Gift Nifty Live Chart
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SGX Nifty Intra-day Live Chart
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About Gift City Nifty
Gujarat International Finance Tech, formerly known as GIFT Nifty, is a derivative of the Nifty 50 index that is traded via NSE IFSC-SGX Connect (“GIFT Connect”) at the International Financial Service Centre (IFSC) in Gandhinagar, India. The trade establishes a share price and lowers the risk associated with any future investments.
Launched by the National Stock Exchange of India (NSE) on July 3, 2023, Gift Nifty is a new index. It is a Nifty 50 index derivative that will be traded on the International Financial Services Centre (IFSC) of the National Stock Exchange (NSE) located in GIFT City, Gujarat.
The fact that Gift Nifty will be traded in US dollars is the primary distinction between it and the Nifty 50 index. This will facilitate trading in the Nifty 50 index for overseas investors and reduce the difficulty for Indian investors to manage their exposure to the Indian rupee.
According to the NSE, trading in the Nifty 50 index will be “more liquid and efficient” on Gift Nifty. Additionally, it is anticipated to draw more international capital to the Indian stock market.
As part of its efforts to increase India’s appeal as a location for foreign investment, the NSE launched Gift Nifty. In the future, the NSE intends to introduce other derivative products on the Gift Nifty index, according to its announcement.
Additionally, the GIFT Nifty futures trade from GIFT – IFSC (NSE IFSC), whereas the Indian Nifty trades on the NSE, the platform for the Indian stock exchange.
Given that it aids Indian investors in forecasting and observing the movement of the Indian Nifty, the Gift Nifty is significant to the Indian stock market.
- The Nifty index that is traded on Gujarat International Finance Tec-City (GIFT City), India’s first international financial services hub, is known as Gift Nifty.
- Traded on the NSE International exchange, situated in IFSC, Gift City, Gujarat, India, Gift Nifty is the NSE’s IFSC-SGX Connect Nifty Index. Because it allowed overseas investors to engage in the Indian market, the Singapore Exchange’s SGX Nifty derivative product was, as we already know, a very popular offering. It was based on the NSE Nifty index and concentrated mostly on Nifty Futures, which were accessible to both individual and foreign institutional investors (FIIs).
However, SGX Nifty will no longer be offered on the Singapore Stock Exchange (SGX) as of July 3, 2023; instead, it will be introduced on the Gujarat International Finance-Tec (GIFT) platform, also referred to as NSE-IFSC.
- On July 3, 2023, the NSE IFSC-SGX Connect will go into full operation when SGX Nifty derivatives are transferred to the NSE IFSC (GIFT NIFTY). All Nifty futures contracts denominated in US dollars will only be traded on the GIFT IFSC – NSE IFSC platform – GIFT Connect following the switch.
The Gift’s Time Session-1 and Session-2 are the two distinct Nifty trading sessions.
- The pre-open period starts at 06:15 in Session 1, and the regular market opens at 06:30 and closes at 15:40. Starting at 15:45 and ending at 15:55 is the pre-close period. Trade modification for Session 1 ends at 16:00 hrs, which is also the cutoff time for setting up position limits and collateral values.
- The pre-open time for Session 2 begins at 16:25 and ends at 16:31. The regular market opens at 16:35 and stays open until 02:45 the next day. At 02:50 the next day, position limits and collateral values in Session-2 must be submitted. In a similar vein, trade modification for Session 2 concludes at 02:50 the next day.
Indeed, Gift Nifty goes by several names.
- Gift Nifty 50 Future Live price.
- SGX Gift Nifty Price.
- NSE IFSC Nifty.
- Gift IFSC Nifty.
- Gift Nifty Index.
Through futures contracts of Nifty 50 Futures, Gift City Nifty, also known as IFSC Nifty / SGX Nifty, is an investment opportunity that enables overseas investors to hold positions in the IFSC-NSE Exchange. A few benefits of this exclusive service are longer trading hours and a trustworthy predictor of the starting price of the Indian market the following day.
For overseas investors, Gift City Nifty, also known as IFSC Nifty, provides special advantages and perks. It is a desirable investment choice due to its prolonged trading hours, hedging potential, and function as an indicator for the opening of the Indian market. These benefits can be used by foreign investors to streamline their investment plans and successfully negotiate the Indian market. Furthermore, the Nifty 50 Futures market’s efficiency and stability are further improved by the enhanced liquidity brought about by international participation.
Technical analysis is an effective technique for traders trying to comprehend Gift Nifty’s real-time patterns and price movement. Trader insights into market activity and key trading levels can be obtained by examining historical charts, particularly weekly or daily charts. These levels are important benchmarks for well-informed decision-making since FIIs and fund managers, in addition to individual traders, adhere to them. The accuracy and efficiency of trading activity in the SGX Nifty can be greatly increased by incorporating technical analysis into trading methods.
The SGX Nifty is influenced by a number of factors, such as:
Global market cues: The Gift Nifty 50 Index may be impacted by the actions of the US, European, and Asian markets throughout their respective trading hours. Gift Nifty index live prices can be directly impacted by movements in these markets, particularly during US trading hours and early Asian morning trades.
Significant occurrences: Significant occurrences including changes in the GDP, election results, RBI policy, and employment figures can all affect the SGX Gift Nifty. These occurrences have an impact on the market and may heighten market volatility.
Traders can have a better understanding and prediction of SGX Nifty movements by taking these aspects into account and keeping up to speed with global market trends and significant occurrences. carrying out in-depth investigation and analysis, as well as monitoring.