Session II Opens With 28-Point Gap
GIFT NIFTY reopened for Session II at 22,605 at 16:35 IST on October 09, gapping up 28 points or 0.12% from the Session I close of 22,577. The opening candle touched a high of 22,634.5 before settling at 22,629.5 in the first five minutes, signaling a cautious positive start to the evening session.
The modest gap came despite GIFT NIFTY trading 15.5 points or 0.07% below the previous day's close of 22,602.5 on a cumulative basis. The day's range spanning both sessions stood at 22,326.5 to 22,661.0, with Session I having opened at 22,389 earlier in the morning.
| Metric | Level |
|---|---|
| Session I Close | 22,577.0 |
| Session II Open | 22,605.0 |
| Session Gap | +28.0 (+0.12%) |
| Current LTP | 22,587.0 |
| Change vs Prev Close | -15.5 (-0.07%) |
European Markets Provide Mixed Cues
European indices were trading on divergent paths by mid-session, offering limited directional clarity for GIFT NIFTY's evening trajectory. The FTSE 100 was showing gains of 80.44 points or 0.77% to trade at 10,522.04, while the CAC 40 advanced 67.87 points or 0.88% to 7,797.56, according to real-time market data. The German DAX, however, was under pressure, down 297.39 points or 1.18% at 24,806.97.
The Euro Stoxx 50, Europe's benchmark blue-chip index covering Eurozone supersector leaders, declined 53.56 points or 0.87% to close at 6,126.73 at 18:00 GMT+2 (21:30 IST). The index had touched four-month lows earlier in the session before paring some losses, reflecting continued volatility in European equity markets.
The split performance across major European bourses suggested sector-specific moves rather than broad risk sentiment shifts. London and Paris were registering modest advances while Frankfurt faced selling pressure, creating a mixed backdrop for GIFT NIFTY's Session II price action.
Session II Range Develops
As of 19:10 IST, GIFT NIFTY was trading at 22,587, having touched a Session II high of 22,659 in the 16:45 candle. The evening session runs until 02:45 IST, with European markets scheduled to close around 21:00-21:30 IST, which could introduce fresh volatility as global liquidity thins and overnight positioning takes hold.