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SGX Nifty

SGX Nifty is a derivative of the National Stock Exchange’s Nifty index and trades officially on Singapore Stock Exchange (SGX). SGX Nifty thus moves with respect to Nifty50. The index opens at 8:00 AM Singapore t...SGX Nifty is a derivative of the National Stock Exchange’s Nifty index and trades officially on Singapore Stock Exchange (SGX). SGX Nifty thus moves with respect to Nifty50. The index opens at 8:00 AM Singapore time on all working days and suggests the initial direction of the Indian stock market.

While Nifty trades for 6.5 hours on NSE from 9:00 AM to 3:30 PM (IST), SGX Nifty Futures trade for 16 hours from 6.30 AM to 11.30 PM (IST). Since SGX Nifty trades for longer hours, it can capture global trends even when Indian markets are closed for trade.
It is an attractive product for foreign investors, who want to take a position in Indian stock market, but do not want to register with Indian authorities. The index is also popular among hedge funds that are exposed to Indian market.

The index is considered a good indicator to know how Indian market will open on a day. A lot of traders follow it to predict the direction of Indian stock market. Intraday traders can take long or short positions in Indian stock market depending on the movement in SGX Nifty.

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SGX Nifty

SGX Nifty is a derivative of the National Stock Exchange’s Nifty index and trades officially on Singapore Stock Exchange (SGX). SGX Nifty thus moves with respect to Nifty50. The index opens at 8:00 AM Singapore time on all working days and suggests the initial direction of the Indian stock market.While Nifty trades for 6.5 hours on NSE from 9:00 AM to 3:30 PM (IST), SGX Nifty Futures trade for 16 hours from 6.30 AM to 11.30 PM (IST). Since SGX Nifty trades for longer hours, it can capture global trends even when Indian markets are closed for trade.It is an attractive product for foreign investors, who want to take a position in Indian stock market, but do not want to register with Indian authorities. The index is also popular among hedge funds that are exposed to Indian market.The index is considered a good indicator to know how Indian market will open on a day. A lot of traders follow it to predict the direction of Indian stock market. Intraday traders can take long or short positions in Indian stock market depending on the movement in SGX Nifty.

GIFT Nifty down 20 points; here's the trading setup for today's session

In the short term, the sentiment appears to favor the bulls. On the higher end, the index may move towards 23,750–23,800. The sentiment is likely to remain strong unless the Nifty falls below 22,300

GIFT Nifty up 40 points; here's the trading setup for today's session

Going ahead, analysts said a sustained market recovery would be largely dependent on global developments around the US tariffs as well as continued buying interest in domestic equities.

GIFT Nifty down 155 points; here's the trading setup for today's session

Any upside bounces from here could encounter resistance around 22300 levels. A decisive move above 22500 levels could confirm short term bottom reversal in the Nifty. On the other side, further fall below 20,000 levels could find next support around 21800-21700 band.

GIFT Nifty down 20 points; here's the trading setup for today's session

Given weak global cues and lack of domestic triggers, analysts said Indian equities are expected to remain largely subdued, though a continued buying interest in the broader market could provide some support to the market.

GIFT Nifty up 90 points; here's the trading setup for today's session

Analysts say this could provide some relief in the current volatile environment. Further, the current week is set to be dynamic for global and Indian markets, driven by key macroeconomic data releases, Fed Chairman Jerome Powell's speech and the impact of major tariffs by the US president.

GIFT Nifty down 115 points; here's the trading setup for today's session

The support level at 22500-22400 appears to be crucial for the Nifty50 index in the near future and requires careful observation. Its ability to hold may determine whether a rebound is possible or if further declines are imminent.

GIFT Nifty down 20 points; here's the trading setup for today's session

GIFT Nifty down 110 points; here's the trading setup for today's session

Nifty has closed at a multi-day low amid increased bearish sentiment. The RSI (14) has entered a bearish crossover. On the lower end, a correction towards 22,500 looks possible in the short term, while on the higher end, 22,850 might continue to remain a strong resistance.

