Zerodha – You can now track Gift Nifty on Kite
Gift Nifty (previously SGX Nifty) is a futures contract based on the Nifty 50 index that trades at the NSE International Exchange for 16 hours.
This contract gives you an indication of how Nifty 50 will react to global factors before the Indian markets open.
Search “Gift Nifty” to add to the marketwatch.
You can now track Gift Nifty on Kite.
Gift Nifty (previously SGX Nifty) is a futures contract based on the Nifty 50 index that trades at the NSE International Exchange for 16 hours.
This contract is a popular way for traders to see the potential impact of overnight and early… pic.twitter.com/kfpR1dB4Au
— Zerodha (@zerodhaonline) February 1, 2024
What is Gift Nifty?
GIFT Nifty, also known as Singapore Nifty, is a derivative product of the National Stock Exchange of India’s (NSE) Nifty index. The Singapore Exchange (SGX) offers futures and options contracts based on the Nifty index, allowing investors to trade in these derivatives even when the Indian stock markets are closed. GIFT Nifty provides an avenue for investors to gain exposure to Indian equities and speculate on the direction of the Nifty index without trading directly on the NSE.
The GIFT Nifty futures contracts track the performance of the Nifty index, which comprises 50 major stocks listed on the NSE. Trading in GIFT Nifty typically takes place before the Indian stock market opens, offering a way for investors to react to global market trends and news events that may impact Indian stocks.
It’s important to note that while GIFT Nifty provides an additional avenue for trading Nifty derivatives, the prices of GIFT Nifty futures are influenced by global factors and may not precisely mirror the opening levels of the Nifty index on the NSE. Investors should be aware of the risks and differences in trading on the SGX compared to the NSE.
