GIFT NIFTY reopened for its second session at 23,768, posting a narrow gap-up of 21 points or 0.09% from Session I's closing level of 23,747. The futures contract touched an early high of 23,785.50 in the opening candle before settling around 23,773 within the first five minutes of trading at 16:35 IST.
The modest opening gap came despite GIFT NIFTY trading 21 points or 0.09% below the previous day's close of 23,729 on a full-day basis. Session I had logged a day high of 23,788.50 and a low of 23,422, with the contract opening at 23,575 during the morning session at 06:30 IST.
European Markets Advance Into Mid-Session
European bourses were trading firmly higher by the time GIFT NIFTY's Session II commenced, providing supportive global cues. Germany's DAX gained 181.88 points or 0.76% to 24,136.81, while France's CAC 40 added 28.05 points or 0.35% to 8,007.97. London's FTSE 100 rose 60.03 points to 10,325.35, though percentage gains were not detailed in available data.
The broader Euro Stoxx 50 index climbed 52.62 points or 0.91% to 5,861.07 at mid-session close around 21:18 IST (09:18 AM GMT+2). Market sources attributed the European advance to momentum in technology shares and positive sentiment around diplomatic developments, though specific catalysts remained limited in session data.
Other European benchmarks also posted gains, with Switzerland's SMI up 93.43 points to 13,212.96. The euro traded at $1.1712 against the dollar, down a marginal 0.0002 on the day.
GIFT NIFTY Session II Range
As of 19:09 IST, GIFT NIFTY was trading at 23,708, roughly 60 points below its Session II opening level and 65 points off the day's high. Early Session II candles showed the contract slipping from the 23,768 open to 23,734 by 16:45 IST, with a range of 23,731.50 to 23,778.50 in the first three bars. Session II trading continues until 02:45 AM IST on May 15, with European markets scheduled to close around 21:30-22:00 IST, which could influence late-session moves.
| Metric | Level |
|---|---|
| Session I Close | 23,747.0 |
| Session II Open | 23,768.0 |
| Session Gap | +21.0 (+0.09%) |
| Current LTP | 23,708.0 |
| Change vs Previous Close | -21.0 (-0.09%) |
| Day High | 23,788.5 |
| Day Low | 23,422.0 |
| European Index | Level | Change | % Change |
|---|---|---|---|
| DAX | 24,136.81 | +181.88 | +0.76% |
| CAC 40 | 8,007.97 | +28.05 | +0.35% |
| FTSE 100 | 10,325.35 | +60.03 | — |
| Euro Stoxx 50 | 5,861.07 | +52.62 | +0.91% |