SGX Nifty
SGX Nifty | SGX Nifty Live | SGX Nifty Futures | NiftyTrader
Last Data Refresh: Monday 08 May 2023 10:26:04 AM GMT+05:30 (India Standard Time)
Source: www.niftytrader.in
LAST CHANGE CHANGE % HIGH LOW VOLUME
18255.00 131.00 0.72% 18275.00 18142.5 0.00
SGX Nifty, also known as a Singapore Nifty, involves taking position in the Singapore Exchange on Futures contracts . The Futures contracts settlement is based on the NIFTY settlement price in the Indian stock exchange NSE. This gives international investors the flexibility of betting on Indian markets without having to setup or register the entity with the Indian authorities. Since the SGX allows for 24 hour trading via after market trades, investors can hedge their bets at any time. Plus, it is also considered a good indicator to where Indian market will open the next day, due to this a lot of traders follow this to check how SGX Nifty is doing.
SGX Nifty is a term commonly used to refer to the Indian Nifty 50 index futures that are traded on the Singapore Stock Exchange (SGX). SGX Nifty provides investors with a way to trade Indian equities even when the Indian stock markets are closed.
The SGX Nifty is traded for 16 hours a day, which includes the trading hours of both the Indian and Singaporean stock markets. This extended trading hours make it an attractive option for foreign investors who want to participate in Indian markets without being affected by the time zone difference.
The SGX Nifty is also used as an indicator for the opening of the Indian stock market. Since the SGX Nifty is traded before the Indian market opens, the movement of the index can give investors an idea about the sentiment of the market and how it is likely to perform when it opens.
However, the SGX Nifty has also been a source of controversy in the past. In 2018, the National Stock Exchange of India (NSE) decided to stop licensing its index to foreign exchanges, including the SGX, citing concerns that the SGX Nifty was hurting liquidity and price discovery in the Indian stock market. This move led to a sharp drop in trading volumes of the SGX Nifty.
In response, the SGX launched its own set of India equity derivative products, which include single-stock futures and options on 12 Nifty 50 stocks. The SGX has also launched a new index, the SGX India Futures, which is based on the Nifty 50 index and tracks the performance of Indian equities.
Overall, the SGX Nifty provides an important channel for foreign investors to participate in Indian markets. However, it remains to be seen how the ongoing dispute between the NSE and SGX will play out in the long run and whether the SGX Nifty will continue to be a popular instrument for trading Indian equities