GIFT NIFTY reopened for Session II at 22,598.5 at 16:35 IST, posting a negligible gap of 23.5 points or 0.1% from the Session I close of 22,575.0. The index barely moved from where it left off in the afternoon session, opening just above the previous day's close of 22,576.0.
The flat gap reflects a cautious start to the evening session, with GIFT NIFTY trading 3.5 points or 0.02% higher than Friday's close. The day's cumulative range across both sessions stands at 22,501.0 to 22,723.0, with the index having shed ground from its Session I open of 22,640.0 earlier in the morning.
| Metric | Level |
|---|---|
| Session I Close | 22,575.0 |
| Session II Open | 22,598.5 |
| Session Gap | +23.5 (+0.1%) |
| LTP (19:10 IST) | 22,579.5 |
| Change vs Previous Day Close | +3.5 (+0.02%) |
European Markets Show Divergent Moves
European indices were trading mixed by the time GIFT NIFTY reopened, providing a split backdrop for Session II. The DAX stood at 25,186.0 as of mid-session, with earlier data showing the German benchmark at 25,231.20, up 1.17% or 291.85 points. France's CAC 40 was at 7,897.19, gaining 0.79% or 61.88 points.
The FTSE 100, however, was marginally lower at 10,480.75, up just 0.18% or 18.80 points from earlier levels, after opening data showed it at 10,456.31, down 0.05%. The divergence in London versus continental Europe appeared to reflect sector rotation rather than broad-based sentiment shifts.
The Euro Stoxx 50, which tracks Eurozone supersector leaders, fell 0.24% to 6,223 points on October 5, losing 10.20 points from the previous session close. Earlier data showed the index at 6,238.50, up 1.02% or 63.05 points at close on October 2, suggesting some profit-taking had emerged in the interim sessions.
| Index | Level | Change |
|---|---|---|
| DAX | 25,186.0 / 25,231.20 | +1.17% (+291.85) |
| CAC 40 | 7,897.19 | +0.79% (+61.88) |
| FTSE 100 | 10,480.75 | +0.18% (+18.80) |
| Euro Stoxx 50 | 6,223.0 | -0.24% (-10.20) |
Session II Outlook
GIFT NIFTY was trading at 22,579.5 as of 19:10 IST, slightly below the Session II open but holding near the day's previous close. Session II runs until 02:45 AM IST, and with European markets scheduled to close around 21:00-21:30 IST, further volatility could emerge once those cues fade and the index transitions to tracking overnight US futures.