GIFT NIFTY reopened for Session II at 24,255 at 16:35 IST on April 15, posting a minimal gap of 20 points, or 0.08%, above the Session I close of 24,235. The futures contract edged to an early high of 24,260 in the opening minutes before settling around current levels.
The flat opening caps a modest trading day for GIFT NIFTY, which stands just 10.5 points, or 0.04%, above the previous day's close of 24,249.50. The day's cumulative range across both sessions spans 24,184 to 24,325, with Session I having opened at 24,206.50 at 06:30 IST.
| Metric | Level |
|---|---|
| Session I Close | 24,235.0 |
| Session II Open | 24,255.0 |
| Session Gap | +20.0 (+0.08%) |
| Last Traded Price | 24,260.0 |
| Change vs Prev Close | +10.5 (+0.04%) |
European Markets Provide Positive Backdrop
European equity indices are trading higher in mid-session, providing a supportive tone as GIFT NIFTY's Session II gets underway. The DAX has advanced 301.78 points to 24,044.22, while the FTSE 100 gained 26.10 points to 10,609.06, according to European financial market data. The CAC 40 rose 91.88 points to 8,327.86, representing a 1.12% gain at the close of European trading on April 14.
The Euro Stoxx 50, Europe's blue-chip benchmark covering 50 stocks across 12 eurozone countries, climbed 79.49 points, or 1.35%, to close at 5,984.51. The index has gained 6.24% over the past five days, reflecting broad-based strength in eurozone equities. The SMI added 122.32 points to 13,268.23 in concurrent trading.
More recent snapshots show the FTSE 100 at 10,612.64, up 3.58 points or 0.03%, while the DAX traded at 24,051.57, up 0.03%. The CAC 40 was quoted at 8,279.10, down 0.59%, suggesting some intraday volatility in Paris after the prior session's gains. Live data indicates the FTSE 100 moving within a day range of 10,597.43 to 10,637.69.
Euro and Currency Movements
The euro traded at $1.1790 against the dollar, down 0.0007 in European market data. Currency moves remained modest as European equities digested recent gains and traders assessed broader geopolitical developments.
Session II Outlook
GIFT NIFTY is currently trading at 24,260, marginally above the Session II open. Session II runs until 02:45 AM IST on April 16, with European markets set to close around 21:00-22:00 IST, which could bring further directional cues to the overnight session.