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GIFT NIFTY News

GIFT NIFTY Reopens Flat in Session II at 24,064 as European Markets Rally

GIFT NIFTY opened Session II nearly unchanged at 24,064, down just 1.5 points from Session I close, as European indices traded higher mid-session.

By · · 57d ago

GIFT NIFTY reopened for Session II at 24,064.0 at 16:35 IST on June 26, marking a negligible gap of 1.5 points or 0.01% lower from the Session I close of 24,065.5. The index opened marginally below the previous day's close of 24,096.5 and traded 13.5 points or 0.06% down on a full-day basis as of 19:09 IST.

The flat Session II open came after GIFT NIFTY ended Session I at 24,065.5, having traded in a tight intraday range. The day's cumulative high across both sessions stood at 24,112.0, while the low touched 23,937.5, representing a 174.5-point trading band.

MetricLevel
Session I Close24,065.5
Session II Open24,064.0
Session Gap-1.5 (-0.01%)
Current LTP24,083.0
Change vs Previous Day-13.5 (-0.06%)

European Markets Rally Mid-Session

European equity indices were trading higher mid-session as GIFT NIFTY reopened, providing a supportive backdrop for Session II. The Euro Stoxx 50 gained 0.85% to close at 6,267.53 on June 25, while the broader STOXX Europe 600 rose 0.8% to a record high of 640, according to available market data.

The Euro Stoxx 50, Europe's leading blue-chip index for the Eurozone, had added 52.83 points in its previous session, reflecting strength in supersector leaders across the region. The index provides representation of major European stocks and its advance signaled positive risk sentiment in continental markets.

British, French, and German benchmark indices were also in focus as European trading progressed into the afternoon. The FTSE 100 tracks the 100 largest UK stocks, while the CAC 40 follows the largest and most traded French stocks listed on Euronext Paris. The DAX 40 represents Germany's blue-chip segment.

Session II Outlook

GIFT NIFTY was trading at 24,083.0 as of 19:09 IST, up 18.5 points from the Session II open, indicating modest buying interest in early evening trade. Session II runs until 02:45 AM IST on June 27, and European markets will close during this window around 21:00-22:00 IST, which could influence direction as overnight positioning unfolds.

About the Author

HK
Hareesh K

Finance Research Executive · SEBI Registered

8+ years in equity research and market strategy. Previously at Geojit Financial Services, Muthoot Finance, and Federal Bank.