GIFT NIFTY Session II Opening
GIFT NIFTY reopened for Session II at 24,004.5 at 16:35 IST on Monday, a marginal 1.5 points or 0.01% above Session I's closing level of 24,003.0. The near-flat gap reflected a cautious start to the evening session as European markets traded with modest gains mid-session.
The index opened just 3.5 points above the previous day's close of 24,091.5, indicating a subdued start to the trading day overall. Session II's opening candle saw a tight 7.5-point range between 24,005.0 and 23,997.5 before settling at 23,998.0, suggesting limited conviction in early evening trade.
| Metric | Level |
|---|---|
| Session I Close | 24,003.0 |
| Session II Open | 24,004.5 |
| Session Gap | +1.5 (+0.01%) |
| Current LTP | 24,095.0 |
| Day High | 24,123.0 |
| Day Low | 23,990.0 |
| Change vs Prev Close | +3.5 (+0.01%) |
European Market Cues
European indices were trading in positive territory during GIFT NIFTY's Session II open, providing a mildly supportive backdrop for the derivative contract. Germany's DAX stood at 25,361.03, up 1.04% or 262.03 points, while France's CAC 40 Index traded at 8,406.06, gaining 0.40% or 33.78 points. Britain's FTSE 100 Index was at 10,805.36, up 0.22% or 23.61 points.
The Euro Stoxx 50, the blue-chip index representing Eurozone leaders, closed the previous session at 6,282.21, up 0.02% or 1.27 points. The index had climbed 0.3% during that session and was reported to have gained 0.38% from the prior session in earlier trade.
Italy's FTSE MIB Index was at 52,054.95, up 252.72 points, while Spain's IBEX 35 Index stood at 19,741.30, gaining 155.90 points. The breadth of gains across European bourses suggested a constructive risk appetite in mid-session trade, though the magnitude of moves remained relatively contained.
Session II Outlook
GIFT NIFTY was trading at 24,095.0 as of 19:09 IST, having recovered from the flat Session II open to trade 91 points above the reopening level. The index has carved out a day range of 133 points between 24,123.0 and 23,990.0 across both sessions. With European markets set to close around 21:00-21:30 IST and Session II running until 02:45 IST, further directional cues could emerge from late European trade and any overnight developments.