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Gift Nifty
Gift Nifty Performance
Day Range
- Low 23166
- High 23473.5
- Open23205
- Previous Close23426
- 1 Day + 0.13%
- 1 Week + 3.99%
- 1 Month + 2.23%
- 3 Months -2.09%
- 6 Months -8.23%
- 1 Year + 7.12%
- 3 Year + 34.24%
Gift Nifty Technicals
EMA & SMA
- Bullish Moving Average
- ___
- 12
- Bearish Moving Average
- ___
- 4
- 20 Day
- 22580.1
- 50 Day
- 23001.49
- 100 Day
- 23548.02
- 200 Day
- 24131.66
Gift Nifty Resistance and Support
| Resistance | |
|---|---|
| First Resistance | 23284.33 |
| Second Resistance | 23367.66 |
| Third Resistance | 23500.83 |
| RSI | 61.01 |
| MFI | 0 |
| MACD Single Line | -25.38 |
| MACD | -140.59 |
| Support | |
|---|---|
| First Support | 23067.83 |
| Second Support | 22934.66 |
| Third Support | 22851.33 |
About Gift Nifty
Gift Nifty, formerly known as SGX Nifty, is a derivative contract linked to India's Nifty 50 index, originally traded on the Singapore Stock Exchange (SGX). The relocation of Gift Nifty to the NSE International Exchange (NSE IX) in Gandhinagar, India, signifies a significant shift in the landscape of trade in Indian financial markets.
Hedge funds and institutional investors utilize Gift Nifty live as a strategic tool to hedge their exposure to the Indian stock market. Additionally, traders actively engage with Gift Nifty to speculate on the future direction of the Nifty 50 index, leveraging its dynamic movements to inform their trading decisions.
The move from the Singapore Exchange to NSE IX encompasses all SGX Nifty live derivative contracts, amounting to an impressive $7.5 billion in trade value. NSE IX, situated in GIFT City, now features four financial products, namely GIFT Nifty 50, GIFT Nifty Financial Services, GIFT Nifty Bank, and GIFT Nifty IT derivative contracts.
Any trading member, whether Indian or foreign, registered or non-registered, with an office through a branch model or subsidiary, can now actively trade in the GIFT NIFTY index products upon acquiring NSE IX membership. However, it's important to note that Indian retail investors won't have exposure to GIFT Nifty products under the Liberalized Remittance Scheme (LRS).
SGX, short for the Singapore Exchange Limited, previously facilitated SGX Nifty trading for 21 hours a day, running from 6:30 a.m. to 11:30 p.m. IST. This stark contrasted with the Indian CNX Nifty's trading hours on the NSE, which spans six and a half hours (9:00 am - 6:10 pm). Gift Nifty share price movements, however, continue both before and after the opening of the Indian markets, potentially following global trends even during non-trading hours in India.
The impact of SGX Nifty on the Indian market is noteworthy, offering a valuable tool for tracking and forecasting movements in the Nifty. The time difference between SGX Nifty and the Indian Nifty provides investors with the advantage of monitoring the former to stay informed about market dynamics, thus gaining insights into the entire trading process.
As of July 3, 2023, SGX Nifty is officially rebranded as Gift Nifty. This transformation marks a substantial move in derivative trade, amounting to $7.5 billion, from the Singapore Exchange to the NSE International Exchange in Gandhinagar, Gujarat. Gift Nifty today stands as a testament to the evolving landscape of trade in Indian financial markets, offering investors new opportunities and avenues for strategic engagement.