GIFT Nifty down 5 points; here's the trading setup for today's session

Given the current scenario, we maintain a negative outlook on the index and recommend a "sell on rise" strategy. However, individual stocks continue to present trading opportunities on both sides, and participants should adjust their focus accordingly

GIFT Nifty down 40 points; here's the trading setup for today's session

Analysts expect Nifty to consolidate near its current levels in the absence of any fresh triggers, as it can be seen holding above 22,800-22,900 levels since the past seven trading sessions supported by buying at lower levels.

GIFT Nifty down 40 points; here's the trading setup for today's session

Technically, Nifty 50 remained below the 23,000-support level but after taking support near 23,800 multiple times, the index may try to break above 23,000 in coming sessions if positive cues persist.

GIFT Nifty up 20 points; here's the trading setup for today's session

Giving his take on yesterday's action, Rupak De, Senior Technical Analyst at LKP Securities said that Nifty witnessed another day of volatility as the index failed to take a clear direction.

GIFT Nifty up 5 points; here's the trading setup for today's session

Giving his take on the day's action, Rupak De, Senior Technical Analyst at LKP Securities said that the Nifty closed significantly higher from the day’s low, driven by buying interest at the lower end of the range. However, sentiment remains weak, he said, adding that the heartbeat index failed to reclaim the key Fibonacci retracement level.

GIFT Nifty up 35 points; here's the trading setup for today's session

With the earnings season behind us, market focus will shift to trends in FII flows and currency movements for further cues. Additionally, speculation regarding US tariffs and their impact on global trade will remain a key factor to watch.

GIFT Nifty up 100 points; here's the trading setup for today's session

The short-term trend of Nifty remains positive, but the market is lacking the strength to surpass immediate hurdles. A decisive move above 23,250 levels could confirm a near-term bottom reversal pattern in the market. Immediate support is placed at 22,800 levels

GIFT Nifty up 20 points; here's the trading setup for today's session

A confirmation of the reversal pattern could possibly open a sizable upside bounce in the market. Immediate support is placed at 22,800 levels. A sustainable move above 23,150-23,200 levels could open more upside for the short term.

GIFT Nifty up 50 points; here's the trading setup for today's session

The larger degree bearish pattern like lower tops and bottoms is visible on the daily chart and the Nifty is now sliding down to form a new lower bottom below the swing low of January at 22,786 levels. However, any upside bounce from here could find strong resistance around 23,200 levels, said Nagaraj Shetti of HDFC Securities.

GIFT Nifty up 45 points; here's the trading setup for today's session

The daily momentum indicator has a positive crossover which is a buy signal and hence this minor degree pullback towards the support zone should be considered as a buying opportunity

GIFT Nifty down 20 points; here's the trading setup for today's session

The trend is likely to remain positive as long as the index stays above 23,450. On the higher end, resistance is placed at 23,700. A decisive move above 23,700 could lead to a rally toward 24,050.

GIFT Nifty up 20 points; here's the trading setup for today's session

Following the recent dip, market participants now await the outcome of the scheduled MPC meeting for further direction. While the anticipated 25 basis point rate cut appears to be priced in, the committee's stance on growth and inflation will be closely watched.

GIFT Nifty up 50 points; here's the trading setup for today's session

On the higher end, the index may continue to move towards 24,050 in the near term. Meanwhile, support is placed at 23,500, where maximum put writing is visible, said Rupak De of LKP Securities.

GIFT Nifty up 80 points; here's the trading setup for today's session

However, a decisive upside breakout of 23,500-23,600 levels could open more upside ahead. Immediate support is placed at 23,200 levels, said Nagaraj Shetti of HDFC Securities.

GIFT Nifty up 130 points; here's the trading setup for today's session

Indian markets declined as global cues weakened following Donald Trump's tariffs on Canada, Mexico, and China, raising trade war concerns. The US Dollar's rise pressured the Indian rupee to a record low of 87.29. Investor sentiment remained fragile with key market factors including global cues, corporate earnings, and the upcoming MPC meeting influencing direction.

