Gift Nifty
(GIFTNIFTY)
25038.5
Today Gift Nifty Share Price Performance
- 25,01125,122.5
| Market Stats | |
| Previous Close | 25051.5 |
| Open | 25122.5 |
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Overview
The financial community pays close attention to GIFT Nifty (formerly SGX Nifty) outside regular trading hours as it provides a preview of how the Nifty 50 Index might open in the next session. The Nifty 50, which tracks 50 top Indian companies, is the primary index of India's National Stock Exchange (NSE).
GIFT Nifty's real-time prices often react to international developments, significant political events, corporate earnings announcements, and economic data released after market close. These factors can sway investor sentiment, prompting traders to adjust their positions during extended hours.
GIFT Nifty acts as a market barometer, showing potential movements before Indian exchanges open. It allows investors to anticipate and react to overnight developments affecting Indian equities. By connecting global events to local market reactions, GIFT Nifty helps traders make informed decisions and adjust strategies in real-time. This reduces overnight risk, improves market efficiency, and integrates Indian markets with global trends. GIFT Nifty shapes expectations and prepares participants for upcoming sessions, contributing to a more responsive Indian financial market.
What is GIFT Nifty?
Gift Nifty is a financial tool that lets traders speculate on India's stock market outside normal trading hours. It's a futures contract based on the Nifty 50 index, traded on the GIFT City exchange in Gujarat. Available almost 24/7, it settles in US dollars, making it accessible to global investors. Gift Nifty serves as a real-time indicator of Indian market sentiment, especially when the main market is closed. It helps traders predict how the Indian stock market might open and allows them to react to international news or events that could impact Indian stocks. Essentially, it's a way for investors to take the pulse of the Indian market around the clock, providing valuable insights and trading opportunities based on global developments affecting India's economy.
About SGX Nifty (Now GIFT Nifty)
The Singapore Exchange had a licensing agreement with NSE, which permitted it to facilitate trading in Nifty futures and options in Singapore. However, in 2018, NSE terminated this licensing pact with the exchange.
SGX Nifty vs GIFT Nifty
| Feature | SGX Nifty (Before July 2023) | GIFT Nifty (After July 2023) |
| Location | Singapore Exchange (SGX) | NSE International Exchange (NSE IX) |
| Country | Singapore | India |
| Regulatory Framework | Singaporean regulations | International Financial Services Centre Authority (IFSCA) |
How does Gift Nifty work?
The GIFT Nifty operates for about 21 hours and is open on Indian public holidays too, allowing you to track the movement of Indian markets accurately.
Gift Nifty mirrors the Indian Nifty and can be used to predict the Indian market's direction.
What is the timing for trading in GIFT NIFTY?
GIFT Nifty trading operates in two sessions:
- First Session: 6:30 AM to 3:40 PM IST (Indian Standard Time)
- Second Session: 4:35 PM to 2:45 AM IST (the next day)
Frequently Asked Questions
GIFT Nifty, previously known as SGX Nifty, is a derivative contract based on the Nifty 50 index and is traded on the NSE International Exchange (NSE IX) for over 20 hours.
Nifty 50 is the stock market index of the National Stock Exchange (NSE) of India, which consists of 50 actively traded Indian companies listed on the exchange. GIFT Nifty, on the other hand, is a derivative contract of Nifty 50. This means that the value of GIFT Nifty is based on the value of Nifty 50, but they are separate indices. GIFT Nifty trades on NSE IX.
The SGX Nifty is the Nifty index futures traded on the Singapore Exchange, while the GIFT Nifty is the Nifty index futures traded on the Gujarat International Finance Tech (GIFT) City exchange in India.
The GIFT Nifty is the updated version of the SGX Nifty, which traders and investors use to assess market sentiments. Previously, the SGX Nifty was based on the Singapore Exchange, but with the introduction of the GIFT Nifty, its base has been shifted to the NSE International Exchange (NSE IX) in GIFT City, Gujarat.
Gift Nifty trading starts at 6:30 AM IST. And its second session for international markets runs from 4:35 PM IST until 2:45 AM IST (the next day).
Foreign exchange regulations prohibit Indian retail investors from trading in the GIFT Nifty. NRIs, Foreign Portfolio Investors (FPIs), and Eligible Foreign Investors (EFIs) can trade through a broker who is a member of the NSE IX.
The GIFT Nifty is a derivative product that tracks the Nifty 50 index, which comprises the 50 largest companies listed on the National Stock Exchange of India (NSE). Some leading Indian companies on the Nifty 50 include Reliance Industries Limited (RIL), Infosys Limited (INFY), Tata Consultancy Services Limited (TCS), Hindustan Unilever Limited (HUL), and ITC Limited (ITC).