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Gift Nifty
Gift Nifty Performance
- Day Low
- ₹26171
- Day High
- ₹26197
- Open Price₹26171
- Previous Close₹26181
Gift Nifty Chart
About Gift Nifty
GIFT Nifty is a set of derivative contracts linked to India’s Nifty indices and traded on the NSE International Exchange (NSE IX) in GIFT City, Gandhinagar. It replaces the earlier SGX Nifty contract that was traded on the Singapore Exchange, marking a major shift in how global investors access India’s equity markets.
The transition from SGX to GIFT City brought the entire offshore Nifty derivatives ecosystem, nearly $7.5 billion worth of daily trades under India’s regulatory and operational umbrella. This move strengthens India’s position as a global financial hub and gives international investors a direct gateway to trade Nifty-linked products from within India.
GIFT Nifty is widely used by hedge funds, institutional investors, and global market participants to hedge their India exposure or to take directional calls on the Nifty 50. Because it trades for extended hours and overlaps with major global markets, GIFT Nifty often reacts to international news before the Indian cash market opens, making it a valuable indicator of market sentiment.
Any foreign or Indian trading member, whether operating through a branch office or a subsidiary, can trade on NSE IX after obtaining membership. However, Indian retail investors cannot trade GIFT Nifty under the Liberalised Remittance Scheme (LRS). The products are primarily meant for institutional and offshore participants.
Earlier, SGX Nifty traded nearly 21 hours a day, giving investors a long window to react to global cues. GIFT Nifty retains the extended-hours structure, allowing price movement well before and after Indian markets open. GIFT Nifty operates in two sessions, the first between 6:30 AM IST to 3:40 PM IST and the second is between 4:35 PM IST to 2:45 AM IST. This makes GIFT Nifty an early indicator of sentiment and a useful tool for understanding how global developments might influence the Nifty 50.
Other Indices
| Indices Name | Price | Price Change (% change) |
|---|---|---|
| S&P ASX 200 | 8627.60 | 32.4 (0.38%) |
| Shanghai Composite | 3869.80 | -5.99 (-0.15%) |
| DAX | 23895.67 | 170.23 (0.72%) |
| CAC 40 | 8133.11 | 47.53 (0.59%) |
| FTSE 100 | 9722.07 | 13.54 (0.14%) |
| Hang Seng | 25855.50 | -80.41 (-0.31%) |
| Nikkei 225 | 50343.94 | -684.48 (-1.34%) |
| Taiwan Weighted | 27812.59 | 16.88 (0.06%) |
| Dow | 47863.57 | -52.49 (-0.11%) |
| US Tech Composite | 23518.82 | 43.3 (0.18%) |
| S&P | 6876.30 | 3.82 (0.06%) |
| US 30 | 47840.10 | -159.7 (-0.33%) |
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.
How can I track GIFT NIFTY live today?
GIFT NIFTY live movements can be tracked on NSE IX, financial news websites, and trading platforms offering real-time data on price, volume, and global market sentiment.
How is GIFT NIFTY different from SGX Nifty?
GIFT NIFTY is traded on NSE IX in India’s GIFT City, replacing SGX Nifty. It operates under Indian regulations, whereas SGX Nifty was traded in Singapore.
Is GIFT NIFTY the same as NIFTY 50?
GIFT NIFTY represents derivative contracts based on the NIFTY 50 index. While NIFTY 50 is a benchmark index, GIFT NIFTY allows global investors to trade futures.
What are the different GIFT NIFTY contracts available?
GIFT NIFTY offers futures contracts like GIFT NIFTY 50, GIFT NIFTY Bank, GIFT NIFTY Financial Services, and GIFT NIFTY IT, enabling investors to trade across multiple market segments.
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.
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