GIFT NIFTY Opens Session II Nearly Unchanged
GIFT NIFTY reopened for Session II at 24,599.50 at 16:35 IST on August 5, slipping just 2.5 points or 0.01% from the Session I close of 24,602. The marginal gap reflected muted sentiment as traders awaited clearer directional cues from European markets that had been trading for over three hours.
The index opened virtually flat after Session I ended at 15:40 IST, with the first 5-minute candle of Session II printing a tight range between 24,595 and 24,607.50. By 19:09 IST, GIFT NIFTY was trading at 24,656, up 21.5 points or 0.09% from the previous day's close of 24,634.50, maintaining a cautious positive bias into the evening session.
| Metric | Level |
|---|---|
| Session I Close (15:35) | 24,602.00 |
| Session II Open (16:35) | 24,599.50 |
| Session Gap | -2.50 (-0.01%) |
| Current LTP (19:09 IST) | 24,656.00 |
| Change vs Previous Close | +21.50 (+0.09%) |
| Day High | 24,798.00 |
| Day Low | 24,562.00 |
European Markets Provide Modest Tailwind
European indices were trading in positive territory during Session II's opening window, offering a supportive backdrop for GIFT NIFTY. The DAX was trading at 26,202.35, up 201.04 points or 0.77%, while the CAC 40 stood at 8,666.63, gaining 52.81 points or 0.61%. Data showed the CAC 40 reached an intraday high of 8,693.89 during European trading hours.
The Euro Stoxx 50, which tracks blue-chip stocks across the Eurozone, closed its previous session at 6,486.70, up 60.20 points or 0.94% at 18:00 GMT+2 on August 4. The broader European market tone remained constructive as investors digested corporate earnings and macro developments, with the FTSE 100 also participating in the advance, though specific levels for the UK benchmark were not immediately available in real-time feeds.
The positive European session suggested a degree of risk appetite had returned to global markets, though the gains remained measured. With European markets set to close around 21:00-22:00 IST during GIFT NIFTY's Session II, further volatility could emerge as liquidity thins and overnight Asian sentiment begins to take hold.
Session II Trading Range Holds Steady
GIFT NIFTY traded in a narrow band in the opening minutes of Session II, with the first three 5-minute candles showing mild choppiness. After opening at 24,599.50, the index dipped to 24,572 by 16:45 IST before recovering to current levels near 24,656. Session II runs until 02:45 IST on August 6, providing ample time for repositioning ahead of the next Indian cash market open.