GIFT NIFTY reopened for Session II at 22,880.5 at 16:35 IST on September 28, a marginal 11-point gap up from its Session I close of 22,869.5. The 0.05% uptick marked an essentially flat restart as European markets traded mixed in afternoon trade, offering limited directional cues.
The Session II open came after GIFT NIFTY spent most of Session I in negative territory, with the index closing the first session down 305 points from its 6:30 AM opening level of 23,172. The day's cumulative range stood at 23,175.5 to 22,792.5 by early Session II, reflecting a 383-point swing across both sessions.
| GIFT NIFTY Session II Snapshot | Level | Change |
|---|---|---|
| Session I Close | 22,869.5 | — |
| Session II Open | 22,880.5 | +11.0 (+0.05%) |
| Current LTP (19:10 IST) | 22,822.0 | — |
| Change vs Previous Day Close | 22,824.5 | -2.5 (-0.01%) |
| Day High | 23,175.5 | — |
| Day Low | 22,792.5 | — |
European Markets Trade Mixed in Afternoon Session
European equity indices showed a lack of conviction in afternoon trade as GIFT NIFTY reopened. Germany's DAX edged up 0.56% to 25,408.64, adding 142.11 points, while France's CAC 40 slipped 0.04% to 8,077.80, down 3.63 points. The FTSE 100 and Euro Stoxx 50 data in the search results showed outdated or incomplete levels, preventing a full read on London and broader Eurozone performance.
The DAX's modest advance stood out as the only clear positive among the major European benchmarks, though the gain remained marginal. The CAC 40's fractional decline suggested French equities were treading water, while the absence of fresh FTSE 100 data left a gap in the cross-market picture. Earlier search data placed the Euro Stoxx 50 at 6,302.82, up 0.48%, but this was attributed to a September 25 close timestamp, rendering it stale for today's session context.
The muted European backdrop offered little catalyst for GIFT NIFTY's Session II trajectory. With no significant sectoral drivers or macro events flagged in the available data, the index's reopening held close to its Session I exit level. The lack of a clear European trend left GIFT NIFTY in wait-and-see mode as the afternoon unfolded.
| European Index | Level | Change |
|---|---|---|
| DAX (Germany) | 25,408.64 | +142.11 (+0.56%) |
| CAC 40 (France) | 8,077.80 | -3.63 (-0.04%) |
Session II Outlook
GIFT NIFTY was trading at 22,822 by 19:10 IST, down 58.5 points from its Session II open and testing levels below the day's previous close of 22,824.5. The early Session II range of 22,880.5 to 22,817 reflected choppy movement as European markets continue to trade through their afternoon session, which will close around 9-10 PM IST. Further volatility remains possible as European cash markets wind down and overnight positioning takes shape.