GIFT NIFTY

The Gift Nifty has been relocated to the NSE IX in Gandhinagar, India, marking a significant shift in Indian financial markets trade. This move is used by hedge funds and institutional investors to hedge their exposure to the stock market.

There will be two trading sessions at Gift Nifty, the first from 6.30 am to 3.40 pm and the second from 4.35 pm to 2.45 am the next morning.

This is the most popular Gift Nifty contract, which tracks the Nifty 50 index. GIFT Nifty Bank: This product tracks the Nifty Bank index, which includes India's 12 major banks.

The final settlement price will be decided under the relevant NSE IX contract parameters, and it is the official closing price of the NIFTY Financial Services Index on the last trading day. The SGX Position Limit will apply to NSE IFSC Nifty contracts certified by SGX-DC.

The transfer of Gift Nifty to the NSE International Exchange (NSE IX) in Gandhinagar, India, marks a fundamental shift in the landscape of trade in Indian financial markets. Hedge funds and institutional investors use Gift Nifty Live as a strategic tool to mitigate their exposure to the Indian stock market.

The Indian financial markets plunged, and worldwide housing values began to decline, prompting considerable concern throughout the world. As a consequence, we can infer that the five-year charts of the Nifty 50 and Dow Jones Industrial Average reveal a strong correlation between the two markets.

The movement of the domestic indexes has long been predicted by the SGX Nifty. Currently, however, the SGX Nifty is now called 'GIFT NIFTY' and is moved to the new international exchange NSE IFSC in GIFT City, Gujarat. 

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 other investments by taking positions that counterbalance potential losses in correlated assets, mitigating overall portfolio risk.