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Gift Nifty

GIFT NIFTY

₹24496

7 (0.03%)

As on October 24, 2024 at 02:15 AM

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GIFT NIFTY Performance

24,387

24,678

24,570

About GIFT NIFTY

What is GIFT Nifty?

Gujarat International Finance Tech-City Nifty or GIFT Nifty is India’s first international financial service centre. GIFT Nifty Live provides investors with real-time data and updates on the price movements of Nifty 50 contracts traded on the NSE IFSC platform. This helps investors monitor the market, analyze trends, and implement trades efficiently. With GIFT Nifty investors can access the Indian stock market. The GIFT Nifty chart may be used to assess trends and performance to make well-informed trading decisions. 

What are the Timings of GIFT Nifty?

The GIFT Nifty Index has two trading sessions: the first runs from 6:30 a.m. to 3:40 p.m., and the second from 4:35 p.m. to 2:45 a.m. the next day, as per IST. The new timings of GIFT Nifty mean that they will overlap with the trading hours of the US, European, and Asian markets. Understanding these timings can help you gather useful information to analyze today's GIFT Nifty live chart and make smart decisions.

Why is SGX Nifty being shifted to GIFT Nifty?

As part of a partnership between the National Stock Exchange (NSE) and the Singapore Exchange (SGX), the SGX Nifty, which was formerly traded on the Singapore Exchange, is being converted to the GIFT Nifty. The key reasons include the following.

  • Strengthen India’s Financial Markets: By moving transactions to GIFT City, India hopes to attract more offshore trading activity domestically. This campaign also promotes the growth of GIFT City as a worldwide financial hub. 
  • Low Trading Costs: Trading in GIFT Nifty live can be more cost-efficient due to tax incentives and reduced regulatory burdens in the IFSC. The also makes sure that trading in Indian derivatives is more aligned with domestic regulatory loversight.

How to Trade in GIFT Nifty?

To trade in GIFT Nifty live today follow the steps mentioned below. 

  1. Open Trading Account:  Choose a broker that is registered with GIFT IFSC. For opening a trading account, you need to complete the KYC requirements by submitting identity and address proof.
  2. Fund Your Account: Deposit funds to your account through a designated bank or authorized financial institution. After funding the accounts you can place an order for GIFT Nifty contracts, including Nifty futures and options.
  3. Track the Market: Monitor the market within the trading window that remains operational for nearly 24 hours. For real-time insights, you can track updates of GIFT nifty live today​.
  4. Place Orders: Finally, place your orders in Gift Nifty. You can trade in Gift Nifty derivatives such as futures and options based on your investment strategy, financial objectives and, risk appetite.

Faqs on GIFT NIFTY

Yes, Indian traders can participate in GIFT Nifty trading through brokers that offer access to the NSE IFSC platform in GIFT City.

Traders generally use the price movement in the GIFT Nifty to understand the gap-up and gap-down before the stock market opens. However, you should be careful while predicting the performance of Nifty 50 using Gift Nifty as they work on different exchanges.

GIFT Nifty is a stock market index that shows the performance of companies on the Indian National Stock Exchange (NSE). It is made for international investors and with the purpose of trading in the newly developed Gujarat International Finance Tec-City abbreviated as GIFT City. The index determines the capability of the Indian economy within the Institutional Shareholder Services financial market.

GIFT Nifty operates in two different trading sessions. The first session starts from (6:30 am to 3:40 pm), whereas the second session operates from 4.35 pm to 2.45 am (until the next day). This schedule allows international traders to participate conveniently and enhances market accessibility and efficiency.

GIFT Nifty offers different derivative contracts, including futures and options based on the Nifty 50 index.  Below are the different types of GIFT Nifty contracts:
GIFT Nifty 50: This contract follows the Nifty 50 index, which includes 50 major Indian companies.
GIFT Nifty Bank: This contract tracks the Nifty Bank Index, featuring the top 12 largest banks in India.
GIFT Nifty Financial Services: This contract follows the Nifty Financial Services index, which includes the 25 biggest financial services companies in India.
GIFT Nifty IT: This contract tracks the Nifty IT Index, consisting of the 25 largest IT companies in India. 
 

The GIFT Nifty has a T+1 settlement cycle indicating that the trades are cleared on the next business day after the transaction took place. That is, if the particular trade was accomplished in the evening of Monday or the morning of Tuesday at the latest then it is settled in the following afternoon of Tuesday.

GIFT Nifty often reflects the mood of the market. Therefore, it goes a long way to influencing the trading methodologies in the Indian stock market. A shift in GIFT Nifty trends could thus prove to be influential on investor behavior on domestic exchanges. It also helps evaluate potential market trends and the economic scenario.

The GIFT Nifty options pertain to the Nifty 50 index and are restricted to the Indian market whereas the Dow Jones options are based on the US stocks. They cater to specific market conditions and have a range of investors. A common form of GIFT Nifty options involves the ability to access the Indian economic factors, unlike Dow Jones options.

Currently, GIFT NIFTY stands at 21,761.00, slightly lower than the previous close of 21,784.50, indicating a minor decline in performance as of 9 Feb 2023

GIFT Nifty can be used to hedge against market downturns by taking short positions in Nifty futures or options. This strategy helps protect existing investments from losses. It allows investors to balance risks associated with their investment portfolios effectively.