GIFT NIFTY, previously known as SGX NIFTY, is a GIFT NIFTY futures contract tied to the Nifty 50 Index of the National Stock Exchange of India (NSE). It’s traded at the NSE International Exchange situated in GIFT City, Gujarat, India. Before, it used to be traded on the Singapore Exchange (SGX).
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What is GIFT NIFTY Futures and Where is it Traded
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Gift Nifty, formerly known as SGX Nifty, is a derivative contract linked to India’s Nifty 50 index.
It was originally traded on the Singapore Stock Exchange (SGX).
It is now traded on the NSE International Exchange (NSE IX) in Gandhinagar, India.
Gujarat International Finance Tec-City Nifty, known as GIFT Nifty, is a different concept laid by indian financial system.
How Traders use GIFT NIFTY Data
NSE IX now features four financial products: GIFT Nifty 50, GIFT Nifty Financial Services, GIFT Nifty Bank, and GIFT Nifty IT derivative contracts.
Gift Nifty share price movements can continue before and after the opening of the Indian markets, potentially following global trends even during non-trading hours in India.
The impact of SGX Nifty on the Indian market is noteworthy, offering a valuable tool for tracking and forecasting movements in the Nifty.
Who Can Trade in GIFT Nifty
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Any trading member, whether Indian or foreign, registered or non-registered, with a GFT NIFTY or subsidiary, can now actively trade in the GFT NIFTY index products upon acquiring NSE IX membership.
Indian retail investors cannot invest in GIFT Nifty products under the Liberalized Remittance Scheme (LRS).
Who Uses GIFT NIFTY
Hedge funds and institutional investors use Gift Nifty to hedge their exposure to the Indian stock market and speculate on the future direction of the Nifty 50 index.Indian Retail Investors also uses GIFT Nifty to Plan their Future Day Trading Plans.
Gift Nifty is a derivative contract that tracks the performance of the Nifty 50 index, which is a benchmark stock market index in India. Investors can use Gift Nifty to hedge their investments or to speculate on the future movement of the Nifty 50 index.
What is GIFT Nifty Open and Close Timing
The recently introduced GIFT Nifty F&O contracts feature trading sessions spanning 21 hours between two sessions. The initial session extends for 9 hours, commencing at 6:30 am IST and concluding at 3:40 pm Indian Standard Time (IST). Following a 55-minute break, the second 12-hour session kicks off at 4:35 pm IST and persists until 2:45 am IST the following day.
In contrast, the SGX Nifty operates for 16 hours each day, with trading available from 6:30 am to 11:30 pm IST.
WHAT IS DIFFERNCE BETWEEN SGX AND GIFT NIFTY
As of July 3, 2023, SGX Nifty was officially rebranded as Gift Nifty.
This marks a significant shift in the trading landscape for the Indian financial markets.
Previously, SGX Nifty was traded on the Singapore Exchange (SGX). It is now traded on the NSE International Exchange (NSE IX) in Gandhinagar, Gujarat, India.
The move from SGX to NSE IX represents a $7.5 billion transfer of derivative trade from Singapore to India.
This is seen as a positive development for the Indian economy, as it strengthens the country’s position as a global financial hub.
| SGX NIFTY | GIFT NIFTY | |
| Exchange Name | SGX (Singapore) | NSE IFSX (GIFT City) |
| Trade Timings | 6:30 am to 11:30 pm IST | 6:30 am to 3:40 pm IST and 4:35 pm to 2:45 am IST |
| Trading hours | 16 hours | 21 hours |
WHAT IS GIFT NIFTY RELATION TO NIFTY 50
Gift Nifty is a derivative contract that tracks the performance of the Nifty 50 index, which is a benchmark stock market index in India. Investors can use Gift Nifty to hedge their investments or to speculate on the future movement of the Nifty 50 index.
