GIFT NIFTY Gaps Higher Into Session II on European Strength
GIFT NIFTY reopened for Session II at 23,445.50 at 16:35 IST on March 25, gapping up 60 points or 0.26% from the Session I close of 23,385.50. The index opened in positive territory, mirroring a strong mid-session performance across European markets.
The gap higher extends GIFT NIFTY's gains for the day. The index is trading 24.50 points or 0.11% above the previous day's close of 23,278.00. The day's cumulative range across both sessions has reached 23,461.50 on the high and 23,020.50 on the low, with Session I having opened at 23,050.50 at 06:30 IST.
| Metric | Value |
|---|---|
| Session I Close | 23,385.50 |
| Session II Open | 23,445.50 |
| Gap (Points) | +60.00 |
| Gap (%) | +0.26% |
| LTP (19:10 IST) | 23,302.50 |
| Change vs Prev Close | +24.50 (+0.11%) |
European Markets Drive Session II Sentiment
European indices have been the primary driver for Session II, with major bourses posting solid gains by the time GIFT NIFTY reopened. The DAX 40 was trading around 23,021.09 EUR in mid-session, up 384.18 EUR or 1.70%, according to available index data. The CAC 40 gained 114.12 EUR or 1.47% to reach 7,858.04 EUR.
The FTSE 100 advanced 71.01 points or 0.72% to 9,965.16, while the broader Euro Stoxx 50 index added 6.97 points or 0.13% to close at 5,581.29. The FTSE MIB in Milan jumped 665.80 points to 44,035.33, and Spain's IBEX 35 gained 222.00 points to 17,132.20.
European market headlines indicated mixed trading conditions, with some sources reporting the DAX trading marginally lower by 16.95 points or 0.07% at one point during the session, while others showed strong gains. The divergence in mid-session data reflects ongoing volatility, though the overall tone remained positive across the region.
GIFT NIFTY Trading Range in Early Session II
GIFT NIFTY reached an intraday high of 23,446.50 in the opening Session II candle before slipping to 23,302.50 by 19:10 IST. The index is trading below the Session II opening level, suggesting early profit-taking after the gap-up open. Session II runs until 02:45 AM IST on March 26, and European markets will close around 21:00-22:00 IST, which could influence later moves in the session.
| Index | Level | Change (Points) | Change (%) |
|---|---|---|---|
| DAX 40 | 23,021.09 EUR | +384.18 | +1.70% |
| CAC 40 | 7,858.04 EUR | +114.12 | +1.47% |
| FTSE 100 | 9,965.16 GBP | +71.01 | +0.72% |
| Euro Stoxx 50 | 5,581.29 EUR | +6.97 | +0.13% |