GIFT NIFTY Opens Session II With Marginal Gap
GIFT NIFTY reopened for Session II at 24,087 at 16:35 IST on April 10, registering a gap of 27.5 points or 0.11% above the Session I close of 24,059.5. The opening candle ranged between 24,081.5 and 24,092.5 before settling at 24,083.5, indicating a cautious start to the evening session.
The marginal gap higher came as GIFT NIFTY tracked mixed cues from European equity markets, which had been trading for over three hours by the time Session II commenced. The index stood 13.5 points or 0.06% above the previous day's close of 24,091.5, reflecting a consolidative tone across both sessions.
| Metric | Level |
|---|---|
| Session I Close (15:35 IST) | 24,059.5 |
| Session II Open (16:35 IST) | 24,087.0 |
| Session Gap | +27.5 pts (+0.11%) |
| Current LTP (19:10 IST) | 24,105.0 |
| Change vs Previous Day | +13.5 pts (+0.06%) |
European Markets Trade Mixed Mid-Session
European equity benchmarks delivered a scattered performance during the afternoon session, providing limited directional conviction for Session II. The FTSE 100 advanced 40.80 points or 0.38% to 10,644.28, while the CAC 40 gained 43.73 points or 0.53% to 8,289.53, according to real-time data feeds.
The DAX hovered near unchanged levels at 23,802.72, down 0.02%, after earlier trading showed a decline of 273.64 euros or 1.14% to 23,806.99. The divergence in European index movements reflected mixed sector performance across the region, with no clear macro catalyst driving unified direction.
The Euro Stoxx 50, Europe's blue-chip Eurozone benchmark, closed the previous session at 5,896.29, down 17.08 points or 0.29%. European markets were set for a higher open earlier in the day, with the STOXX 50 tracking a weekly gain of 3.5% and the STOXX 600 up 2.7% on a week-to-date basis as of the morning session.
| European Index | Level | Change |
|---|---|---|
| FTSE 100 | 10,644.28 | +40.80 (+0.38%) |
| DAX | 23,802.72 | -4.76 (-0.02%) |
| CAC 40 | 8,289.53 | +43.73 (+0.53%) |
Session II Range and Outlook
GIFT NIFTY traded at 24,105 as of 19:10 IST, hovering near the session's opening levels. The day's cumulative range across both sessions spanned 240 points between a high of 24,123.5 and a low of 23,883.5. Session II runs until 02:45 AM IST, with European markets scheduled to close around 9-10 PM IST, which could bring volatility as global cues evolve through the evening.