GIFT NIFTY Gaps Higher Into Session II
GIFT NIFTY reopened for Session II at 24,222.5 at 16:35 IST on April 23, posting a gap-up of 28 points (0.12%) from the Session I close of 24,194.5. The opening candle tested a high of 24,229.5 before pulling back to close at 24,208.0 in the first five minutes of trading.
The modest positive gap contrasts with the index's intraday trajectory. While Session II opened higher, GIFT NIFTY has since drifted lower, trading at 24,155.5 as of 19:09 IST, down 2 points (0.01%) from the previous day's close of 24,157.5. The day's cumulative range across both sessions spans 24,284.5 to 24,101.0, with Session I having opened at 24,279.5 at 06:30 IST.
| GIFT NIFTY Session II Snapshot | Level |
|---|---|
| Session I Close (15:35 IST) | 24,194.5 |
| Session II Open (16:35 IST) | 24,222.5 |
| Session Gap | +28.0 (+0.12%) |
| Current LTP (19:09 IST) | 24,155.5 |
| Change vs Prev Day Close | -2.0 (-0.01%) |
European Markets Trade Mixed Mid-Session
European equities presented a fragmented picture as GIFT NIFTY's Session II commenced, with the major indices showing divergent trajectories after three hours of trading. The FTSE 100 declined 86.52 points to 10,389.94 (down 0.83%) as of 10:20 AM GMT+1, extending losses to 89.86 points in later updates to reach 10,386.60. The London benchmark's weakness contrasts with GIFT NIFTY's modest opening gain.
Germany's DAX 40 traded mixed across different data feeds. The index was reported down 77.89 points (0.32%) at 24,117.01 in one snapshot, but other sources showed a decline of 104.07 points to 24,090.83, suggesting continued volatility. A separate feed indicated the DAX down 89.29 points at 24,105.61, reflecting shifting sentiment through the European afternoon.
France's CAC 40 showed divergent readings, with one source reporting a gain of 32.98 points to 8,189.41, while another indicated the index down 9.89 points at 8,166.32. A third feed showed a modest advance of 0.14% to 8,167.95. The Euro Stoxx 50 declined 16.86 points (0.29%) to 5,889.36 as of 09:55 AM GMT+2, having opened at 5,876.35 against a previous close of 5,906.22.
| European Index | Level | Change |
|---|---|---|
| FTSE 100 | 10,386.60 | -89.86 (-0.83%) |
| DAX 40 | 24,090.83 | -104.07 (-0.43%) |
| CAC 40 | 8,166.32 | -9.89 (-0.12%) |
| Euro Stoxx 50 | 5,889.36 | -16.86 (-0.29%) |
Session II Range Takes Shape
GIFT NIFTY has shown early volatility in Session II, with the opening candle's 25-point range expanding to a 19.5-point decline by the second bar. The index is currently trading below both the Session II open and Session I close, despite the initial gap-up. Session II runs until 02:45 AM IST, with European markets set to close around 21:00-22:00 IST, which could bring further directional moves as London and Frankfurt shutters remove a key driver.