GIFT Nifty down 180 points; here's the trading setup for today's session

Despite markets remaining open for the Budget, foreign investors' participation was very minimal. Hence, analysts say the actual reaction is likely to be witnessed in a day or two to understand whether the market has really discounted the Budget factor or not.

GIFT Nifty up 10 points; here's the trading setup for today's session

Investors will be closely tracking the Budget-related developments, with focus on capex and consumption linked sectors. Analysts expect the market to trade within a broad range, with stock specific action ahead of the Budget and ongoing Q3 results.

GIFT Nifty down 10 points; here's the trading setup for today's session

Benchmark indices staged a relief rally on Tuesday from Monday’s sharp losses while broader Mid and Small cap indices extended their declines as they continued to underperform on valuation and earnings concerns.

GIFT Nifty up 40 points; here's the trading setup for today's session

In the near term, the index is likely to remain under bearish control as long as it stays below 23,000 on a closing basis. On the downside, immediate support is placed at 22,800, and a breach below this level could lead to a decline toward 22,500. Conversely, a close above 23,000 might provide some short-term relief to the market.

GIFT Nifty up 110 points; here's the trading setup for today's session

The short-term trend of Nifty continues to be negative. The market is now placed at the support of around 22,700-22,650 levels (near 38.2% Fibonacci retracement). Immediate resistance is at 23,000 levels, said Nagaraj Shetti of HDFC Securities.

GIFT Nifty down 150 points; here's the trading setup for today's session

The near-term trend of the Nifty remains weak. A slide below the immediate support of 22975 levels could open the next downside towards 22800 levels. Any upside bounce towards 23350-23400 could be a sell-on-rise opportunity.

GIFT Nifty up 40 points; here's the trading setup for today's session

On the upside, immediate resistance is observed at 23,300, followed by a critical hurdle near 23,500. A sustained close above these resistance levels is crucial to negate the prevailing bearish sentiment and confirm a bullish reversal, said Hardik Matalia of Choice Broking.

GIFT Nifty down 30 points; here's the trading setup for today's session

On the upside, immediate resistance is now seen at 23,300, with a breakout above this level likely paving the way for targets of 23,600 and 23,800 in the near term., said Mandar Bhojane, Research analyst at Choice Broking.

GIFT Nifty up 35 points; here's the trading setup for today's session

Market analysts predict continued pressure on the markets in the short term. India VIX rose 3.9%, while several stocks are now under the F&O ban and the rupee settled lower against the US dollar.

GIFT Nifty up 70 points; here's the trading setup for today's session

Nifty appears to be gathering momentum for an upward move. The RSI on the hourly chart has rebounded from lower levels, showing a positive divergence that further strengthens the bullish outlook.

GIFT Nifty up 40 points; here's the trading setup for today's session

Looking ahead, analysts anticipate the market to maintain a cautious tone next week due to several domestic and global factors. Key corporate earnings from heavyweights such as Hindustan Unilever, HDFC Bank, ICICI Bank, BPCL, and Hindustan Petroleum are slated for release.

GIFT Nifty down 60 points; here's the trading setup for today's session

A sustainable move above 23,400-23,450 levels could possibly bring more short covering and push Nifty towards 23700. Immediate support is placed at 23150, said Nagaraj Shetti of HDFC Securities.

GIFT Nifty up 140 points; here's the trading setup for today's session

A sustainable move above the hurdle 23,300-23,350 levels could further strengthen the upside bounce in the market. At the lows 23,050 is going to be a crucial support for the market, said Nagaraj Shetti of HDFC Securities.

GIFT Nifty up 40 points; here's the trading setup for today's session

The negative chart pattern like lower tops and bottoms is intact on the daily chart and current upside bounce could possibly open another lower top formation in the short term.

GIFT Nifty up 150 points; here's the trading setup for today's session

The underlying trend of Nifty continues to be weak. Nifty is on the way down to the next lower support of around 22,800-22,700 levels . Any pullback up to 23,350 could be a sell-on-rise opportunity, said Nagaraj Shetti of HDFC Securities.

