GIFT NIFTY Opens Session II Nearly Unchanged
GIFT NIFTY reopened for Session II at 23,179.50 at 16:35 IST, slipping just 7 points or 0.03% from the Session I close of 23,186.50. The marginal gap reflected cautious positioning as traders assessed mixed signals from European equity markets in their mid-session trade.
The near-flat Session II open kept GIFT NIFTY barely in positive territory for the day, trading 6 points or 0.03% above the previous day's close of 23,173.50. The contract had ranged between a day high of 23,305.50 and day low of 23,058.50 across both sessions, with Session I opening at 23,297 at 06:30 IST.
| GIFT NIFTY Session II Snapshot | Level |
|---|---|
| Session I Close (15:35 IST) | 23,186.50 |
| Session II Open (16:35 IST) | 23,179.50 |
| Session Gap | -7.0 (-0.03%) |
| Last Traded Price | 23,179.50 |
| Change vs Previous Day Close | +6.0 (+0.03%) |
| Day High | 23,305.50 |
| Day Low | 23,058.50 |
European Markets Trade Mixed in Mid-Session
European equity markets presented a divided picture by the time GIFT NIFTY reopened, with German stocks leading gains while London lagged. The DAX climbed 320.17 points or 1.41% to 22,957.08, while France's CAC 40 advanced 102.63 points or 1.33% to 7,846.55. The pan-European STOXX 50 added 1.22% to close at 5,649.33.
The FTSE 100 in London underperformed, trading 72.17 points or 0.71% lower at 10,034.67 in mid-session. The divergence between continental European bourses and the UK benchmark suggested sector-specific drivers were at play, though detailed sector performance data was not available in real-time feeds.
Earlier reports indicated European markets had opened lower amid ongoing Iran peace talks, but continental indices recovered into positive territory as the session progressed. The Euro Stoxx 50 index, representing blue-chip eurozone stocks, traded 68.04 points or 1.22% higher at 5,649.33 by the European close at 18:00 GMT+1.
| European Indices (Mid-Session) | Level | Change |
|---|---|---|
| DAX (Germany) | 22,957.08 | +320.17 (+1.41%) |
| CAC 40 (France) | 7,846.55 | +102.63 (+1.33%) |
| FTSE 100 (UK) | 10,034.67 | -72.17 (-0.71%) |
| Euro Stoxx 50 | 5,649.33 | +68.04 (+1.22%) |
Session II Outlook
GIFT NIFTY traded at 23,179.50 in early Session II action, holding near the reopening level as the contract digested the European market divergence. Session II runs until 02:45 AM IST, with European markets set to close around 21:00-22:00 IST, which could bring fresh directional cues as liquidity thins in the final hours.