GIFT NIFTY Reopens Session II at 23,825 Tracking Gains in DAX, FTSE 100

GIFT NIFTY reopened for Session II at 23,825.5 at 16:35 IST on March 18, gapping up 46.5 points or 0.2% from the Session I close of 23,779. The opening candle ranged between 23,814 and 23,834 before settling at 23,833.5, reflecting modest appetite after a choppy Session I.

The marginal gap-up extended GIFT NIFTY's recovery from the day's opening level of 23,579, though the index remained 55 points or 0.23% below the previous day's close of 23,800. Session II trades into European afternoon hours, with global cues from FTSE 100, DAX, and CAC 40 guiding direction ahead of the Wall Street open.

European Markets Rally Into Mid-Session

European bourses provided a constructive backdrop, with the DAX climbing 193.65 points or 0.82% to 23,924.57 by mid-afternoon, according to live market data. The Frankfurt benchmark extended gains from Tuesday's close of 23,730.92, underpinning risk appetite across the region.

London's FTSE 100 advanced 30.60 points or 0.29% to 10,434.20, building on an earlier intraday high of 10,441.41. The index traded firmly above the 10,400 mark, having opened at 10,403.60 with a gain of 85.91 points. Paris markets showed strength as well, with the CAC 40 rising 1.04% to 8,057.56, outpacing its European peers.

The Euro Stoxx 50, Europe's leading blue-chip gauge for the Eurozone, added 0.53% to close at 5,769.25, marking its third consecutive session of gains. The regional rally suggested improving sentiment across supersector leaders, though details on specific sector drivers remained limited in available data.

Session II Range and Outlook

GIFT NIFTY traded at 23,745 as of 19:10 IST, having touched a day high of 23,867 earlier in the combined sessions. The index held above the 23,700 level in early Session II trade, with European markets still active and Wall Street futures awaited. Session II runs until 02:45 AM IST, with European bourses closing around 21:00-22:00 IST potentially bringing fresh volatility.