GIFT Nifty down 170 points; here's the trading setup for today's session

A decisive slide below the said support could open the next downside of around 23,260 and lower in the short term. Immediate resistance is at 23,700, said Nagaraj Shetti.

GIFT Nifty down 70 points; here's the trading setup for today's session

Analysts said a follow-up breach below 23,500 for Nifty would validate a sell-on-rise strategy, with further downside expected. Conversely, holding this support may lead to consolidation.

GIFT Nifty down 40 points; here's the trading setup for today's session

A sustainable move above the hurdle of 23,800 levels could confirm an upside bounce in the market. Immediate support is placed at 23,496 levels, said Nagaraj Shetti of HDFC Securities.

GIFT Nifty down 20 points; here's the trading setup for today's session

In the short term, Nifty is expected to consolidate between 23,500 and 23,900, with a breakout on either side, further determining the direction of the market.

GIFT Nifty up 40 points; here's the trading setup for today's session

The short-term trend of Nifty is weak and one may expect some more weakness in the coming sessions. The next lower supports are seen in the vicinity of 23,460 and 23,260 levels. Any upside bounce could find a hurdle around 23,800.

NSE looks to boost trading volumes at GIFT city

The Nifty is the worlds largest traded derivative index in the off-shore market.

GIFT Nifty up 30 points; here's the trading setup for today's session

Looking ahead to the second week of the year, the earnings season begins with IT major TCS, a key trigger as any signs of improvement in Q3 numbers could reverse the ongoing trend of FII outflows.

SGX Nifty to get delisted, reborn as NSE IFSC Nifty: What it means for traders

The Singapore Exchange has informed investors that SGX Nifty will be suspended from trading after the end of the session on 30 June, which is a Friday, and that it also intends to delist the security at a later date.

NSE gets approval to delist Nifty50 from SGX, SGX Nifty rechristened GIFT Nifty

The National Stock Exchange of India has been granted regulatory approval to remove Nifty50 futures from the Singapore Exchange, however, investors who use SGX Nifty as an early indicator will not be impacted. All trades on Nifty 50 futures on the Singapore Exchange will be taken over by the NSE IFSC Exchange and it's subsidiary NSE IFSC. The SGX Nifty positions will be converted to NSE IFSC Nifty positions on a conversion ratio of 1:1.

GIFT Nifty down 110 points; here's the trading setup for today's session

Analysts expect the gradual uptick to continue in the market over the next few days, alongside a close watch on Q3 earnings and the global cues as foreign markets reopen after year-end holidays.

GIFT Nifty down 40 points; here's the trading setup for today's session

The S&P BSE Sensex settled at 78,139.01, down by 109.12 points or 0.14% while the broader Nifty closed flat at 23,644.80, lower by 0.10 points. As 2024 ended, Nifty managed a 9% uptick over the previous year while Sensex rose by 8%.

SGX Nifty to be renamed as Gift Nifty from July 3

On April 14, Singapore Exchange (SGX) issued a notice saying full-scale operation of the NSE IFSC-SGX Connect with the transition of SGX Nifty derivatives to NSE IFSC will take place on 3 July 2023.

SGX Nifty is now Gift Nifty. Timings, how to check data & key changes explained

The SGX Nifty futures contracts have been rebranded as Gift Nifty as the $7.5 billion derivative trade shifts from the Singapore Exchange to the NSE International Exchange (NSE IX) in Gandhinagar, India. NSE MD and CEO Ashish Chauhan believes this move will set the prices in the morning for India and is seen as advantageous for non-resident players due to tax exemptions. For retail traders and investors, the migration between exchanges does not bring significant changes. Other derivative contracts, such as Gift Nifty Bank and Gift Nifty IT, will also be available on NSE IX.

GIFT Nifty down 50 points; here's the trading setup for today's session

Technically, after a short-term correction, the index has formed a reversal formation, which is largely positive, Shrikant Chouhan, Head – Equity Research at Kotak Securities said.

