GIFT NIFTY reopened for Session II at 23,979.5 at 16:35 IST on September 02, gapping up 13.5 points or 0.06% from Session I's close of 23,966.0. The opening candle spiked to 24,006.0 before settling at 24,001.0, signaling a cautious positive tone despite weakness in European bourses.
The modest gap-up left GIFT NIFTY 14.5 points or 0.06% above the previous day's close of 23,965.0. Session I had traded in a 174-point range between 24,079.0 and 23,905.0 before closing near the lower end. The Session II open reversed some of that late-session drift.
| Metric | Value |
|---|---|
| Session I Close | 23,966.0 |
| Session II Open | 23,979.5 |
| Gap | +13.5 (+0.06%) |
| Current LTP | 23,979.5 |
| Change vs Prev Close | +14.5 (+0.06%) |
European Markets Trade Lower Mid-Session
European indices provided a mixed-to-negative backdrop as GIFT NIFTY reopened. The DAX 40 was down 0.36% to 25,984.52, shedding 273.59 points after opening at 26,206.13, according to real-time data. The CAC 40 slipped 0.32% to 8,275.66, losing 26.19 points from its opening level of 8,306.63.
The FTSE 100 declined 0.21%, falling 22.79 points to 10,766.49. The broader Euro Stoxx 50 Index dropped 0.80% to close at 6,368.98, down 51.18 points at 6:00 PM GMT+2 on September 01, reflecting continued pressure across eurozone blue-chips.
The Euro Area's main stock index, the EU50, fell 0.32% to 6,348 points on September 02, extending losses from the previous session. Market data showed the FTSE MIB Index down 108.60 points to 51,806.58, while Spain's IBEX 35 Index bucked the trend, gaining 31.40 points to 19,855.40.
Session II Outlook
GIFT NIFTY is trading at 23,979.5 as Session II unfolds, holding marginally above the gap-up opening level. The contract remains on track for a modest gain versus the previous day's close, though the downward drift in European markets—which will close around 9-10 PM IST—could introduce fresh volatility into the overnight session that runs until 02:45 AM IST.