Session II Opening
GIFT NIFTY reopened for Session II at 23,486.5, down 31.5 points or 0.13% from the Session I close of 23,518.0. The index gapped marginally lower at the 16:35 IST restart, reflecting softer sentiment as European indices slipped into negative territory during their mid-session trading.
The contract has since extended losses, trading at 23,413.5 as of 19:10 IST, down 11.0 points or 0.05% from the previous day's close of 23,424.5. The day's high of 23,789.0 was hit during Session I, while the low of 23,370.5 marks the weakest level across both sessions.
| Metric | Level | Change |
|---|---|---|
| Session I Close | 23,518.0 | — |
| Session II Open | 23,486.5 | -31.5 (-0.13%) |
| Current LTP | 23,413.5 | -11.0 (-0.05%) |
| Day High | 23,789.0 | — |
| Day Low | 23,370.5 | — |
European Market Cues
European indices turned lower during mid-session trading, providing a bearish backdrop for GIFT NIFTY's Session II restart. The DAX slipped 0.82% to 24,150.92, down 199.36 points, while the FTSE 100 fell 0.54% to 10,213.77, losing 55.66 points. The CAC 40 declined 0.69%, shedding 56.19 points.
The Euro Stoxx 50, Europe's blue-chip benchmark for the Eurozone, closed down 0.27% at 5,895.45, losing 16.08 points. The index had previously shown resilience during morning trading but rolled over as the session progressed, weighing on broader European sentiment.
Market data providers showed the FTSE 100 at 10,223.51 in some delayed quotes, reflecting intraday volatility as European bourses digested overnight U.S.-Iran tensions that continued to simmer in global markets. The DAX's performance was particularly weak, with the German benchmark sliding 0.85% to 24,143.85 in concurrent data feeds, marking one of the sharper declines among major European indices.
| Index | Level | Change |
|---|---|---|
| DAX | 24,150.92 | -199.36 (-0.82%) |
| FTSE 100 | 10,213.77 | -55.66 (-0.54%) |
| Euro Stoxx 50 | 5,895.45 | -16.08 (-0.27%) |
Session II Outlook
GIFT NIFTY's early Session II range has been contained between 23,488.0 and 23,453.5 in the opening minutes, with the contract trading 73 points below the day's high. European markets will close around 21:30-22:00 IST, potentially bringing fresh directional cues as Session II progresses toward its 02:45 IST close.