Gift Nifty Price data as on 25-Apr-2024 15:40:06
| Current Price | Change (in %) | Volume | Future Expiry |
|---|---|---|---|
| 22,569.00 | +203.5 (0.91%) | 50,313 | 25-Apr-2024 |
| Previous Close | Open | High | Low |
| 22,365.50 | 22,369.50 | 22,642.00 | 22,315.00 |
Gift Nifty Intraday Live Chart
Gift Nifty Future Live - Next Month
Gift Nifty 30-May-2024 Future data as on 27-Apr-2024 02:47:54
| Current Price | Change (in %) | Volume | Future Expiry |
|---|---|---|---|
| 22,638.00 | +75.5 (0.33%) | 38,628 | 30-May-2024 |
| Previous Close | Open | High | Low |
| 22,562.50 | 22,692.50 | 22,700.00 | 22,524.50 |
International Indices live
| Index | Last Price | Change ( in %) |
|---|---|---|
| Dow 30 | 38,239.70 | +153.86 (+0.40%) |
| S&P 500 | 5,099.96 | +51.54 (+1.02%) |
| Nasdaq Composite | 15,927.90 | +316.14 (+2.03%) |
| FTSE 100 | 8,139.83 | +60.97 (+0.75%) |
| CAC 40 | 8,088.24 | +71.59 (+0.89%) |
| DAX | 18,161.00 | +243.73 (+1.36%) |
| Nikkei 225 | 37,934.80 | +306.28 (+0.81%) |
| Hang Seng | 17,651.20 | +366.61 (+2.12%) |
| Shanghai Composite | 3,088.64 | +35.74 (+1.17%) |
| NSE Nifty | 22,419.90 | -150.40 (-0.67%) |
| BSE Sensex | 73,730.20 | -609.28 (-0.82%) |
| STI | 3,280.10 | -7.65 (-0.23%) |
| Kospi | 2,656.33 | +27.71 (+1.05%) |
About Gift Nifty
Gujarat International Finance Tech (Formally known as GIFT Nifty) is a derivative of the Nifty 50 index, which is traded in the International Financial Service Centre (IFSC) Gandhinagar India via NSE IFSC-SGX Connect (“GIFT Connect”), where this trade sets a predetermined price of a share and reduces the future risk of any investments.
Gift Nifty is a new index that will be launched on July 3, 2023 by the National Stock Exchange of India (NSE). It is a derivative of the Nifty 50 index, and it will be traded on the NSE’s International Financial Services Centre (IFSC) in GIFT City, Gujarat.
The main difference between Gift Nifty and the Nifty 50 index is that Gift Nifty will be traded in US dollars. This will make it easier for foreign investors to trade in the Nifty 50 index, and it will also make it easier for Indian investors to hedge their exposure to the Indian rupee.
The NSE has said that Gift Nifty will be a “more liquid and efficient” market for trading in the Nifty 50 index. It is also expected to attract more foreign investment into the Indian stock market.
The launch of Gift Nifty is part of the NSE’s efforts to make India a more attractive destination for foreign investment. The NSE has also said that it plans to launch other derivative products on the Gift Nifty index in the future.
Also, in word as Indian Nifty trades on the NSE, which is the Indian stock exchange platform and the GIFT Nifty futures trades from GIFT – IFSC (NSE IFSC).
As the Gift Nifty helps Indian Investors to predict and observe the behaviour of the Indian Nifty and thus has an important role to play in the Indian stock market. Furthermore Check Gift Nifty Live price
What is Gift Nifty?
- Gift Nifty refers to the Nifty index that is traded on the Gift City Exchange in Gujarat International Finance Tec-City (GIFT City), India’s first international financial services center
- Gift Nifty is the NSE’s IFSC-SGX Connect Nifty Index, which is trades on the NSE International exchange located in IFSC, Gift City, Gujarat, India. As we know previously, SGX Nifty was a highly popular derivative product offered by the Singapore Exchange, as it provided foreign investors with the opportunity to participate in the Indian market. It was based on the NSE Nifty index and primarily focused on Nifty Futures, allowing foreign institutional investors (FIIs) and individuals to invest in them.
