GIFT NIFTY Session II Opening
GIFT NIFTY reopened for Session II at 23,713.0 at 16:35 IST on May 19, down 11.5 points or 0.05% from the Session I close of 23,724.5. The marginal gap lower came despite a positive start to the afternoon session in European markets.
The opening five-minute candle at 16:35 saw the index trade in a tight 13-point range between 23,709.0 and 23,722.0, settling at 23,710.5. By 19:10 IST, GIFT NIFTY was trading at 23,612.0, up 52.0 points or 0.22% from the previous day's close of 23,560.0 but down from both the Session I and Session II opening levels.
| GIFT NIFTY Session II Snapshot | Level |
|---|---|
| Session I Close (15:35) | 23,724.5 |
| Session II Open (16:35) | 23,713.0 |
| Session Gap | -11.5 (-0.05%) |
| Current LTP (19:10 IST) | 23,612.0 |
| Change vs Previous Day | +52.0 (+0.22%) |
| Day High | 23,773.0 |
| Day Low | 23,558.0 |
European Markets Drive Session II Cues
European equity indices posted gains in mid-session trading, providing a constructive backdrop for GIFT NIFTY's Session II reopening. The FTSE 100 rose 128.38 points or 1.26% to 10,323.75, while the DAX climbed 1.49% to 24,307.92. The CAC 40 advanced 0.44% to 7,987.49, according to market data available as of the Session II open.
The FTSE 100 was leading the advance among major European bourses, with the index up 60.87 points or 0.59% to 10,384.62 as of 10:25 AM London time, based on delayed quotes. The Euro Stoxx 50, the Eurozone's blue-chip benchmark, also edged higher, adding to gains from the previous session.
European trading has been in progress for approximately three hours by the time GIFT NIFTY's Session II commenced, with London, Frankfurt and Paris markets having opened around 13:00-13:30 IST. The positive mid-session momentum in European equities reflected sustained investor interest in Eurozone and UK stocks, though the modest gap lower in GIFT NIFTY suggested some divergence in sentiment heading into the evening session.
Session II Outlook
GIFT NIFTY's Session II will run until 02:45 AM IST, with European markets set to close around 21:00-22:00 IST, potentially bringing fresh volatility as liquidity thins. The index has so far posted a day high of 23,773.0 and a day low of 23,558.0 across both sessions, with the current trading level below the Session II opening price indicating early weakness despite the European tailwind.