GIFT NIFTY reopened for Session II at 24,159.5 at 16:35 IST on May 08, gapping down 22.5 points or 0.09% from the Session I close of 24,182.0. The opening tick marked a near-flat start to the evening session, with the index briefly testing 24,190.0 in the first five minutes before settling back.
The minimal gap reflected subdued momentum heading into the second half of the trading day. GIFT NIFTY traded 18.0 points or 0.07% above the previous day's close of 24,218.0, indicating a flat to marginally positive cumulative session performance. As of 19:10 IST, the index was quoting at 24,236.0, recovering from the session gap and trading above the day's opening level of 24,309.5 recorded at 06:30 IST.
European Markets Weigh on Sentiment
European equity indices were trading in the red during the first three hours of their session, providing a cautious backdrop for GIFT NIFTY's Session II open. The DAX index in Germany was down 0.79% to 0.81%, trading between 24,406 and 24,468 according to live feeds, as market participants digested regional cues and macro headwinds.
France's CAC 40 fell 0.67% to 0.97%, with quotes placing the index between 8,122 and 8,147 during mid-session trade. The UK's FTSE 100 slipped 0.14% to 0.20%, hovering around 10,256 to 10,262, reflecting a relatively shallow decline compared to continental peers.
The Euro Stoxx 50, the blue-chip benchmark for the Eurozone, dropped 0.90% to close at 5,972.65 as of 18:00 GMT+2 (21:30 IST), down 54.48 points. Market data indicated that European stocks extended losses from the previous session, with the broader STOXX 600 down 0.8% on Friday, suggesting continued pressure into the new week.
| Index | Level | Change |
|---|---|---|
| DAX (Germany) | 24,406 – 24,468 | -0.79% to -0.81% |
| CAC 40 (France) | 8,122 – 8,147 | -0.67% to -0.97% |
| FTSE 100 (UK) | 10,256 – 10,262 | -0.14% to -0.20% |
| Euro Stoxx 50 | 5,972.65 | -0.90% |
GIFT NIFTY Session II Snapshot
GIFT NIFTY's Session II opening came after a soft finish to Session I, which closed at 24,182.0 at 15:40 IST. The index opened the evening session 22.5 points lower, but quickly recovered to 24,188.0 within the first five-minute candle, testing a high of 24,190.0.
By 19:10 IST, the index had advanced to 24,236.0, suggesting buying interest emerged after the initial gap down. The day's high of 24,327.5 was recorded during Session I, while the low of 24,131.0 reflected the cumulative range across both sessions.
| Metric | Level |
|---|---|
| Session I Close | 24,182.0 |
| Session II Open | 24,159.5 |
| Session Gap | -22.5 (-0.09%) |
| Last Traded Price | 24,236.0 |
| Change vs Prev Day | +18.0 (+0.07%) |
Session II runs until 02:45 AM IST on May 09. European markets will close during this window, with the DAX, CAC 40, and FTSE 100 wrapping up by around 21:00-21:30 IST, which could bring fresh directional cues to GIFT NIFTY in the later hours of trade.