GIFT NIFTY reopened for Session II at 24,557 at 16:35 IST, posting a marginal gap of 11 points or 0.04% above the Session I close of 24,546. The futures contract has since extended gains, trading at 24,599 as of 19:10 IST, up 24 points or 0.1% from the previous day's close of 24,575.
The near-flat session gap reflects a cautious start to evening trade, though GIFT NIFTY has picked up momentum in the initial hours of Session II. The contract touched a day high of 24,624 across both sessions, while the day low of 24,355 was recorded during Session I.
| Metric | Level |
|---|---|
| Session I Close | 24,546.0 |
| Session II Open | 24,557.0 |
| Session Gap | +11.0 (+0.04%) |
| Current LTP | 24,599.0 |
| Change vs Prev Close | +24.0 (+0.1%) |
| Day High | 24,624.5 |
| Day Low | 24,355.0 |
European Markets Trade Higher Mid-Session
European indices are providing a constructive backdrop for GIFT NIFTY's Session II trade, with major bourses posting gains in mid-session. The DAX is trading higher at 24,564, up 146 points or 0.60%, according to available market data. The FTSE 100 has added 13 points or 0.13% to trade at 10,622, while the CAC 40 is up 0.22% at 8,349.
The broad-based Euro Stoxx 50 index has also registered gains, with recent data showing the index at 5,983. European markets opened approximately three hours before GIFT NIFTY's Session II commenced, and the positive sentiment across London, Frankfurt and Paris appears to be influencing futures trade for Indian indices.
The modest upward bias in European equities has translated into a firmer tone for GIFT NIFTY during the early part of Session II. The contract climbed from the opening level of 24,557 to 24,599 in the first two and a half hours of evening trade, suggesting participants are tracking the European rally.
| Index | Level | Change |
|---|---|---|
| DAX | 24,564 | +146 (+0.60%) |
| FTSE 100 | 10,622 | +13 (+0.13%) |
| CAC 40 | 8,349 | +0.22% |
| Euro Stoxx 50 | 5,983 | — |
Session II Outlook
GIFT NIFTY is currently holding above both the Session I close and the day's opening level of 24,443 recorded at 06:30 IST. Session II will continue until 02:45 IST, with European markets scheduled to close around 21:00-22:00 IST, which could bring further directional cues as the evening progresses.