GIFT NIFTY Gaps Down 43.5 Points Into Session II
GIFT NIFTY reopened for Session II at 24,380 at 16:35 IST on May 07, 2026, marking a gap down of 43.5 points or 0.18% from the Session I close of 24,423.5. The index opened softer and continued to drift lower in early Session II trade, with the last traded price at 24,377.5 as of 19:10 IST.
The gap down extends GIFT NIFTY's intraday weakness, with the index now trading 138 points or 0.56% below the day's opening level of 24,515.5 recorded during Session I at 06:30 IST. Against the previous day's close of 24,380, GIFT NIFTY is trading marginally lower by just 2.5 points or 0.01%, indicating consolidation around yesterday's settlement levels.
| Metric | Level |
|---|---|
| Session I Close (15:35 IST) | 24,423.50 |
| Session II Open (16:35 IST) | 24,380.00 |
| Session Gap | -43.50 (-0.18%) |
| Current LTP (19:10 IST) | 24,377.50 |
| Change vs Previous Day Close | -2.50 (-0.01%) |
| Day High (Both Sessions) | 24,531.50 |
| Day Low (Both Sessions) | 24,301.00 |
European Markets Show Mixed Performance Mid-Session
European indices were trading mixed in mid-session as GIFT NIFTY reopened, offering muted directional cues. The FTSE 100 was last reported trading at 10,364.87, down 0.71%, while the DAX stood at 24,882.28, declining 0.15%. The CAC 40 index was marginally lower at 8,292.16, down 0.09%.
Earlier market data showed the FTSE 100 at 10,372.04 as of 06:44 AM GMT, up 0.64%, and the CAC 40 at 8,293.27, up 0.07%, suggesting European markets have oscillated through the session without establishing a clear trend. The DAX was reported at 24,912.14, down just 0.03%, reflecting narrow trading ranges across major European bourses.
The Euro Stoxx 50 index, representing blue-chip stocks across the Eurozone, closed the previous session at 6,027.13 on May 06, gaining 157.50 points or 2.68%. However, current session data for the Euro Stoxx 50 was not immediately available in the mid-session window as Session II commenced.
GIFT NIFTY Tests Lower End of Session II Range
In early Session II trade, GIFT NIFTY has tested a low of 24,360 in the 16:45 IST candle, down from the session opening level of 24,380. The index is trading closer to the day's low of 24,301 than the day's high of 24,531.50, both recorded during Session I. With Session II running until 02:45 AM IST on May 08 and European markets set to close around 21:00-22:00 IST, further directional moves could emerge as European trading concludes and overnight sentiment takes hold.