GIFT NIFTY reopened for Session II at 24,105.0 at 16:35 IST on Tuesday, a near-flat gap of just 1.5 points (0.01%) above the Session I close of 24,103.5. The opening candle tested 24,119.0 in the first minutes before settling at 24,112.5, signaling a cautious start to the evening session.
The negligible gap reflected muted sentiment heading into the session, with GIFT NIFTY trading 21.5 points (0.09%) above the previous day's close of 24,090.0. The day's cumulative range across both sessions spanned 24,068.0 to 24,221.5, with Session I having opened at 24,195.0 in the morning.
| Metric | Level |
|---|---|
| Session I Close | 24,103.5 |
| Session II Open | 24,105.0 |
| Session Gap | +1.5 (+0.01%) |
| Current LTP | 24,111.5 |
| Change vs Prev Close | +21.5 (+0.09%) |
European Markets Drift Lower Mid-Session
European indices traded in negative territory during the afternoon session, providing a subdued backdrop for GIFT NIFTY's reopening. The Euro Stoxx 50 declined 0.95% to close at 6,468.17, down 62.28 points from the previous session's close of 6,530.45, according to data at the market close.
Among major European bourses, the CAC 40 fell 0.82% to 8,509.36, losing 70.24 points from 8,578.10. The DAX 40 slipped 0.80% to 26,128.36, while the FTSE 100 was quoted at 10,730.10 during the session. The broad Stoxx Europe 600 index declined 0.6% to 652, with sovereign bond yields rising sharply across Europe's largest economies.
The CAC 40 had shown brief strength earlier, with some data feeds indicating intraday levels around 8,536.02 and 8,540.50 with modest gains of 0.28% to 0.37%, but the index ultimately closed in negative territory. The Euro Stoxx 50's supersector leaders faced pressure, with constituent stocks including Philips, BASF, Bayer, and Allianz all posting mixed results on the day.
| Index | Level | Change |
|---|---|---|
| Euro Stoxx 50 | 6,468.17 | -62.28 (-0.95%) |
| CAC 40 | 8,509.36 | -70.24 (-0.82%) |
| DAX 40 | 26,128.36 | -0.80% |
| FTSE 100 | 10,730.10 | — |
Session II Range Emerges
By 19:10 IST, GIFT NIFTY was trading at 24,111.5, holding steady in the opening hour of Session II. The early candles showed some volatility, with the 16:40 bar testing 24,122.0 before the 16:45 candle dipped to 24,088.5. With European markets set to close around 21:30-22:00 IST and Session II running until 02:45 IST, further directional cues will depend on how European indices settle and any late macro developments overnight.