GIFT NIFTY Reopens With Marginal Gap Down
GIFT NIFTY reopened for Session II at 24,033 at 16:35 IST on July 14, slipping 16.5 points or 0.07% from its Session I close of 24,049.5. The index opened cautiously but slipped further in early trade, with the first candle sliding to 24,012.5 before closing at 24,018.
The minor gap down extended the index's overall decline for the day. GIFT NIFTY is trading 45.5 points or 0.19% below the previous day's close of 24,014.5, having swung between a session high of 24,145.5 and a low of 23,933 across both sessions. By 19:10 IST, the index was quoted at 23,969, down 80 points from Session II's opening level.
| Session Snapshot | Level | Change |
|---|---|---|
| Session I Close | 24,049.5 | — |
| Session II Open | 24,033.0 | -16.5 (-0.07%) |
| Current LTP | 23,969.0 | -80.5 vs Session I Close |
| Day Change vs Prev Close | 24,014.5 | -45.5 (-0.19%) |
| Day High/Low | 24,145.5 / 23,933.0 | — |
European Markets Trade in Narrow Range
European equities provided mixed cues as GIFT NIFTY reopened. The DAX 40 was trading at 25,114.25, up 47.16 points or 0.19%, while the CAC 40 gained 25.68 points or 0.31% to 8,364.65. The FTSE 100 was quoted at 10,498.29, though directional data remained limited in the search results.
The Euro Stoxx 50, Europe's blue-chip benchmark covering the Eurozone's supersector leaders, closed the previous session at 6,271.02 on July 13, up 1.05 points or 0.02%. The index has traded in a 52-week range between zero and 6,431.42, with an average daily volume of 22.35 million. No significant macro triggers or corporate news emerged from Europe during the early hours of the Session II window.
Broader European sentiment has been shaped in recent sessions by rate concerns and geopolitical tensions, with indices struggling to sustain upward momentum. The FTSE MIB in Italy declined 175.21 points to 52,634.14, while Spain's IBEX 35 fell 148.30 points to 19,187.40, suggesting selective weakness across southern European bourses.
Session II Outlook
GIFT NIFTY is currently trading below its Session II opening level, with the index finding early resistance around 24,030 and support near 23,930. Session II runs until 02:45 AM IST, during which European markets will close around 21:30-22:00 IST. Any late-session moves in Europe or overnight US futures could influence GIFT NIFTY's trajectory into the early morning hours.