GIFT NIFTY Gaps Higher Into Session II
GIFT NIFTY reopened for Session II at 24,275 at 16:35 IST, marking a gap of 110.5 points or 0.46% above the Session I close of 24,164.5. The index opened firmly in positive territory, extending the recovery seen in late Session I trade.
Despite the positive Session II start, GIFT NIFTY remained marginally below the previous day's close of 24,283, down 6 points or 0.02% on a full-day basis. The day's opening level of 24,373.5 from Session I at 06:30 remained the intraday high, while the low of 24,111 was established earlier in Session I.
| Metric | Level |
|---|---|
| Session I Close | 24,164.5 |
| Session II Open | 24,275.0 |
| Gap | +110.5 (+0.46%) |
| Current LTP | 24,277.0 |
| Change vs Prev Close | -6.0 (-0.02%) |
European Markets Trade Mixed in Mid-Session
European bourses provided a mixed backdrop as GIFT NIFTY reopened, with major indices showing divergent momentum in afternoon trade. The DAX 40 declined 84.51 points or 0.34% to 24,830.98, while the CAC 40 slipped 39.05 points or 0.47% to 8,338.81, according to live market data.
The broader Euro Stoxx 50 index fell 52.74 points or 0.84% to 6,230.87 at its close at 18:00 GMT+2, reflecting weakness across Eurozone blue-chips. The FTSE 100 and other European indices showed marginal gains, with the composite European index data indicating mixed sectoral performance.
The divergence between German and French indices on one side and the broader European complex on the other suggested selective profit-taking rather than broad-based risk aversion. With European markets having traded for over three hours by the time GIFT NIFTY's Session II began, the directional cues remained ambiguous for Asian derivative markets.
Session II Range Establishes Early
GIFT NIFTY traded at 24,277 as of 19:10 IST, holding 2 points above the Session II open and maintaining the positive gap from Session I. The opening 10 minutes saw the index test 24,279 on the upside before dipping to 24,262.5, establishing an initial 16.5-point range.
Session II runs until 02:45 AM IST on July 21, with European markets set to close around 21:00-22:00 IST. Further directional moves in GIFT NIFTY could emerge as European cash markets conclude and overnight positioning develops ahead of Asian market opens.