SGX Nifty: Last working day today before delisting, new avatar as Gift Nifty from Monday

SGX Nifty, the early indicator of the Indian stock market, will shift from Singapore Exchange to NSE International Exchange in Gujarat's Gandhinagar. SGX Nifty will be suspended and eventually delisted, while the index will be reborn as Gift Nifty on July 3. NSE IX, a subsidiary of NSE, offers USD-denominated Nifty derivatives and will have various derivative contracts, including Gift Nifty Bank and Gift Nifty IT. Open Interest in SGX Nifty of around $7 billion will move to Gift Nifty. Gift Nifty will be accessible for almost 21 hours, with trading hours and trackability remaining the same.

SGX Nifty derivatives would entirely trade from GIFT City from July 3

In July, 2022 Prime Minister Narendra Modi launched the NSE IFSC-SGX Connect, a joint venture between the National Stock Exchange of India (NSE) and the Singapore Exchange (SGX), which would trade and clear Nifty equity derivatives for global institutions.

GIFT Nifty down 175 points; here's the trading setup for today's session

The Nifty remained volatile during the session, oscillating between 23,600 and 23,900. The overall outlook remains negative for the short term, with potential downside risks. On the lower end, support is seen at 23,400, while resistance is expected around 23,870 in the near term

SGX Nifty starts trading as GIFT Nifty from today: All you need to know

Starting Monday, derivatives contracts of SGX Nifty, previously traded on the Singapore exchange, will begin trading on NSE's International Financial Services Centre (IFSC) in India. The shift is part of an arrangement between NSE and SGX. SGX Nifty/GIFT Nifty is a derivatives contract on NSE's Nifty index, allowing investors to gauge Nifty performance before Indian market opens. Nifty contracts on NSE are in rupees, while GIFT Nifty contracts are in US dollars. GIFT Nifty trading on IFSC offers benefits such as exemption from securities transaction tax, commodities transaction tax, dividend distribution tax, capital gains tax, and income tax.

GIFT Nifty up 15 points; here's the trading setup for today's session

As we step into the new year, auto sales data will be closely monitored for initial market cues. In the absence of any significant events, analysts said attention is likely to shift toward FII flows and currency movement, especially as the rupee continues to weaken against the US dollar.

GIFT Nifty up 55 points; here's the trading setup for today's session

The RSI indicator showed bearish momentum with a weak crossover, indicating sluggish movement. In the short term, the index may stay under pressure or struggle to rise to higher levels

Govt, regulators go all out to woo FPIs after offshore trading halt

The NSE has been losing out to the SGX Nifty on trading volumes and revenues.

Futures of NSE's sector index to be traded on Singapore Exchange

India Index Services & Products Limited (IISL), a National Stock Exchange (NSE) group company, and Singapore Exchange (SGX) will introduce futures on Indian sector-specific index futures on SGX.

NSE unnecessarily worried

The National Stock Exchange (NSE) reportedly wants to advance the opening of trading in its Nifty derivatives.

PM to launch SGX Nifty trade at GIFT

National Stock Exchange and SGX have formed a special purpose vehicle (SPV) - NSE International Financial Service Centre (IFSC)-SGX Connect - to launch Nifty products at the Gift City. SGX Nifty Futures will be traded at GIFT city for close to 19 hours a day, said the person familiar with the matter.

GIFT Nifty down 10 points; here's the trading setup for today's session

For the upcoming monthly expiry, the 23,900–24,000 zone remains a critical hurdle, and a break beyond this range is required to spark positive momentum leading into the year-end. On the downside, the 23,600–23,500 range, representing the lower end of last Friday’s bearish candle, serves as immediate support, says Osho Krishnan of Angel One

Nithin Kamath on why moving away from SGX Nifty to Gift Nifty could be a game changer

Singapore Exchange (SGX) has shifted all open positions to Gift City, as SGX Nifty fully settles a five-year feud between NSE and Singapore Exchange. Nithin Kamath, CEO of Zerodha, believes this shift will help GIFT City become an international financial centre and attract more capital. Kamath also pitches for relaxations in the cumbersome NRI account opening process to further popularize GIFT City. V Balasubramaniam, CEO of NSE IX, expects the liquidity pool to grow as all Singapore orders will be routed into their platform, while local brokers from IFSC can also trade.

