GIFT NIFTY reopened for Session II at 24,626, down a marginal 2 points or 0.01% from the Session I close of 24,628. The near-flat gap reflected cautious positioning ahead of the European market close, despite major European indices trading at record levels during the afternoon session.
The contract opened at 24,626 at 16:35 IST and immediately tested 24,600.50 in the opening five minutes before settling at 24,612. By 19:10 IST, GIFT NIFTY had recovered to 24,671.50, trading 30 points or 0.12% above the previous day's close of 24,641.50. The day's cumulative range across both sessions spanned 24,593.50 to 24,704.50.
| Metric | Level |
|---|---|
| Session I Close | 24,628.0 |
| Session II Open | 24,626.0 |
| Session Gap | -2.0 (-0.01%) |
| Current LTP | 24,671.5 |
| Change vs Previous Close | +30.0 (+0.12%) |
European Markets Set Record Highs
European equity indices provided firm cues during the early hours of Session II, with multiple benchmarks closing at all-time highs. The Euro Stoxx 50 gained 25.58 points or 0.39% to close at 6,502.56, while the STOXX Europe 600 advanced 0.2% to 658, both marking fresh record closes.
France's CAC 40 rose 30.42 points or 0.35% to finish at 8,699.71, extending gains for a second consecutive session. Germany's DAX climbed 0.34% to 26,165.23 as of 11:38 IST, supported by a 6.3% surge in Deutsche Telekom following strong earnings. The UK's FTSE 100 added 22.35 points or 0.21% to 10,890.24, tracking broader European strength.
The synchronised advance across European markets came as investors digested corporate earnings, with the Euro Stoxx 50's constituents representing a combined market capitalisation of €4.01 trillion. All three major indices — the DAX, CAC 40, and FTSE 100 — traded in positive territory throughout the afternoon, providing a supportive backdrop for GIFT NIFTY's Session II open.
| Index | Level | Change |
|---|---|---|
| Euro Stoxx 50 | 6,502.56 | +25.58 (+0.39%) |
| CAC 40 | 8,699.71 | +30.42 (+0.35%) |
| DAX | 26,165.23 | +0.34% |
| FTSE 100 | 10,890.24 | +22.35 (+0.21%) |
| STOXX 600 | 658 | +0.2% |
Session II Outlook
GIFT NIFTY is currently trading 45.50 points above its Session II open, recovering from the opening dip to 24,600.50. Session II runs until 02:45 AM IST, with European markets scheduled to close around 21:30-22:00 IST, which could influence momentum in the latter half of the session.