Gift City 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, derives from the Nifty 50 index and trades through NSE IFSC-SGX Connect (“GIFT Connect”) at the International Financial Service Centre (IFSC) in Gandhinagar, India. By engaging in this trading, it helps establish share prices and reduces the risks associated with future investments.
Subsequently, the National Stock Exchange of India (NSE) launched Gift Nifty on July 3, 2023. This new product is a derivative of the Nifty 50 index, traded on the NSE’s International Financial Services Centre (IFSC) in GIFT City, Gujarat.
One key distinction between Gift Nifty and the Nifty 50 index is that Gift Nifty is traded in US dollars. As a result, it becomes easier for overseas investors to trade in the Nifty 50 index. Additionally, this simplifies the process for Indian investors managing their exposure to the Indian rupee.
Furthermore, the NSE stated that trading in the Nifty 50 index would become “more liquid and efficient” through Gift Nifty. In addition, they expect this to attract more international capital into the Indian stock market.
Moreover, the introduction of Gift Nifty is part of NSE’s broader strategy to make India a more attractive destination for foreign investment. Looking ahead, the NSE has also announced plans to launch more derivative products on the Gift Nifty index.
In contrast, GIFT Nifty futures are traded on GIFT-IFSC (NSE IFSC), whereas the Indian Nifty trades on the NSE, which is the platform for the Indian stock exchange.
Finally, Gift Nifty is highly significant to the Indian stock market, as it helps Indian investors forecast and track the movement of the Indian Nifty.
Gift City Nifty
- The Nifty index traded on the Gujarat International Finance Tec-City (GIFT City) goes by the name Gift Nifty. The NSE International Exchange, located in IFSC, GIFT City, Gujarat, India, offers this index. Gift Nifty forms part of the NSE’s IFSC-SGX Connect Nifty Index.
- Previously, the SGX Nifty derivative product on the Singapore Exchange (SGX) gained popularity because it enabled overseas investors to engage in the Indian market. This product, based on the NSE Nifty index, primarily focused on Nifty Futures, which both individual and foreign institutional investors (FIIs) could access.
- However, on July 3, 2023, SGX Nifty ceased trading on the Singapore Stock Exchange (SGX). The NSE launched it on the GIFT platform, also known as NSE-IFSC.
- On the same day, the NSE IFSC-SGX Connect began full operations. This shift transferred all SGX Nifty derivatives to NSE IFSC, now branded as GIFT Nifty. After this transition, traders can exclusively trade all Nifty futures contracts denominated in US dollars on the GIFT IFSC – NSE IFSC platform, under GIFT Connect.
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. Foreign investors can leverage these benefits to streamline their investment plans and effectively navigate the Indian market. Furthermore, international participation boosts liquidity, which improves the efficiency and stability of the Nifty 50 Futures market.
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 several key factors:
Global market cues:
- The Gift Nifty 50 Index can be affected by global markets.
- US, European, and Asian markets play a significant role.
- Market movements during US trading hours impact Gift Nifty prices.
- Early morning trades in Asia also have an effect.
Significant events:
- Key events such as GDP changes can influence the SGX Gift Nifty.
- Election results can impact market sentiment.
- RBI policy decisions play a crucial role in market fluctuations.
- Employment figures can cause volatility as well.