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About Gift Bank Nifty Future
GIFT / NSE IFSC Nifty Bank Futures is a USD-denominated futures contract on the Nifty Bank Index, which is a basket of 12 of the most liquid banks in India. The contract is traded on the NSE IFSC, which is an international exchange located in GIFT City, Gujarat.
The GIFT / NSE IFSC Nifty Bank Futures contract was launched in July 2023, as part of the GIFT Connect initiative, which is a collaboration between the NSE and the SGX to provide international investors with access to the Indian derivatives market.
The contract has a 21-hour trading window, from 6:30 AM to 2:45 AM IST, and is settled in USD. The contract size is 250 Nifty Bank Index points, and the minimum price movement is 0.05 points.
The NSEIX Nifty Bank Futures contract is a popular instrument for hedging and trading exposure to the Indian banking sector. It is also a useful tool for investors who want to gain exposure to the Indian economy through the banking sector.
Here are some of the benefits of trading GIFT Nifty Bank Futures:
- 21-hour trading window provides flexibility for traders
- USD-denominated contract provides access to international investors
- Settled in USD, which reduces currency risk
- Liquidity is increasing as more investors gain exposure to the Indian market