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Trading terms and timing: All you wanted to know about Gift Nifty index

Gift Nifty will provide Indian investors cues on how domestic markets could react to global events

Gift Nifty

Gift Nifty

Samie Modak Mumbai

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The term Nifty has become synonymous with trading. The Nifty 50 and Bank Nifty indices are most-tracked by traders and are barometers for market sentiment. Starting July 3, market participants will hear another term more often: Gift Nifty. Who is this new kid on the block? Let’s find out:

What is Gift Nifty?

Well, it is not a kid. It was already very popular in its earlier avatar: SGX Nifty. Nifty derivatives contracts traded on the Singapore Exchange (SGX) were referred to as SGX Nifty. Trading in these contracts will now take place on Gujarat International Finance Tec-City (GIFT City)

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First Published: Jun 20 2023 | 11:56 AM IST

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