GIFT NIFTY reopened for Session II at 22,962.5 at 16:35 IST, gapping up 36 points or 0.16% from the Session I close of 22,926.5. The opening candle saw the index touch a high of 22,988.5 before settling at 22,965.5 in the first five minutes of trading.
The modest gap-up reflected cautious positioning as GIFT NIFTY remained 22.5 points or 0.1% above the previous day's close of 22,929.0. Session I had ended on a weak note, with the final three candles showing sustained selling pressure that dragged the index down from 23,008.5 at 15:25 to the close of 22,926.5.
| Metric | Level |
|---|---|
| Session I Close | 22,926.5 |
| Session II Open | 22,962.5 |
| Gap | +36.0 (+0.16%) |
| Current LTP | 22,951.5 |
| Change vs Prev Close | +22.5 (+0.1%) |
European Markets Trade Mixed Mid-Session
European indices presented a divided picture by mid-afternoon, offering limited directional conviction for GIFT NIFTY's Session II. The FTSE 100 was trading marginally higher at 9,905.72, up 11.57 points or 0.12% as of 10:42 AM GMT, according to delayed quotes. The index had earlier traded lower, showing a 0.24% decline to 9,894.15 before recovering into positive territory.
The CAC 40 outperformed, rising 60.58 points or 0.79% to 7,726.20 at the Paris close of 6:05 PM local time. The French benchmark had erased earlier weakness, turning around from a 2.64% weekly decline. In contrast, the DAX 40 slipped 0.27% to 22,592.02, unable to sustain early buying interest.
The Euro Stoxx 50, representing eurozone blue-chips, showed significant weakness in the most recent available data, down 112.55 points or 2.00% to 5,501.28 at the March 20 close. More recent intraday data suggested the index opened at 5,472.23 and was trading in a wide range between 5,376.81 and 5,683.93, reflecting elevated volatility across European equities.
Session II Range and Outlook
GIFT NIFTY was trading at 22,951.5 as of 19:10 IST, holding near the Session II opening levels despite the early spike to 22,988.5. The day's cumulative range remained wide, with a high of 23,157.5 set during Session I and a low of 22,606.0. With Session II extending until 02:45 AM IST and European markets set to close around 9-10 PM IST, further directional cues could emerge overnight.