GIFT NIFTY reopened for Session II at 24,140 at 16:35 IST on April 16, posting a flat gap of 8.5 points (0.04%) from the Session I close of 24,131.50. The opening candle swung between 24,126.50 and 24,152 before settling at 24,148.50, with the index trading at 24,133.50 as of 19:10 IST.
The near-flat reopening extends the broader weakness seen across the full trading day. GIFT NIFTY opened Session I at 24,370 in the early morning but drifted 37.5 points (0.16%) below the previous day's close of 24,171 by the time Session II commenced. The day's cumulative range spans 290 points between a high of 24,392.50 and a low of 24,102.50.
| Metric | Level |
|---|---|
| Session I Close | 24,131.50 |
| Session II Open | 24,140.00 |
| Session Gap | +8.5 (+0.04%) |
| Current LTP | 24,133.50 |
| Change vs Prev Close | -37.5 (-0.16%) |
| Day High | 24,392.50 |
| Day Low | 24,102.50 |
European Markets Trade Higher Mid-Session
European bourses provided mildly supportive cues to the GIFT NIFTY Session II open, with major indices trading in positive territory by mid-afternoon local time. The DAX advanced 0.20% to 24,114.95 points, while France's CAC 40 climbed 0.35% to 8,303.51 points, according to market data. London's FTSE 100 edged up 0.13% to 10,572.85 points.
The broader EURO STOXX 50 index gained 0.32% to 5,959.25 points as of 11:05 AM GMT+2, reflecting steady sentiment across the eurozone bloc. The index tracks 50 large-cap stocks from 12 eurozone countries including Germany, France, Italy and the Netherlands.
Data showed another European index snapshot with the CAC 40 up 0.36% at 8,304.03 and the FTSE 100 rising 0.18% to 10,578.63, suggesting consistent gains across the afternoon session. The DAX was quoted at 24,066.70 in one dataset, up 0.09%, while other feeds showed marginal variations reflecting intraday volatility.
| Index | Level | Change |
|---|---|---|
| DAX | 24,114.95 | +0.20% |
| CAC 40 | 8,303.51 | +0.35% |
| FTSE 100 | 10,572.85 | +0.13% |
| EURO STOXX 50 | 5,959.25 | +0.32% |
Session II Range Expands Early
GIFT NIFTY extended its intraday range in the opening minutes of Session II, with the first three 5-minute candles pushing as high as 24,165.50 by 16:40 IST before consolidating near 24,159. The modest uptick suggests traders are weighing the European strength against the underlying weakness that pulled the index lower through the Asian and Indian cash market hours. Session II runs until 02:45 AM IST, and European markets will close around 21:00-22:00 IST, potentially bringing fresh directional cues overnight.