GIFT NIFTY Reopens Higher for Session II
GIFT NIFTY reopened for Session II at 23,980 at 16:35 IST on May 11, posting a 40-point gap-up from Session I's closing level of 23,940. The 0.17% gap higher came as European markets traded mixed through their mid-session, with FTSE 100 and DAX posting modest gains while CAC 40 slipped into negative territory.
The overnight contract opened stronger than Session I but remained below the day's opening level of 24,217 from Session I's 06:30 start. GIFT NIFTY is trading 41 points or 0.17% lower than the previous day's close of 23,831.5, with the day's cumulative range spanning 24,217 to 23,755.5 across both sessions.
| Metric | Level |
|---|---|
| Session I Close | 23,940.0 |
| Session II Open | 23,980.0 |
| Session Gap | +40.0 (+0.17%) |
| Current LTP | 23,790.5 |
| Change vs Previous Day | -41.0 (-0.17%) |
| Day High | 24,217.0 |
| Day Low | 23,755.5 |
European Markets Trade Mixed Mid-Session
European indices were showing divergent trends roughly three hours into their trading session as GIFT NIFTY reopened. FTSE 100 was trading at 10,252.07, up 19.00 points or 0.19%, extending modest gains through the afternoon. Germany's DAX was marginally higher at 24,311.71, adding 4.29 points or 0.04% in a largely flat performance.
France's CAC 40 was the laggard among major European benchmarks, down 66.09 points or 0.81% to 8,046.48. The index faced pressure from losses in AXA, Veolia, and Renault, according to available market data. The divergence across European markets suggested selective sector rotation rather than broad directional conviction.
The broader Euro Stoxx 50 was trading around 5,911.53, down 1.02% as of its latest available quote, reflecting the mixed tone across eurozone blue-chips. European trading volumes and price action through the mid-session indicated cautious positioning ahead of the Wall Street open.
| Index | Level | Change |
|---|---|---|
| FTSE 100 | 10,252.07 | +19.00 (+0.19%) |
| DAX | 24,311.71 | +4.29 (+0.04%) |
| CAC 40 | 8,046.48 | -66.09 (-0.81%) |
Early Session II Range
GIFT NIFTY traded between 23,983.5 and 23,964.0 in the opening five-minute candle of Session II before pulling back to 23,790.5 by 19:10 IST. The contract has given back the opening gap and is now trading below both Session I and Session II opening levels. With Session II running until 02:45 AM IST and European markets set to close around 21:00-22:00 IST, further directional cues could emerge as overnight trading progresses.