GIFT NIFTY Reopens Session II at 23,988 Tracking Mixed European Cues

GIFT NIFTY reopened for Session II at 23,988 at 16:35 IST, marking a gain of 32.5 points or 0.14% from Session I's closing level of 23,955.5. The index has since edged higher to 24,022 as of 19:09 IST, trading 28 points or 0.12% above the previous day's close of 23,994.

The modest session gap reflects a cautious start to the evening session, with GIFT NIFTY building on Session I's late gains. The day's cumulative range spans from a low of 23,865 to a high of 24,036, with Session II opening near the upper end of that band. European market cues remain the primary driver for this session, which runs until 02:45 AM IST Tuesday morning.

European Markets Trade Mixed Mid-Session

European bourses present a split picture mid-session, with continental indices showing modest gains while London lags. The CAC 40 in Paris has advanced 33.14 points or 0.40% to 8,384.01 at Monday's close, while the FTSE 100 in London slipped 41.10 points or 0.39% to 10,430.62. Germany's DAX registered gains earlier in the session, though specific intraday levels were not immediately available.

The Euro Stoxx 50, Europe's blue-chip benchmark for eurozone stocks, climbed 41.80 points or 0.68% to 6,229.43 at the 18:00 GMT+2 close. The index opened at 6,225.36 and traded in a range between 6,224.76 and 6,294.68 during the session, reflecting steady buying interest in continental European equities.

The divergence between London and continental bourses marks a familiar pattern in recent sessions, with the FTSE 100 weighed down by sector-specific headwinds while eurozone indices benefit from expectations of stable monetary policy and corporate earnings resilience. UK markets face additional pressure from currency fluctuations and sector rotation away from energy and commodity-linked stocks.

Session II Outlook

GIFT NIFTY is trading at 24,022 as Session II progresses, with European markets set to close around 21:00-22:00 IST. Further moves may emerge as European traders react to late-session flows and any macro developments during the evening hours. The index holds above the 24,000 psychological level, with the day's high at 24,036 serving as near-term resistance.