GIFT NIFTY reopened for Session II at 23,276.5 at 16:35 IST on September 15, slipping 24.5 points or 0.11% from the Session I close of 23,301.0. The contract opened Session II marginally lower and extended losses in early trade, dropping to 23,259.0 within the first five minutes.
The modest gap down came as GIFT NIFTY remained 40.5 points or 0.17% above the previous day's close of 23,202.5, but pressure mounted in the opening minutes of the evening session. The contract traded at 23,243.0 as of 19:10 IST, down from the Session II open and marking a day low across both sessions of 23,144.0.
| Metric | Level |
|---|---|
| Session I Close | 23,301.0 |
| Session II Open | 23,276.5 |
| Session Gap | -24.5 (-0.11%) |
| Current LTP | 23,243.0 |
| Change vs Prev Day | +40.5 (+0.17%) |
European Markets Drag as Stoxx 50 Hits Two-Month Low
European equity indices traded lower in mid-session, providing a cautious backdrop for GIFT NIFTY's reopening. The Euro Stoxx 50 fell 1.01% to 6,212 points on September 15, reaching levels not seen in nearly two months, according to market data. At the previous session close on September 14, the index had settled at 6,325.13 before declining 64.75 points or 1.02% by the close.
The DAX slipped 0.50% or 127.75 points to 25,440.81 in intraday trade, while the CAC 40 declined 0.76% or 61.99 points to 8,117.78. The FTSE 100 showed mixed signals across data sources, with one report indicating a decline of 40.24 points or 0.38% to 10,657.33, while another suggested the index was trading at 10,650.44, up 0.39% or 41.52 points from a previous close of 10,608.92.
The weakness across major eurozone indices weighed on broader risk sentiment during European trading hours. The Euro Stoxx 50's slide to multi-week lows and losses in the DAX and CAC 40 suggested investors remained cautious ahead of Session II trade in Asian derivatives markets.
Session II Outlook
GIFT NIFTY has extended its opening decline, trading 33.5 points below the Session II open of 23,276.5 and establishing an early range between 23,276.5 and 23,201.5 in the first 15 minutes. With European markets set to close around 21:30-22:00 IST during Session II, further moves could emerge as overnight positioning develops ahead of the next Indian cash market open.
| European Index | Level | Change |
|---|---|---|
| Euro Stoxx 50 | 6,212.00 | -1.01% |
| DAX | 25,440.81 | -0.50% |
| CAC 40 | 8,117.78 | -0.76% |
| FTSE 100 | 10,657.33 | -0.38% |