GIFT NIFTY reopened for Session II at 24,338.0 at 16:35 IST on Wednesday, slipping just 0.5 points from the Session I close of 24,338.5. The negligible gap of 0.0% left the index essentially flat as evening trading commenced on the NSE International Exchange.
The opening candle saw immediate pressure, with GIFT NIFTY drifting to an intraday low of 24,323.5 within the first five minutes before settling at 24,326.0. The index remained under pressure in early Session II action, trading at 24,312.5 by 16:45 IST. For the full day, GIFT NIFTY stood 56.0 points or 0.23% higher at 24,419.0 against the previous close of 24,363.0, with the day's range spanning from 24,206.0 to 24,427.5 across both sessions.
| Metric | Level |
|---|---|
| Session I Close | 24,338.5 |
| Session II Open | 24,338.0 |
| Gap (points/%) | -0.5 (-0.0%) |
| Current LTP | 24,419.0 |
| Change vs Prev Close | +56.0 (+0.23%) |
European Markets Show Mixed Performance
European equities were trading with limited conviction by the time GIFT NIFTY reopened, offering no clear directional cue for Session II. The FTSE 100 in London had gained 63.08 points or 0.58% to reach 10,971.49, providing modest support from the UK market. The CAC 40 in Paris was trading at 8,487.33, though specific intraday change data was not available in live feeds.
Germany's DAX 40 stood at 25,460.48, down 3.53 points, showing marginal weakness in the region's largest economy. The Euro Stoxx 50, Europe's benchmark blue-chip index covering Eurozone supersector leaders, closed the previous session at 6,248.84, down 40.67 points or 0.65%. The divergent performance across major European bourses — with London showing gains while Frankfurt and the broader Eurozone index faced pressure — left GIFT NIFTY traders without a unified European narrative.
| Index | Level | Change |
|---|---|---|
| FTSE 100 | 10,971.49 | +63.08 (+0.58%) |
| DAX 40 | 25,460.48 | -3.53 |
| CAC 40 | 8,487.33 | — |
| Euro Stoxx 50 | 6,248.84 | -40.67 (-0.65%)* |
*Previous close data
Session II Outlook
GIFT NIFTY is currently navigating a narrow range in early Session II trade, with the index hovering around 24,312.5 as of 16:45 IST. European markets will remain open until approximately 21:00-21:30 IST, potentially influencing GIFT NIFTY direction through the middle portion of the overnight session, which runs until 02:45 IST on Thursday.