GIFT NIFTY reopened for Session II at 24,289 at 16:35 IST on Thursday, slipping 18 points or 0.07% from the Session I close of 24,307. The near-flat gap reflected muted momentum as the derivative contract tracked mixed signals from European markets, which had been trading for over three hours by the time Session II began.
The opening 5-minute candle saw GIFT NIFTY trade in a narrow 7.5-point range between 24,282.5 and 24,290, closing at 24,284.5. The index was last quoted at 24,288.5 as of 19:10 IST, virtually unchanged from the previous day's close of 24,286 with a marginal gain of 2.5 points or 0.01%. The day's cumulative range across both sessions spanned 98.5 points from a low of 24,259 to a high of 24,357.5.
| Metric | Level |
|---|---|
| Session I Close (15:35) | 24,307.0 |
| Session II Open (16:35) | 24,289.0 |
| Session Gap | -18.0 (-0.07%) |
| Last Traded Price | 24,288.5 |
| Change vs Previous Day | +2.5 (+0.01%) |
European Markets Trade Mixed Mid-Session
European equity markets delivered divergent performances by mid-afternoon, providing little directional conviction for Session II participants. Germany's DAX 40 advanced 0.25% to 26,046.72, adding 63.68 points, while France's CAC 40 edged up 0.10% to 8,461.69, gaining 8.60 points. The moves suggested modest risk appetite among continental investors.
The broader Euro Stoxx 50 index, however, painted a different picture. The eurozone benchmark closed Wednesday at 6,422.06, down 22.40 points or 0.35%, and was trading lower at 6,432 during Thursday's session with a 0.2% decline reported. The index fell 0.81% in one reading to €650.35, reflecting pressure on eurozone supersector leaders despite the German and French benchmarks holding modest gains.
Britain's FTSE 100 closed Wednesday at lower levels around 10,871, though live intraday data for Thursday's session remained limited in available market feeds. The index has a market capitalization of $3.73 trillion, lagging the Euro Stoxx 50's €4.01 trillion and the DAX's $2.54 trillion.
| Index | Level | Change |
|---|---|---|
| DAX 40 | 26,046.72 | +63.68 (+0.25%) |
| CAC 40 | 8,461.69 | +8.60 (+0.10%) |
| Euro Stoxx 50 | 6,432 | -0.2% (intraday) |
Session II Outlook
GIFT NIFTY is trading in a tight range early in Session II with the index holding near 24,290 after the marginal opening gap down. European markets will continue trading until around 21:00-21:30 IST, potentially influencing the contract's direction through the evening session before their close. Session II runs until 02:45 IST Friday morning, leaving ample time for shifts in sentiment as overnight global cues develop.