GIFT NIFTY Opens Session II With Minimal Gap
GIFT NIFTY reopened for Session II at 24,654.5 at 16:35 IST on August 3, a modest 11.5-point gap higher from Session I's close of 24,643.0. The 0.05% gap reflected a near-flat start as the index tracked mixed signals from European markets that had been trading for over three hours by the Session II open.
The index opened 155.5 points above the day's Session I opening level of 24,499.0 but remained 10.5 points below the previous day's close of 24,665.0. The first Session II candle saw GIFT NIFTY touch a high of 24,659.5 before consolidating around 24,655.5.
| Metric | Level |
|---|---|
| Session I Close | 24,643.0 |
| Session II Open | 24,654.5 |
| Gap (Points) | +11.5 |
| Gap (%) | +0.05% |
| Current LTP | 24,637.0 |
| Change vs Prev Close | -28.0 (-0.11%) |
European Markets Drive Session II Sentiment
European equities provided the primary cue for GIFT NIFTY's Session II open, with gains evident across major benchmarks. The CAC 40 in Paris rose 93.27 points to 8,602.91, a 1.10% advance that marked the strongest performance among the major indices. The DAX in Frankfurt added 0.33 points to settle at 25,964.95, while the FTSE 100 in London edged lower despite the broader European strength.
The Euro Stoxx 50, Europe's leading blue-chip gauge covering the Eurozone, climbed 13.61 points to 6,358.01, a 0.21% gain that eased from a record high touched earlier in the session. The STOXX Europe 600 slipped 0.1% to 649, reflecting divergent sector performance across the continent.
US equity futures pointed to continued momentum, with the Dow Jones Industrial Average futures up 276.93 points to 52,485.03, a 0.53% advance. The overnight Wall Street session had closed before Session II opened, leaving European mid-session moves as the key directional input for GIFT NIFTY traders.
European Index Snapshot
| Index | Level | Change |
|---|---|---|
| CAC 40 | 8,602.91 | +93.27 (+1.10%) |
| DAX 40 | 25,964.95 | +0.33 |
| Euro Stoxx 50 | 6,358.01 | +13.61 (+0.21%) |
| Dow Futures | 52,485.03 | +276.93 (+0.53%) |
Session II Range Remains Narrow Early
By 19:09 IST, GIFT NIFTY was trading at 24,637.0, down 17.5 points from the Session II open and 28 points below the previous day's close. The day's high of 24,696.0 and low of 24,452.5 — both recorded during Session I — continued to frame the overall trading range. Session II runs until 02:45 AM IST on August 4, with European market closures expected around 21:00-22:00 IST, which could introduce fresh volatility as liquidity thins in the final hours.