Session II Opens Flat After Narrow Session I Close
GIFT NIFTY reopened for Session II at 23,993.5 at 16:35 IST, down a modest 4.5 points or 0.02% from the Session I close of 23,998.0. The opening candle traded in a tight 11-point band between 23,986.0 and 23,997.0 before settling at 23,991.5, signalling muted momentum heading into the evening session.
The contract is currently trading at 23,948.5, up 16 points or 0.07% from the previous day's close of 23,932.5. The day's intraday range has stretched from a low of 23,906.0 to a high of 24,129.0 across both sessions, with Session I having opened at 24,111.5 in the morning.
| GIFT NIFTY Session II Snapshot | Level | Change |
|---|---|---|
| Session I Close (15:35) | 23,998.0 | — |
| Session II Open (16:35) | 23,993.5 | -4.5 (-0.02%) |
| Current LTP (19:10 IST) | 23,948.5 | — |
| Change vs Previous Day Close | — | +16.0 (+0.07%) |
| Day Range (Both Sessions) | 23,906.0 - 24,129.0 | — |
European Markets Trade in Narrow Range
European equities were grinding sideways in mid-session as GIFT NIFTY reopened, offering little directional conviction. The FTSE 100 edged up 9.28 points or 0.09% to 10,765.73, while the DAX gained 79.19 points or 0.31% to 25,918.52. The CAC 40 slipped 3.88 points or 0.05% to 8,276.75, reflecting mixed sentiment across the region.
Other data showed the DAX trading at 25,837.59, down 5.75 points, and the CAC 40 at 8,276.53, down 0.30%, highlighting choppy intraday action. The FTSE 100 was also reported at 10,772.15, up 15.70 points or 0.15%, as London stocks held modest gains. The Euro Stoxx 50 traded at 6,370.22, up 8.07 points or 0.13%, extending a year-to-date return of 18.29%.
The broader Stoxx Europe 600 dropped 0.2% to 646, while the Euro Stoxx 50 fell 0.1% to 6,363 in separate readings. Renewed fighting in the Middle East continued to exert upward pressure on risk sentiment, though European indices remained range-bound without a clear catalyst. The divergence in real-time data reflected fragmented liquidity and cautious positioning ahead of the US session.
| European Indices | Level | Change |
|---|---|---|
| FTSE 100 | 10,765.73 | +9.28 (+0.09%) |
| DAX | 25,918.52 | +79.19 (+0.31%) |
| CAC 40 | 8,276.75 | -3.88 (-0.05%) |
| Euro Stoxx 50 | 6,370.22 | +8.07 (+0.13%) |
Session II Outlook
GIFT NIFTY is trading 45 points below its Session II open as the evening session progresses. With European bourses set to close around 21:00-22:00 IST and Session II running until 02:45 IST, further price discovery will depend on late European flows and any overnight developments from Asia-Pacific markets.