GIFT NIFTY reopened for Session II at 22,606.0 at 16:35 IST, posting a marginal gap of 17.5 points (0.08%) above Session I's close of 22,588.5. The opening candle traded in a tight 13-point range between 22,602.5 and 22,615.5, settling at 22,607.0 after the first five minutes.
The near-flat session gap came as GIFT NIFTY remained 40.5 points (0.18%) below the previous day's close of 22,592.0. By 19:10 IST, the index was trading at 22,551.5, pulling back from the Session II open as early volatility emerged. The day's cumulative range across both sessions stood at 22,893.5 on the high and 22,529.5 on the low, with Session I having opened at 22,776.5 at 06:30 IST.
European Markets Show Mixed Performance
European indices were trading with no clear direction by the time GIFT NIFTY's Session II commenced. The DAX 40 was last seen at 25,264.99, down 0.73%, while separate data showed the index at 25,449.19, up 0.77% or 194.98 points. The FTSE 100 reflected similar divergence — one feed placed it at 10,512.98, down 0.27%, while another showed it at 10,499.04, down 0.40% or 42.65 points.
The CAC 40 was quoted at 7,812.19, down 0.67% or 52.88 points, contrasting with an alternative reading of 7,865.07, up 0.40% or 30.97 points. The Euro Stoxx 50 showed gains, closing at 6,272.23, up 0.48% or 30.09 points at 18:00 GMT+2, according to delayed quotes. A separate source confirmed the Euro Stoxx 50 added 0.5% to 6,274.
The conflicting mid-session data for European indices suggested choppiness across the region, with no dominant trend emerging. The STOXX Europe 600 gained 0.5% to 636.6, pointing to modest strength in the broader pan-European benchmark.
| GIFT NIFTY Session II Snapshot | Level |
|---|---|
| Session I Close (15:35 IST) | 22,588.5 |
| Session II Open (16:35 IST) | 22,606.0 |
| Session Gap | +17.5 (+0.08%) |
| LTP (19:10 IST) | 22,551.5 |
| Change vs Previous Day Close | -40.5 (-0.18%) |
Session II Outlook
GIFT NIFTY's Session II runs until 02:45 AM IST on October 8, with European markets set to close around 21:00-22:00 IST. The marginal opening gap and subsequent drift lower to 22,551.5 suggest cautious positioning, with further direction likely tied to late European trading and any overnight macro developments.