GIFT NIFTY reopened for Session II at 24,061.0 at 16:35 IST on Tuesday, gapping up 25.5 points (0.11%) from the Session I close of 24,035.5. The modest gap higher comes despite European indices trading in the red during their mid-session, with the Euro Stoxx 50 down 1.2% to 6,235 and the broader Stoxx Europe 600 off 0.5% to 636 as of European market hours.
The Session II open brings GIFT NIFTY 211 points (0.89%) above its Session I opening level of 23,865.5 recorded at 06:30 IST. The contract is trading 38 points (0.16%) above the previous day close of 24,023.0, with the day's cumulative range spanning from a low of 23,772.5 to a high of 24,109.5 across both sessions combined.
European Markets Weigh on Session II Sentiment
European equities were trading lower during their mid-session as GIFT NIFTY reopened, providing a cautious backdrop for Session II trade. The Euro Stoxx 50 index, representing Eurozone blue-chips, closed Monday at 6,230.55, down 80.77 points (1.28%), and continued its weakness into Tuesday's session with a further 1.2% decline to 6,235 by European afternoon.
Technology shares led the decline in European markets, with ASML slipping 5.5% and Infineon losing 5.8% amid concerns weighing on the semiconductor sector. The broader Stoxx Europe 600 index showed relatively softer losses, down 0.5% to 636, suggesting the weakness was concentrated in specific sectors rather than broad-based selling.
Among the major European benchmarks, the FTSE 100 in London stood at 10,430.12 as of 09:28 GMT, up a marginal 1.27 points (0.01%), indicating mixed sentiment across the region. The DAX 40 in Frankfurt was quoted at 24,893.58, down 246.11 points (0.98%), while France's CAC 40 fell 59.40 points (0.71%) to 8,340.71 during European trading hours.
GIFT NIFTY Session II Early Trade
GIFT NIFTY traded at 24,076.5 as of 19:10 IST, up 41 points from the Session II open and 15.5 points above the first candle close of 24,058.5. The opening 15 minutes saw the contract reach 24,076.0 before stabilizing in a tight range between 24,062.0 and 24,076.0. Session II runs until 02:45 IST Wednesday morning, with European markets scheduled to close around 21:00-22:00 IST, which could bring fresh directional cues as overnight liquidity thins.
| Metric | Level |
|---|---|
| Session I Close (15:35 IST) | 24,035.5 |
| Session II Open (16:35 IST) | 24,061.0 |
| Session Gap | +25.5 (+0.11%) |
| Current LTP (19:10 IST) | 24,076.5 |
| Change vs Prev Day Close | +53.5 (+0.22%) |
| Day Range (Both Sessions) | 23,772.5 – 24,109.5 |
| Index | Level | Change |
|---|---|---|
| Euro Stoxx 50 | 6,235 | -1.2% |
| Stoxx Europe 600 | 636 | -0.5% |
| FTSE 100 | 10,430.12 | +0.01% |
| DAX 40 | 24,893.58 | -0.98% |
| CAC 40 | 8,340.71 | -0.71% |