SGX Nifty is Now Gift Nifty

Gift Nifty is a rebranded version of the SGX Nifty, Nifty derivative contracts traded on SGX will now trade on the NSE IX from July 3, 2023, onwards

NSE IX

Gift City

NSE International Exchange (NSE IX) is a wholly-owned subsidiary of NSE located in Gift City, Gujarat, specifically designed to attract foreign investors

GIFT City, serves as India's tax-neutral financial services hub, with the objective to match prominent financial centers like Dubai and Hong Kong

Trading time of Gift Nifty- split over two sessions. The first session starts at 6:30 am - till 3:40 pm. Second session- 4:45 pm till 2:45 am IST.

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The Gift Nifty index will provide cues for Indian investors on how the domestic markets could react to global events, like SGX Nifty

The GIFT Nifty will include four products: GIFT Nifty 50, GIFT Nifty Bank, GIFT Nifty Financial Services, and GIFT Nifty IT derivative contracts.

The entire open interest of about $7 billion on the Nifty alone will now be shifted to GIFT City at the NSE International Exchange from 3rd July 2023

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