Gift Nifty Intraday Live Chart
GIFT NIFTY, previously known as SGX NIFTY, is a futures contract that derives its value from the Nifty 50 Index of the National Stock Exchange of India (NSE).
This is traded on the NSE International Exchange, which is situated in GIFT City, Gujarat, India. Previously, it was traded on the Singapore Exchange (SGX). Visit GIFT NIFTY Traders Forum
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Gift Nifty Technical Analysis
What is GIFT Nifty?
GIFT Nifty, or Gujarat International Finance Tec-City Nifty, is a derivative product based on the Nifty 50 index, which is the leading stock index of the National Stock Exchange of India (NSE).
GIFT Nifty contracts are traded on the India International Exchange (India INX), located within the Gujarat International Finance Tec-City (GIFT City) in Gujarat, India. GIFT Nifty allows investors and traders to speculate on the future performance of the Nifty 50 index.
The Future of SGX Nifty?
The Singapore Exchange (SGX) Nifty, a popular offshore derivative product based on the Nifty 50 index, has been phased out due to regulatory concerns and changes in Indian regulations.
Consequently, the trading volumes of SGX Nifty have shifted to GIFT Nifty and domestic Indian markets.
What are the timings of GIFT Nifty?
Gift Nifty offers extensive trading opportunities, spanning approximately 19 hours and strategically overlapping with Asia, Europe, and US trading hours.
The first session starts at 6:30 am in the Asian time zone, lasting for 9 hours, while the second session commences at 4:35 pm, providing 10 hours of trading.
The first session concludes at 3:40 pm in the Asian time zone, while the second session extends until 2:45 am the next day, catering to investors from the United States and Europe.
This comprehensive schedule ensures that Gift Nifty accommodates a wide range of traders across different time zones.
| Trading Session | Timing (IST) |
|---|---|
| Morning Session | 6:30 a.m. to 3:40 p.m. |
| Evening Session | 4:35 p.m. to 2:45 a.m. |
Is there any difference between SGX Nifty and GIFT Nifty?
While both SGX Nifty and GIFT Nifty are derivative contracts based on the Nifty 50 index, the primary difference lies in the trading venue and regulatory environment.
SGX Nifty was traded on the Singapore Exchange, an offshore platform, while GIFT Nifty is traded on the India International Exchange within the GIFT City, which is a domestic Indian financial hub.
The shift to GIFT Nifty is aimed at bringing the trading of Indian indices under the purview of Indian regulators.
| Aspect | GIFT Nifty | SGX Nifty |
| Exchange | NSE IFSX, GIFT City Gujarat | SGX, Singapore |
| Trading hours | 21 hours | 16 hours |
| Timings | 6:30 am to 3:40 pm IST and 4:35 pm to 2:45 am IST | 6:30 am to 11:30 pm IST |
Where Can You Find Comprehensive GIFT Nifty Data?
Investors and other market participants can conveniently access real-time market data for Gift Nifty on the NSE IX website, www.nseix.com.
This invaluable resource empowers them to closely monitor Gift Nifty’s performance, allowing for insightful predictions regarding the behavior of the Nifty index even before Indian markets open. Stay ahead of the game and make informed decisions with instant access to this vital information.
The Rationale Behind SGX Nifty’s Move to GIFT Nifty?
SGX Nifty is being shifted to GIFT Nifty and other domestic Indian exchanges due to regulatory concerns and India’s efforts to channel offshore derivative trading back into the Indian market.
This move is intended to ensure better oversight and control of trading in Indian indices.
How will GIFT Nifty be traded?
Gift Nifty opens doors to a world of trading possibilities for a wide range of participants. Trading members, whether from India or abroad, can engage in Gift Nifty products by securing membership with NSE IX.
Currently, over 50 brokers have established their presence in the vibrant GIFT City, and these trading members enjoy the privilege of executing trades both on their accounts and on behalf of their clients.
However, it’s essential to note that, due to regulatory considerations under the Liberalised Remittance Scheme (LRS), Indian retail investors are currently unable to access the Gift Nifty platform.
The Reserve Bank of India (RBI) prohibits the use of the $2,50,000 annual limit per person for leveraged trading activities, including futures and options, as specified in the LRS guidelines.
In a significant development, SGX IFSC India Connect, a special-purpose vehicle company affiliated with the Singapore Exchange, has initiated a process where all orders from international clients are routed to NSE IX for trading and execution.
Subsequently, the executed trades will undergo clearing and settlement through NSE IFSC Clearing Corporation (NICCL). SGX-DC assumes the pivotal role of acting as the central counterparty for SGX clearing members.
This move not only underscores the global reach and appeal of Gift Nifty but also further solidifies its position in the derivatives trading arena.
| Impact of Gift NIFTY | Benefits |
|---|---|
| Enhancing International Status | – Shift fuels GIFT City’s journey towards global recognition. |
| – Eliminates the need for embassy document attestation and post-transaction tax deductions for NRI account openings. | |
| Boosting Financial Hub Status | – Positions GIFT City as a leading international financial service center. |
| – Drives a substantial increase in trading volumes and liquidity. | |
| Attracting Investors and Traders | – Attracts a diverse range of investors, traders, and market intermediaries. |
| – GIFT City impressively amasses a banking asset book exceeding $35 billion. | |
| Government’s Ambitious Plans | – The government’s strong commitment to fostering finance and technology in GIFT City. |
| – Focus on providing financial incentives, ease of doing business, and infrastructure growth. | |
| Corporate and MNC Engagement | – Government efforts to entice corporations and multinational companies to establish their global treasury centers in GIFT City. |
| Streamlined Policy-Making | – Introduction of the International Financial Service Centre Authority (IFSC Authority) to centralize policy-making. |
| – As an IFSC, GIFT City bypasses many Foreign Exchange Management Act regulations applicable to onshore corporates. | |
| Enhanced Integration and Recognition | – The SGX Nifty’s move to India’s GIFT City deepens India’s integration into the global financial sector. |
| – Strengthens India’s international recognition. | |
| Investor Benefits | – NSE IX operations within an SEZ provide investors with exemptions from Securities Transaction Tax, commodity transaction tax, dividend distribution tax, and capital gains tax. |
Decoding GIFT Connect?
GIFT Connect is a platform that facilitates cross-border trading and investment between GIFT City and international financial markets.
It enables global investors to access the Indian financial ecosystem and offers a wide range of financial products and services, bridging the gap between international and domestic markets.
The Birth of GIFT Connect?
In February 2018, NSE and SGX found themselves in a dispute when Indian stock exchanges chose to cease providing data or granting licenses for their indices to foreign exchanges. Simultaneously, SGX made headlines by introducing single-stock futures contracts for Nifty 50 components.