TheTaxHeaven Dictionary - Know the meaning of tax

SGX Nifty | SGX Nifty Future | Singapore Nifty | SGX Nifty India

What is SGX Nifty?

SGX Nifty is a futures contract for the Nifty 50 index traded on the Singapore Stock Exchange. It allows international investors to speculate on the Indian stock market outside Indian market hours. 

Who can trade on the SGX Nifty?

Trading in SGX Nifty is permitted for foreign portfolio investors and non-resident Indians. Indian residents are not permitted to trade in it. It provides an alternative for those who cannot access the Indian Markets. 

SGX Nifty Futures are traded for 16 hours from 6.30 AM to 11.30 PM (IST), compared to Nifty's trading hours from 9:00 AM to 3:30 PM on the NSE. 

What are the benefits of the SGX Nifty?

SGX Nifty provides an opportunity for investors without access to Indian markets to engage in trade in US dollars. The extended trading hours attract more international investors to the Indian derivatives market. The geographic proximity between Singapore and India ensures faster connectivity and minimal lag time. 

How does Nifty differ from SGX Nifty?

Nifty is an index of the top 50 companies in India, traded on the NSE during Indian trading hours. SGX Nifty, a derivative product based on the Nifty index, is traded on the Singapore Stock Exchange. The regulatory bodies and trading hours for the two also differ.