GIFT NIFTY reopened for Session II at 22,624.5, unchanged from its Session I close of 22,624.5, showing no gap between the two sessions. The contract held its ground even as European markets traded firmly in the red during their mid-session window.
The index traded 133.5 points or 0.59% above the previous day's close of 22,491.0, with the day's gains entirely accrued during Session I. The day's range so far spanned from a low of 22,278.0 to a high of 22,700.0, both recorded in the morning session.
European Markets Post Broad Losses
European indices were under pressure by the time GIFT NIFTY reopened at 16:35 IST, with all major bourses trading lower. The DAX fell 259.84 points or 1.03% to 24,939.35, while the CAC 40 Index dropped 129.20 points or 1.62% to 7,835.31. The FTSE 100 declined 177.73 points or 1.68% to 10,428.27, marking the steepest percentage loss among the three.
The Euro Stoxx 50, the region's blue-chip benchmark, closed down 93.57 points or 1.49% at 6,175.45, according to delayed quotes. The index had been tracking near July 2026 lows, with recent data showing a 2.53% decline over the past four weeks as eurozone equities came under broader selling pressure.
Other European bourses followed suit. The FTSE MIB Index in Italy added 426.25 points or 0.85% to 50,664.11, while Spain's IBEX 35 Index gained 209.70 points or 1.10% to 19,215.00. The divergence in performance across the region suggested uneven sectoral or country-specific flows, though details on specific catalysts remained absent from available market data.
GIFT NIFTY Session II Outlook
GIFT NIFTY was trading at 22,624.5 at the Session II open, flat on the session gap and holding above the 22,600 level. The contract faces a long overnight window until 02:45 AM IST, during which European markets will close around 21:00-22:00 IST, potentially bringing fresh volatility as the US session takes over as the primary global driver.
GIFT NIFTY Session II Snapshot
| Metric | Level |
|---|---|
| Session I Close | 22,624.5 |
| Session II Open | 22,624.5 |
| Session Gap | 0.0 (0.00%) |
| Last Traded Price | 22,624.5 |
| Change vs Previous Day Close | +133.5 (+0.59%) |
| Day High | 22,700.0 |
| Day Low | 22,278.0 |
European Indices (Mid-Session)
| Index | Level | Change | % Change |
|---|---|---|---|
| FTSE 100 | 10,428.27 | -177.73 | -1.68% |
| DAX | 24,939.35 | -259.84 | -1.03% |
| CAC 40 | 7,835.31 | -129.20 | -1.62% |
| Euro Stoxx 50 | 6,175.45 | -93.57 | -1.49% |