GIFT NIFTY reopened for Session II at 23,449.50 at 16:35 IST, marking a 34.5-point gap down from the Session I close of 23,484.00. The 0.15% dip came as European markets traded mixed through their mid-session, offering no clear directional cue for the evening session.
The index has steadied after the modest gap, trading at 23,460.00 as of 19:10 IST, up 16.5 points or 0.07% from the previous day close of 23,443.50. The day's cumulative range across both sessions spans 23,402.50 to 23,506.00, with GIFT NIFTY now holding near the upper end of that band despite the Session II opening weakness.
| Metric | Level |
|---|---|
| Session I Close | 23,484.00 |
| Session II Open | 23,449.50 |
| Session Gap | -34.5 (-0.15%) |
| Current LTP | 23,460.00 |
| Change vs Previous Day | +16.5 (+0.07%) |
European Markets Offer Mixed Cues
European equities have delivered a scattered performance through the afternoon, with the Euro Stoxx 50 at the centre of the action. The pan-European benchmark has moved between gains and losses, with no sustained momentum in either direction. Available data shows the Euro Stoxx 50 at 6,325.13 in one delayed snapshot, up 0.90% or 56.16 points from a previous close of 6,268.97, though other sources point to intraday softness.
The FTSE 100, DAX, and CAC 40 have been trading since around 13:00 IST, but specific mid-session levels for these indices remain unavailable in real-time. The Euro Stoxx 50's recent session saw the index open at 6,291.52, reflecting a cautious start to the week for European stocks. Earlier in the week, the Stoxx 50 fell 0.5% and the broader Stoxx 600 also declined, contributing to what some market data described as a sharp weekly loss for European equities.
The lack of a strong European trend has left GIFT NIFTY without a clear external anchor for Session II. The index's ability to recover from the opening gap and hold above 23,450.00 suggests domestic positioning and carry-over flows are playing a role, rather than any fresh momentum from overseas markets.
Session II Outlook
GIFT NIFTY is trading at 23,460.00, 10.5 points above the Session II open and roughly flat on the day. Session II runs until 02:45 IST, with European markets due to close around 21:00-22:00 IST. Further moves will depend on whether European indices find direction in their final hours and any late macro headlines. The day's high of 23,506.00 remains the near-term resistance level.