GIFT Nifty reopened for Session II at 24,116.5 at 16:35 IST on June 18, down 15.5 points or 0.06% from the Session I close of 24,132.0. The marginal gap lower extended the contract's decline from the previous day close of 24,192.5, with the index now trading 80.5 points or 0.33% lower for the day.
The contract slipped further in early Session II trade, with the opening five-minute candle recording a low of 24,103.0 before settling at 24,105.5. By 19:10 IST, GIFT Nifty was trading at 24,112.0, holding within a tight 19-point band from the Session II open.
European Markets Show Mixed Mid-Session Cues
European equity indices presented a mixed picture in afternoon trade as GIFT Nifty entered its evening session. The Euro Stoxx 50 was trading at 6,321.30, up 21.23 points or 0.34%, according to delayed quotes as of 9:43 AM GMT+2. The pan-European benchmark opened at 6,301.11 and established a session range between 6,282.22 and 6,331.15.
The FTSE 100 advanced 114.48 points or 1.11% to 10,418.36 as of 12:51 PM GMT+1, outperforming continental peers. The London benchmark's rally provided some support to risk sentiment, though the gains came amid limited visibility on sector-specific drivers from available market data.
German and French indices traded with more modest moves. Market data platforms tracked the DAX 40, CAC 40, and FTSE 100 across European trading hours, though specific intraday levels for the DAX and CAC 40 were not immediately available in real-time feeds at the Session II open.
GIFT Nifty Session II Snapshot
| Metric | Level |
|---|---|
| Session I Close | 24,132.0 |
| Session II Open | 24,116.5 |
| Session Gap | -15.5 (-0.06%) |
| Current LTP | 24,112.0 |
| Change vs Prev Close | -80.5 (-0.33%) |
European Indices (Mid-Session)
| Index | Level | Change |
|---|---|---|
| Euro Stoxx 50 | 6,321.30 | +21.23 (+0.34%) |
| FTSE 100 | 10,418.36 | +114.48 (+1.11%) |
Session II Outlook
GIFT Nifty is trading below its Session I close as European markets navigate mixed afternoon flows. The contract established a day high of 24,205.5 during Session I and a day low of 24,012.5 across both sessions. Session II runs until 02:45 AM IST on June 19, with European market closures expected around 21:00-22:00 IST potentially bringing fresh directional cues.