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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
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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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