GIFT NIFTY reopened for Session II at 24,308.5 at 16:35 IST on April 17, posting a minimal gap of 16 points (0.07%) above the Session I close of 24,292.5. The index opened nearly flat, reflecting muted cues from European markets which were trading modestly higher in mid-session.
The Session II gap was negligible, with GIFT NIFTY effectively continuing where it left off after the 15:40 IST Session I close. The index is trading marginally below the previous day's close of 24,420.0, down 17 points (0.07%) on a full-day basis. The day's range spans 24,084.0 to 24,420.0 across both sessions, with the opening phase of Session II seeing a tight band between 24,306.5 and 24,330.0 in the first 15 minutes.
| Metric | Level |
|---|---|
| Session I Close | 24,292.5 |
| Session II Open | 24,308.5 |
| Session Gap | +16.0 (+0.07%) |
| Last Traded Price (19:10 IST) | 24,403.0 |
| Change vs Previous Day Close | -17.0 (-0.07%) |
European Markets Trade Higher in Mid-Session
European equity indices were trading in positive territory as GIFT NIFTY Session II commenced, providing a modestly supportive backdrop. The DAX in Germany was up 0.70%, trading at 24,322.48, adding 168 points, according to breaking market data. France's CAC 40 was higher by 0.45%, at 8,299.80, gaining 37 points on the session.
The FTSE 100 in London showed mixed signals, with data points ranging from marginal losses of 0.07% to 0.11% depending on the timestamp, trading in the 10,569 to 10,584 range. The Euro Stoxx 50, the blue-chip barometer for the Eurozone, was down 0.12% at 5,933.28 at the 6:00 PM GMT+2 close, shedding 7 points.
The divergence across European bourses — with the DAX and CAC 40 in the green and the FTSE 100 and Euro Stoxx 50 marginally softer — pointed to selective gains rather than a broad-based rally. Sector-specific drivers were not detailed in available data, leaving the picture one of cautious optimism rather than conviction.
| Index | Level | Change |
|---|---|---|
| DAX (Germany) | 24,322.48 | +168.01 (+0.70%) |
| CAC 40 (France) | 8,299.80 | +37.10 (+0.45%) |
| FTSE 100 (UK) | 10,584.32 | -5.67 (-0.05%) |
| Euro Stoxx 50 | 5,933.28 | -7.06 (-0.12%) |
GIFT NIFTY Outlook
GIFT NIFTY is currently trading at 24,403.0 as of 19:10 IST, up 94.5 points from the Session II open and comfortably above the Session I close. The index has room to extend gains or consolidate through the Session II close at 02:45 AM IST, with European markets set to shut around 9:00-10:00 PM IST, potentially shifting the tone in the latter half of the overnight session.