Nifty: SGX Nifty to start trading as GIFT Nifty from today - Times of India
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Monday will mark the beginning of trading in GIFT Nifty , the new avatar of SGX Nifty - the globally popular derivatives contract on NSE's Nifty index that till Friday was traded on the Singapore exchange (SGX). From Monday, these same derivatives contracts of SGX will start trading on the NSE's international exchange at Gujarat's International Financial Services Centre (IFSC). This shift of the bourse from Singapore to India is under an arrangement between the NSE and SGX... What's SGX Nifty/GIFT Nifty? It's a derivatives contract on the NSE's Nifty index that starts trading a few hours before the Indian market opens, and continues to trade till the wee hours of India time. The early session makes these contracts a good indicator for investors to take a call on the Nifty before it starts trading on the NSE. What are the differences between Nifty contracts traded on the NSE and those on the GIFT Nifty? Nifty contracts traded on the NSE are denomi