Transformation from SGX Nifty to GIFT Nifty: About gift nifty in english

About Gift Nifty: The derivative contract associated with India’s Nifty index, formerly traded on the Singapore Stock Exchange under the name SGX Nifty, has undergone a significant transformation. Rebranded as GIFT Nifty, it has found a new home on the NSE International Exchange (NSE IX) in Gandhinagar, India. Gift City Gandhinagar is a new office of GIFT Nifty.

Strategic Use by Hedge Funds and Institutional Investors: Hedge funds and institutional investors actively utilize GIFT Nifty to hedge their exposure to the Indian stock market, leveraging its dynamic features.

Speculation and Trading: Traders engage in speculative activities, forecasting the future direction of the Nifty 50 index through transactions involving GIFT Nifty.

SGX Nifty impact on Indian market

Consolidation of Derivative Contracts: All SGX Nifty derivative contracts, valued at $7.5 billion, are now consolidated and traded exclusively on the NSE IX. This includes four financial products: GIFT Nifty 50, GIFT Nifty Financial Services, GIFT Nifty Bank, and GIFT Nifty IT derivative contracts.

Eligibility for Trading: Any Indian or foreign trading member, whether registered or non-registered, operating through a branch model or subsidiary, can participate in trading GIFT Nifty index products after obtaining NSE IX membership. However, Indian retail investors are excluded from exposure to GIFT Nifty products under the Liberalized Remittance Scheme (LRS).

Trading Hours and Global Impact: While SGX Nifty operates for 21 hours a day (6:30 a.m. to 11:30 p.m. IST), GIFT Nifty trading extends beyond Indian market hours. This allows for global trends to influence GIFT Nifty prices even when the Indian markets are closed.

SGX Nifty’s Influence on the Indian Market: SGX Nifty serves as a crucial tool for tracking and predicting movements in the Indian Nifty. With the Singapore market opening approximately 2.5 hours ahead of the Indian market, investors use SGX Nifty to stay informed about market trends and anticipate the unfolding trading process.

After the concession of alcohol, the property of Gift City began to be sold! ‘You have to take it, how much will the office cost’?

SGX Nifty is now Gift Nifty

Transition to GIFT Nifty: Effective from July 3, 2023, the SGX Nifty futures contract officially became GIFT Nifty. This transformative move involved the transfer of derivative trades worth $7.5 billion from the Singapore Exchange to NSE IX in Gandhinagar, Gujarat, marking a significant development in the financial landscape.