GIFT NIFTY Opens Session II With Narrow Gap
GIFT NIFTY reopened for Session II at 23,706 on Monday evening, edging down 13.5 points or 0.06% from its Session I close of 23,719.5. The near-flat session gap reflected a tentative start to the evening session as European markets traded mixed through their mid-session phase.
The index remained under pressure through the opening minutes of Session II, slipping to 23,691.5 by 7:10 PM IST. That marked a cumulative decline of 22 points or 0.09% from the previous day's close of 23,713.5, with the day's range spanning from a Session I high of 23,822 to a low of 23,680.
| Metric | Level |
|---|---|
| Session I Close | 23,719.5 |
| Session II Open | 23,706.0 |
| Session Gap | -13.5 (-0.06%) |
| Current LTP | 23,691.5 |
| Change vs Prev Close | -22.0 (-0.09%) |
| Day High/Low | 23,822.0 / 23,680.0 |
European Markets Trade Mixed Through Mid-Session
European equities showed no clear direction by the time GIFT NIFTY's Session II commenced, with the continent's major benchmarks split. The DAX 40 slipped 157.29 points or 0.60% to 25,849.24, while the CAC 40 dropped 35.99 points or 0.43% to 8,270.16, according to data available at mid-session.
The FTSE 100 bucked the trend with a marginal decline of 8.96 points or 0.08% to 10,822.13. The Euro Stoxx 50, Europe's broader benchmark tracking Eurozone supersector leaders, fell 28.66 points or 0.45% to 6,375.33 as of 9:40 AM GMT+2. Other data points showed the index fluctuating in a tight band, with levels reported between 6,380 and 6,399 during the European trading session.
The divergent moves across European bourses reflected a lack of strong directional conviction, with no single macro catalyst dominating headlines at mid-session. The STOXX Europe 600 traded largely unchanged at 649.8, underscoring the choppy conditions.
Session II Outlook
GIFT NIFTY's early Session II trade remained range-bound, with the index hovering near the 23,690-23,710 zone through the first 90 minutes. Session II runs until 02:45 AM IST, with European markets scheduled to close around 9-10 PM IST, which could bring fresh directional cues or volatility as liquidity thins later in the evening.