GIFT NIFTY reopened for Session II at 24,324, gapping up 36 points or 0.15% from Session I's close of 24,288. The opening candle at 16:35 IST traded between 24,321 and 24,377.5, closing at 24,362 as the contract tracked a broad rally across European markets.
The modest positive gap extended GIFT NIFTY's intraday gain to 11.5 points or 0.05% from the previous day's close of 24,365. Session I had closed marginally lower after trading in a 167-point range between 24,140.5 and 24,306 during the Indian cash market hours.
| Session II Snapshot | Level |
|---|---|
| Session I Close (15:35) | 24,288.0 |
| Session II Open (16:35) | 24,324.0 |
| Gap | +36.0 (+0.15%) |
| Last Traded Price (19:10) | 24,376.5 |
| Change vs Previous Day | +11.5 (+0.05%) |
European Markets Drive Session II Sentiment
European equities were trading sharply higher by mid-session, providing the primary cue for GIFT NIFTY's Session II open. The DAX surged 2.38% to 23,967.59, while France's CAC 40 climbed 1.86% to 8,062.43 and the FTSE 100 advanced 1.69% to 10,422.86, according to market data from the European trading session.
The Euro Stoxx 50, the Eurozone's blue-chip benchmark, jumped 2.4% as European stocks notched their first advance in three to four sessions. The index had opened at 5,652.78 and traded as high as 5,693.14 during the session, recovering from the previous close of 5,719.90.
The broad-based rally across major European indices — spanning Germany, France, and the UK — signaled improved risk appetite in European trading hours. The DAX's gain of 481.66 points and the FTSE 100's rise of 142.62 points reflected the strength of the move as markets reversed recent declines.
| European Indices (Mid-Session) | Level | Change |
|---|---|---|
| DAX | 23,967.59 | +2.38% |
| CAC 40 | 8,062.43 | +1.86% |
| FTSE 100 | 10,422.86 | +1.69% |
| Euro Stoxx 50 | ~5,693 (intraday) | +2.4% |
Session II Trading Outlook
GIFT NIFTY was trading at 24,376.5 as of 19:10 IST, holding near the day's high of 24,439.5 set earlier. Session II runs until 02:45 AM IST on March 11, with European markets scheduled to close around 21:00-22:00 IST, which could bring fresh directional moves as the overnight session progresses.