GIFT NIFTY reopened for Session II at 23,208.5 at 16:35 IST on June 9, marking a flat gap of 9.5 points or 0.04% above Session I's closing level of 23,199.0. The index has since climbed through the opening hour, trading at 23,332.5 as of 19:10 IST, up 29.5 points or 0.13% from the previous day's close of 23,303.0.
The minimal session gap reflected a wait-and-see approach ahead of European market cues. GIFT NIFTY's day high of 23,348.5 was reached during Session II, extending the cumulative range from the day low of 23,084.0 hit during Session I. The index opened Session I at 23,131.0 at 06:30 IST, making the full-day gain more pronounced as Session II unfolded.
| Metric | Level |
|---|---|
| Session I Close (15:35) | 23,199.0 |
| Session II Open (16:35) | 23,208.5 |
| Session Gap | +9.5 (+0.04%) |
| Current LTP (19:10 IST) | 23,332.5 |
| Change vs Prev Close | +29.5 (+0.13%) |
| Day High (Both Sessions) | 23,348.5 |
| Day Low (Both Sessions) | 23,084.0 |
European Markets Drive Session II Sentiment
European equity indices provided a supportive backdrop for GIFT NIFTY's Session II gains, with major bourses trading in positive territory by mid-session. The CAC 40 rose 64.12 points or 0.78% to 8,263.41 as of 11:31 AM GMT+2, while the EURO STOXX 50 advanced 50.43 points or 0.83% to 6,112.72 as of 10:41 AM GMT+2. The DAX 40 gained 132.37 points or 0.54% to 24,748.59, extending its recent momentum.
The FTSE 100 underperformed its continental peers, slipping 48.53 points or 0.47% to 10,324.67 in early afternoon trading. The divergence highlighted sector-specific weakness in London, contrasting with broader Eurozone strength. The EURO STOXX 50's move toward 6,113 levels reflected solid demand across the bloc's supersector leaders, while the CAC 40's gains were led by Michelin (up 1.54%), Kering (up 1.26%), and Societe Generale (up 1.20%).
By the time GIFT NIFTY opened Session II, European markets had been trading for over three hours, providing clear directional cues. The positive momentum in DAX and CAC 40 appeared to underpin GIFT NIFTY's steady climb from the 23,208.5 open through 23,230.5 in the first five minutes, reaching 23,234.0 within the opening candle. The index extended gains through the next 15 minutes, touching 23,240.0 by 16:40 IST as European strength persisted.
| European Index | Level | Change |
|---|---|---|
| CAC 40 | 8,263.41 | +64.12 (+0.78%) |
| DAX 40 | 24,748.59 | +132.37 (+0.54%) |
| EURO STOXX 50 | 6,112.72 | +50.43 (+0.83%) |
| FTSE 100 | 10,324.67 | -48.53 (-0.47%) |
Session II Outlook
GIFT NIFTY is trading at 23,332.5 as of 19:10 IST, well above the Session II open and holding near the day's high. Session II runs until 02:45 AM IST, with European markets scheduled to close around 21:00-21:30 IST. Further moves in DAX, CAC 40, and EURO STOXX 50 through their closing auctions could set the tone for GIFT NIFTY's overnight range.