GIFT NIFTY Opens Session II With Marginal Gap Down
GIFT NIFTY reopened for Session II at 24,223.50 at 16:35 IST on July 13, slipping 16.5 points or 0.07% from its Session I close of 24,240.00. The near-flat opening reflected cautious sentiment as European markets traded mixed through their mid-session hours.
The index opened 83 points above its day open of 24,140.50 recorded at the start of Session I at 06:30 IST. Against the previous day's close of 24,218.00, GIFT NIFTY stood marginally higher by 6 points or 0.02% as Session II got underway. The day's trading range spanning both sessions has been 24,012.50 to 24,288.00.
| Metric | Level |
|---|---|
| Session I Close | 24,240.00 |
| Session II Open | 24,223.50 |
| Session Gap | -16.5 (-0.07%) |
| Current LTP | 24,224.00 |
| Change vs Previous Day | +6.0 (+0.02%) |
European Markets Trade in Tight Ranges
European equity indices were trading mixed in mid-session as GIFT NIFTY reopened, offering little directional conviction to global markets. The DAX Index stood at 25,067.09, down 0.20% or 51.18 points from its previous close of 25,118.27. The German benchmark had touched an intraday high of 25,195.83 earlier in the session before paring gains.
France's CAC 40 Index edged up 0.15%, adding 12.35 points to trade at 8,338.97 against a session high of 8,350.83. The UK's FTSE 100 Index held near flat at 10,498.78, gaining a nominal 1.49 points or 0.01% in lacklustre trading. The broader Euro Stoxx 50 declined 0.23%, shedding 14.30 points to close at 6,269.97 at 18:00 CET.
The subdued moves across European bourses reflected a lack of fresh catalysts, with major indices trading in narrow bands. No significant sector trends or macroeconomic drivers emerged from the available market data during the European mid-session window.
| Index | Level | Change |
|---|---|---|
| DAX Index | 25,067.09 | -51.18 (-0.20%) |
| CAC 40 Index | 8,338.97 | +12.35 (+0.15%) |
| FTSE 100 Index | 10,498.78 | +1.49 (+0.01%) |
| Euro Stoxx 50 | 6,269.97 | -14.30 (-0.23%) |
Session II Outlook
GIFT NIFTY was trading at 24,224.00 as of 19:10 IST, holding just above its Session II opening level. The index has shown modest recovery from its 16:35 open, with early candles touching 24,253.00 by 16:45 IST. Session II will run until 02:45 AM IST on July 14, with European markets scheduled to close around 21:00-22:00 IST, which could introduce fresh volatility depending on closing momentum in London, Frankfurt and Paris.