GIFT NIFTY Session II Opens Nearly Flat
GIFT NIFTY reopened for Session II at 24,170.5 at 16:35 IST, posting a marginal gain of 16.5 points (0.07%) from the Session I close of 24,154.0. The opening candle held a tight 8.5-point range between 24,165.0 and 24,173.5, signaling a subdued start to the evening session.
The near-flat gap reflected the absence of sharp directional cues following the Indian cash market close at 15:30 IST. However, GIFT NIFTY remained below the previous day's close of 24,480.0, trading down 14 points (0.06%) on a full-day basis as of the Session II open.
European Markets Trade in Green Territory
European indices provided a mildly supportive backdrop as Session II opened, with the FTSE 100, DAX, and CAC 40 all registering gains by mid-afternoon European time. The FTSE 100 advanced 23.32 points (0.21%) to 10,877.64, while the CAC 40 rose 28.06 points (0.33%) to 8,481.07, according to market data available at the time of GIFT NIFTY's reopening.
The broader Euro Stoxx 50 index traded at 6,487 points, up marginally from its previous close of 6,462.22, reflecting steady sentiment across Eurozone blue-chips. The Stoxx Europe 600 closed flat at 654 points, indicating a lack of strong momentum in the wider European equity complex.
European markets had been open for over three hours by the time GIFT NIFTY began Session II, providing a directional reference for the evening session. However, the gains in London, Frankfurt, and Paris remained modest, offering limited impetus for a strong move in GIFT NIFTY.
GIFT NIFTY Session II Snapshot
| Metric | Level |
|---|---|
| Session I Close | 24,154.0 |
| Session II Open | 24,170.5 |
| Gap (Points) | +16.5 |
| Gap (%) | +0.07% |
| LTP (as of 19:10 IST) | 24,466.0 |
| Change vs Prev Day Close | -14.0 (-0.06%) |
European Indices Mid-Session Levels
| Index | Level | Change |
|---|---|---|
| FTSE 100 | 10,877.64 | +23.32 (+0.21%) |
| CAC 40 | 8,481.07 | +28.06 (+0.33%) |
| Euro Stoxx 50 | 6,487 | +24.78 (+0.38%) |
Session II Outlook
GIFT NIFTY traded at 24,466.0 as of 19:10 IST, well above the Session II open and marking a recovery from the day's earlier lows. Session II runs until 02:45 AM IST, during which European markets will close (around 21:00-21:30 IST), potentially bringing fresh volatility as U.S. futures and overnight macro cues take over.