GIFT NIFTY reopened for Session II at 24,201 at 16:35 IST on June 25, marking a marginal gap down of 13 points or 0.05% from the Session I close of 24,214. The index quickly turned lower in early Session II trade, shedding over 100 points to trade at 24,103 by 19:10 IST.
The near-flat session gap masked underlying weakness that emerged within the first three five-minute bars. GIFT NIFTY slipped to 24,123.5 by 16:45, losing nearly 90 points from the Session II open. The index was trading 12 points or 0.05% below the previous day's close of 24,115, having touched a day high of 24,288 during Session I.
| Metric | Level |
|---|---|
| Session I Close (15:35) | 24,214.0 |
| Session II Open (16:35) | 24,201.0 |
| Session Gap | -13.0 (-0.05%) |
| Current LTP (19:10 IST) | 24,103.0 |
| Change vs Previous Day | -12.0 (-0.05%) |
| Day High | 24,288.0 |
| Day Low | 24,072.5 |
European Markets Show Divergent Moves Mid-Session
European indices traded mixed through the afternoon, providing uncertain cues for GIFT NIFTY's Session II open. The Euro Stoxx 50 closed at 6,214.70 on June 24, down 15.85 points or 0.25%, according to delayed quotes. European stocks had advanced earlier in the week, with the STOXX 50 gaining 0.6% and the STOXX 600 rising 0.4% on Thursday, rebounding from two consecutive sessions of losses.
The CAC 40 showed resilience among major benchmarks, though specific intraday levels for June 25 remained unavailable in market data. The FTSE 100 was trading at 10,485.46 as of 10:43 AM GMT+1, up 23.83 points or 0.23% in delayed quotes. The DAX 40 stood at 24,740.36, down 153.22 points or 0.62%, reflecting Germany's underperformance relative to London.
The divergence between London's modest gains and Frankfurt's decline left GIFT NIFTY without a clear directional lead from Europe. With no unified trend emerging from the FTSE 100, DAX 40, and CAC 40, the Indian index future drifted lower on its own technical momentum after the session gap.
GIFT NIFTY Outlook Through Session II
GIFT NIFTY is trading 98 points below its Session II open with over seven hours remaining until the 02:45 AM IST close. European markets will shut around 21:00-22:00 IST, potentially removing a key driver for the remainder of the overnight session. The index is holding above its day low of 24,072.5 set during Session I, with immediate support at the 24,100 level now in focus.