GIFT NIFTY Session II Open
GIFT NIFTY reopened for Session II at 24,489.5 at 16:35 IST on July 7, posting a marginal gap of 3.5 points (0.01%) from the Session I close of 24,486.0. The near-flat opening reflected a lack of strong directional cues as European markets traded mixed through the mid-afternoon session.
The index held in a narrow band immediately after the Session II bell, with the opening five-minute candle marking a high of 24,495.0 and a low of 24,488.0. For the full trading day, GIFT NIFTY was up 17.0 points (0.07%) from the previous day close of 24,383.5, with the day's cumulative range spanning from 24,383.0 to 24,594.0 across both sessions.
| Metric | Level |
|---|---|
| Session I Close (15:35 IST) | 24,486.0 |
| Session II Open (16:35 IST) | 24,489.5 |
| Session Gap | +3.5 (0.01%) |
| Current LTP (19:09 IST) | 24,400.5 |
| Change vs Previous Day Close | +17.0 (0.07%) |
European Markets Show Divergent Moves
European equity indices traded without clear direction during the mid-session hours as GIFT NIFTY reopened. The FTSE 100 gained 0.50% to reach 10,704.77, leading the advance among major European benchmarks and providing modest support for risk sentiment. The index's outperformance stood in contrast to continental European bourses.
Germany's DAX slipped 0.40% to 25,714.04, while France's CAC 40 posted a modest gain of 0.41% to 8,514.90. The divergence among the three major indices left European markets without a cohesive narrative as Session II trading commenced in GIFT NIFTY.
The Euro Stoxx 50, representing blue-chip Eurozone stocks, edged down 0.20% to 6,385.50 by mid-session, reflecting the mixed tone across the region. The broader STOXX Europe 600 fell 0.40% to 650, dragged lower by declines in consumer and luxury goods stocks. Anheuser Busch InBev sank 4.0% and L'Oreal dropped over 1.0%, setting the pace for sectoral weakness.
| European Index | Level | Change |
|---|---|---|
| FTSE 100 | 10,704.77 | +0.50% |
| DAX | 25,714.04 | -0.40% |
| CAC 40 | 8,514.90 | +0.41% |
| Euro Stoxx 50 | 6,385.50 | -0.20% |
| STOXX Europe 600 | 650.00 | -0.40% |
Session II Range and Outlook
GIFT NIFTY traded at 24,400.5 as of 19:09 IST, down 89.0 points from the Session II open and below the Session I close. The early Session II range has remained contained, with the index yet to breach the day's established high of 24,594.0 or test fresh lows below 24,383.0. European markets will close around 21:30-22:00 IST, which could bring further volatility to the overnight GIFT NIFTY session running until 02:45 IST.