- However, starting from July 3, 2023, SGX Nifty will be discontinued on the Singapore Stock Exchange (SGX) and instead be launched on the Gujarat International Finance-Tec (GIFT) platform, specifically known as NSE-IFSC.
- The full-scale operation of the NSE IFSC-SGX Connect will commence on July 3, 2023, with the transition of SGX Nifty derivatives to NSE IFSC(GIFT NIFTY). After the transition, all Nifty derivatives contracts denominated in US dollars will be exclusively traded on the GIFT IFSC – NSE IFSC platform – GIFT Connect
What is Trading hours of Gift Nifty Future?
Timing of Gift Nifty trading sessions are divided into two: Session-1 and Session-2.
- In Session-1, the pre-open period begins at 06:15 hrs, followed by the normal market opening at 06:30 hrs and closing at 15:40 hrs. The pre-close period starts at 15:45 hrs and concludes at 15:55 hrs. The cut-off time for setting up position limits and collateral values is at 16:00 hrs, which also marks the end of trade modification for Session-1
- Session-2 commences with the pre-open period at 16:25 hrs and closes at 16:31 hrs. The normal market opens at 16:35 hrs and continues until 02:45 hrs of the next day. The cut-off time for position limits and collateral values in Session-2 is at 02:50 hrs of the following day. Similarly, trade modification for Session-2 also ends at 02:50 hrs of the next day. To know detailed visit: Gift Nifty Future Trading Hours
Is Gift Nifty known with other name?
Yes, Gift Nifty have other names like
- Gift Nifty Index,
- NSE IFSC Nifty,
- Gift IFSC Nifty,
- SGX Gift Nifty Price,
- Gift Nifty 50 Future Live price.
What is Gift Nifty Future Importance and Benefits?
Gift Nifty, also known as IFSC Nifty or SGX Gift Nifty, offers foreign investors the opportunity to participate in the IFSC-NSE Exchange through Futures contracts of Nifty 50 Futures. These contracts settle based on the NIFTY 50 settlement price in the Indian stock exchange NSE. As NSEIX allowing for 21 hours of trading in Gift Nifty Futures, investors can conveniently hedge their positions at any time. Additionally, Gift Nifty live price serves as a reliable indicator for predicting the opening of the Indian market the following day, attracting many retail traders who regularly monitor the Gift Nifty Live price. Read more
How to do Technical Analysis of SGX Nifty / Gift Nifty Future?
Technical analysis is a powerful tool for traders looking to understand the price movement and live trends of Gift Nifty. By studying historic charts, specifically weekly or daily charts, traders can gain valuable insights into the market’s behavior and identify major trading levels. These levels are not only followed by individual traders but also by FIIs and fund managers, making them crucial reference points for informed decision-making. Incorporating technical analysis into trading strategies can significantly enhance the accuracy and effectiveness of trading activities in SGX Nifty
What factors impact SGX Nifty 50 movements?
Several factors influence SGX Nifty movements, including:
- Global market cues: The performance of US, European, and Asian markets during their respective trading hours can impact Gift Nifty 50 Index. Movements in these markets can have a direct influence on Gift Nifty index live prices, especially during US market hours and early morning trades in Asian markets.
- Important events: Significant events such as RBI policy announcements, election results, GDP data releases, and job numbers can cause swings in SGX Gift Nifty. These events carry market implications and can contribute to increased volatility in the market.
By considering these factors and staying updated with World market trends and important events, traders can better understand and anticipate SGX Nifty movements. Conducting thorough research and analysis, and keeping track of the latest news and economic developments, is essential for making informed decisions regarding SGX Nifty investments.