Other Indices
| Indices Name | Price | Price Change (% change) |
|---|---|---|
| S&P ASX 200 | 7931.20 | 12.3 (0.16%) |
| Shanghai Composite | 3376.96 | -47.2 (-1.38%) |
| DAX | 22815.18 | -191.13 (-0.83%) |
| CAC 40 | 8038.96 | -61.15 (-0.75%) |
| FTSE 100 | 8643.68 | -54.87 (-0.63%) |
| Hang Seng | 23685.70 | -551.7 (-2.28%) |
| Nikkei 225 | 37730.70 | -127.94 (-0.34%) |
| Gift Nifty | 23457.50 | 31.5 (0.13%) |
| Taiwan Weighted | 22209.10 | -168.16 (-0.75%) |
| Dow | 41887.75 | -86.57 (-0.21%) |
| US Tech Composite | 17702.70 | -9.92 (-0.06%) |
| S&P | 5666.91 | -16.98 (-0.3%) |
| US 30 | 41853.00 | -100.3 (-0.24%) |
Faqs
What is GIFT Nifty, and how does it work?
GIFT Nifty is a derivative contract that represents India's Nifty 50 index but is traded on the GIFT City exchange in Gujarat. It allows foreign investors to trade Indian equities in a regulated offshore market, providing a seamless transition from SGX Nifty.
Can I trade in the GIFT Nifty Index in India?
Under the Liberalised Remittance Scheme (LRS), Indian retail investors will not be permitted to trade in the GIFT Nifty. The RBI prohibits leveraged traders, which include those who trade in futures and options, from using $250,000 per year per person under the LRS.
How is GIFT Nifty different from Nifty 50?
GIFT Nifty is traded in GIFT City’s IFSC exchange instead of NSE. It operates for longer hours, allowing foreign investors better access to Indian markets. While Nifty 50 is traded in India, GIFT Nifty acts as a global market indicator.
Why is GIFT Nifty important for global traders?
GIFT Nifty provides a global trading window for Indian equities, making it accessible to international investors. It also bridges the time gap between global and Indian markets, offering better liquidity and hedging opportunities.
What time does GIFT Nifty trading start and end?
GIFT Nifty operates in two sessions:
First session: 6:30 AM - 3:40 PM IST
Second session: 4:35 PM - 2:45 AM IST
This extended schedule allows traders to react to global market movements.
Is GIFT Nifty a good indicator for Nifty 50's opening?
Yes, GIFT Nifty is closely watched as a pre-market indicator for Nifty 50. Since it trades overnight, its price movements provide insights into how the Indian stock market might open.
How does GIFT Nifty impact Indian stock markets?
GIFT Nifty provides early signals on market sentiment, helping traders and institutions plan strategies before NSE trading hours. A strong GIFT Nifty performance often indicates a bullish opening for Nifty 50.
Can Indian retail investors trade on GIFT Nifty?
Currently, Indian retail investors cannot directly trade on GIFT Nifty. It is primarily designed for foreign investors, FIIs, and institutional traders under the IFSC framework.
What is the tax implication of trading in GIFT Nifty?
Trading in GIFT Nifty falls under IFSC regulations, offering tax benefits like zero long-term capital gains tax and reduced short-term tax for foreign investors, making it attractive for institutional participants.
How can foreign investors access GIFT Nifty trading?
Foreign investors can trade GIFT Nifty through registered brokers in IFSC, providing them with exposure to Indian equities without direct NSE participation.
How does SGX Nifty relate to GIFT Nifty?
SGX Nifty (traded in Singapore) has now fully transitioned to GIFT Nifty, bringing all offshore trading of Nifty derivatives to India under the IFSC framework.
Which exchanges list GIFT Nifty for trading?
GIFT Nifty is traded on the India International Exchange (India INX) and NSE International Exchange (NSE IFSC) in GIFT City, Gujarat.
What are the benefits of trading on the GIFT Nifty exchange?
GIFT Nifty offers longer trading hours, tax incentives, global investor participation, and enhanced liquidity compared to domestic exchanges.
Disclaimer:
Derived prices are not provided by exchanges. They are derived by market makers in CFD OTC market and hence prices may not be accurate and may differ from the actual market price, meaning prices are indicative only and not appropriate for trading purposes. Therefore 5paisa doesn't bear any responsibility for any trading losses you might incur as a result of using this data.