GIFT NIFTY reopened for Session II at 23,620 at 16:35 IST on May 20, posting a modest gap up of 35.5 points or 0.15% from the Session I close of 23,584.5. The futures contract climbed immediately after the opening bell, touching 23,653 in the first five minutes before settling at 23,651.5 by the close of the 16:35 candle.
The narrow session gap reflected a cautious start to the evening session, with GIFT NIFTY trading marginally above the previous day's close of 23,645. The day's cumulative range across both sessions stood at 23,371.5 to 23,696.5, with the contract now at 23,664 as of 19:09 IST, up 19 points or 0.08% from the previous day's settlement.
| Metric | Level |
|---|---|
| Session I Close (15:35) | 23,584.5 |
| Session II Open (16:35) | 23,620.0 |
| Session Gap | +35.5 (+0.15%) |
| Current LTP (19:09) | 23,664.0 |
| Change vs Previous Day | +19.0 (+0.08%) |
Mixed European Cues Dominate Session II Open
European equity markets traded mixed in mid-session as GIFT NIFTY reopened, offering limited directional clarity. The FTSE 100 slipped 0.15% to 10,315.17 as of 9:44 AM GMT+1, down 15.38 points from the prior close. The DAX 40 advanced 0.86% to 24,518.06, gaining 210.14 points, while the CAC 40 rose 0.35% to 8,015.77, adding 28.28 points.
The Euro Stoxx 50 edged higher by 0.04% to 5,851.16 at the close of European trading on May 19, adding 2.16 points. Updated intraday data for the index on May 20 remained limited in the search results, though the broader divergence between London and continental bourses suggested sector rotation and regional macro factors at play.
Trading volumes on the FTSE 100 stood at 43.32 million shares as of the mid-session update, reflecting moderate activity levels. No sector-specific drivers or macro catalysts were detailed in the available European market data, leaving the mixed performance unexplained in terms of specific triggers.
GIFT NIFTY Outlook for Session II
GIFT NIFTY is currently trading at 23,664, up 79.5 points from the Session II open and holding above both the Session I close and the previous day's settlement. Session II runs until 02:45 AM IST on May 21, and European markets will close around 9-10 PM IST, which could bring volatility depending on late-session moves in London and continental exchanges. The contract has stayed within a 38-point range since the 16:35 open, with the first three candles registering highs of 23,653, 23,658, and 23,653.