What is Gift Nifty? - Meaning, Timing, History, Launch Date
India is one of the leading economies of the world. The pace of India’s growing prominence can be reflected in the success of the Nifty and Sensex. One of the most crucial indicators of confidence in India and making it a global financial hub was created by shifting SGX Nifty from Singapore to Gandhinagar, India. The NSE (National Stock Exchange) IFSC Limited is a Gift-city-based subsidiary of the NSE. This exclusive service allows international investors to trade the Indian stock market irrespective of their time zones.
What is Gift Nifty?
The Gift Fifty meaning, formerly known as SGX Nifty, it used by traders and investors to measure market sentiments. It was earlier based on the Singapore exchange. The formation of Gift Nifty, the base of the NSE International Exchange, shifted to Gandhinagar, Gujarat. The SGX derivate was converted to Gift Nifty.
Gift Nifty History
The formation of Gift Nifty has significantly changed the Indian financial market. It aims to give a new angle that aligns with the specifics of home markets. The four financial products traded on NSE IX are Gifty Nifty Bank, Gift Nifty Financial Services, Gift Nifty 50, and Gift Nifty Derivate contracts.
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Gift Nifty Launch Date
The Gift Nifty has made a mark in the Indian capital market by bridging the geographical gap between India and Singapore’s capital market. The launch of the Gifty Nifty on 3rd July 2023 marked a historic transition, following the approval of the International Financial Services Center Authority (IFSCA) and the Monetary Authority of Singapore (MAS).
Gift Nifty Timing
The Gifty Nifty consists of two trading sessions: The first session takes place from 6.30 am to 3.40 pm, and the second session takes place from 4.35 pm to 2.45 am the following day as per Indian standard time. The Gift Nifty has more extended time than SGX Nifty, which used to trade from 6.30 am to 10.30 pm. This means that the Gifty Nifty timing will overlap trading hours over European, Asin, and US markets.
Who Can Trade Nifty Products at Gifty Nifty Timings?
As per the NSE IX, any trading member, whether Indian or global, registered or non-registered, from their office through a subsidiary or branch model can become a member of NSE IX and be Gift Nifty trading. We offer the best stock advisory services in India. So, if you are considering investing in the stock market, we protect your interest and invest in the stock market. Build long-term wealth through strategic investment with Aaditya Wealthon.
Conclusion
The Gift Nifty encourages international investors to trade in the Indian stock market and expand the liquidity pool in the Indian stock market. This paves the way for connecting the Indian market with the international markets. To start trading and investing in the open IPO trading account with Aaditya Wealthon.
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