GIFT NIFTY reopened for Session II at 23,943.5 at 16:35 IST on Tuesday, marking a slender 24-point gain from the Session I close of 23,919.5. The marginal 0.1% gap reflected cautious sentiment as European bourses showed no clear directional bias in mid-afternoon trade.
The futures contract edged higher into the evening session despite trading 46.5 points or 0.19% below Monday's close of 23,974.5 on a full-day basis. The day's cumulative range stretched from a low of 23,871.0 hit during Session I to a high of 24,016.5, also recorded in the morning session.
European equity markets provided limited directional cues as Session II commenced, with major indices trading in narrow ranges. The Euro Stoxx 50 stood at 6,104.16 in late-afternoon European trade, having closed the previous session at 6,136.66 according to available data. The index opened at 6,130.16 earlier in the day with an intraday low of 6,064.15, reflecting choppy price action across eurozone blue-chips.
The lack of a clear European rally or selloff left GIFT NIFTY trading on a relatively even keel into Session II. Individual constituents of the Euro Stoxx 50 showed mixed performance, with stocks like Allianz trading at €388.90 and Airbus at €169.52 in mid-session, though the broader index struggled for momentum.
| Metric | Level |
|---|---|
| Session I Close | 23,919.5 |
| Session II Open | 23,943.5 |
| Session Gap | +24.0 (+0.1%) |
| Current LTP | 23,928.0 |
| Change vs Prev Close | -46.5 (-0.19%) |
GIFT NIFTY traded at 23,928.0 as of 19:10 IST, retreating marginally from the Session II open as the initial uptick faded. The contract has until 02:45 AM Wednesday to establish its evening range, with European bourses set to close around 21:30-22:00 IST, which could introduce fresh volatility as liquidity thins.