GIFT NIFTY Session II Opens With Marginal Gap
GIFT NIFTY reopened for Session II at 24,470.50 at 16:35 IST on July 31, slipping 9.5 points or 0.04% from the Session I close of 24,480. The index opened nearly flat despite firmer cues from European markets, which have been trading higher through the afternoon.
The marginal gap lower marks a subdued start to the evening session. For the day overall, GIFT NIFTY is trading 11.5 points or 0.05% above the previous day's close of 24,448, with the day's range spanning 24,365.50 to 24,490.50 across both sessions combined.
| Metric | Level |
|---|---|
| Session I Close | 24,480.0 |
| Session II Open | 24,470.5 |
| Session Gap | -9.5 (-0.04%) |
| Current LTP | 24,459.5 |
| Change vs Previous Day | +11.5 (+0.05%) |
European Markets Trade in Positive Territory
European indices have been trending higher through mid-session, providing a constructive backdrop for GIFT NIFTY's evening trade. The Euro Stoxx 50 rose 1.3% to 6,333 at the European close on July 30, while the STOXX Europe 600 gained 0.6% to 649, according to available data.
The CAC 40 closed at 8,485.64 on July 30, up 77.37 points or 0.92%. The DAX Index settled at 25,612.03, gaining 151.55 points or 0.60%. The FTSE 100 also ended higher, contributing to a broadly positive European session. These closing levels from July 30 set the tone for today's continuation.
The Euro Stoxx 50 Index, Europe's leading blue-chip gauge for the Eurozone, provides a key reference point for GIFT NIFTY traders during Session II. The index represents supersector leaders across the region and its performance typically influences Asian derivative markets trading during European hours.
Session II Range Holds Narrow Band
In the opening minutes of Session II, GIFT NIFTY slipped to an early low of 24,459 before steadying. The index is currently trading at 24,459.50, holding within a tight 11.5-point band above Wednesday's close. Session II runs until 02:45 AM IST on August 1, with European markets set to close during the session around 21:00-22:00 IST, which could influence further price action as liquidity shifts.