Existing OI of SGX Nifty

Brandt slams decision to stop index futures trading abroad

“It’s a shame and it is shortsighted. It will hurt India’s stock market."

'BUY' or 'SELL' ideas from experts for Friday, 4 October 2019

At 8:25 am the SGX Nifty was trading 23.50 points or 0.21 per cent higher at 11,382 .50.

SGX Nifty up 85 points; here's what changed for market while you were sleeping

Mostly Asian shares rose in morning trade on Friday after the sharp gains in the US indices, relieving investors who also cheered solid corporate earnings. However, a few dropped as tech firms in the spotlight after Apple and Amazon reported below-forecast earnings. MSCI's index of Asia-Pacific shares outside Japan was up by 0.61 per cent.

GIFT Nifty up 150 points; here's the trading setup for today's session

Analysts said the November low around the 23,250 zone now emerges as the next key support for Nifty, while the 23,850-24,000 range serves as a resistance zone for any recovery attempts.

SGX Nifty down 230 points; here's what changed for market while you were sleeping

Major Asian stocks opened lower on Friday after US stocks plunged on renewed anxiety over rising interest rates. MSCI's index of Asia-Pacific shares outside Japan was down by 1.25 per cent.

SGX Nifty rises 100 points; here's what changed for market while you were sleeping

Adani Green, Kotak Mahindra Bank, Adani Total Gas, Havells India, Tata Consumer Products, ABB India, Deepak Nitrite, IIFL Wealth Management, Laxmi Organics, Oracle Financial Services Software, SIS, Rain Industries and EIH are among the companies that will announce their March quarter results today.

SGX Nifty up 45 points; here's what changed for market while you were sleeping

Nifty50 on Monday made a 'Death Cross' as the 50-day simple moving average fell below its 200-day moving average. The last time the index made a 'Death Cross' was in March 2020.

'BUY' or 'SELL' ideas from experts for Friday, 9 December 2016

The BSE Sensex and NSE Nifty are likely to open higher on Friday tracking SGX Nifty and mixed global cues.

'BUY' or 'SELL' ideas from experts for Thursday, 06 February, 2020

Tata Global is a 'Buy' call with a target price of Rs 405 and a stop loss of Rs 387.

SGX Nifty up 70 points; here's what changed for market while you were sleeping

Asian stocks open higher on Wednesday with a big gain following a strong lead from Wall Street, with tech firms again seeing huge buying interest on hopes a long-running crackdown on the sector by China is coming to an end. MSCI's index of Asia-Pacific shares outside Japan was up by 1.10 per cent.

SGX Nifty down 260 points; here's what changed for market while you were sleeping

Mostly Asian shares drifted lower on Monday ahead of three consecutive public holidays, as investors focused on an upcoming US Federal Reserve monetary policy meeting. MSCI's index of Asia-Pacific shares outside Japan was down by 0.69 per cent.

'BUY' or 'SELL' ideas from experts for Thursday, 23 January, 2020

ACC is a 'Buy' call with a target price of Rs 1575 and a stop loss of Rs 1500.

'BUY' or 'SELL' ideas from experts for Thursday, 10 October, 2019

Concor is a 'Sell' call with a target price of Rs 545 and a stop loss of Rs 580.

GIFT Nifty down 10 points; here's the trading setup for today's session

On the levels front, 23,850-23,870 withholds a crucial hurdle, followed by the bearish gap of 24,000-24,150, and until these zones aren’t conquered, any bounce should be seen as an opportunity to lighten long bets. In contrast, 23,600-23,500 is likely to mitigate any shortcomings, while a breach could lead to further corrections towards 23,350 in the comparable period.