SGX Nifty also known as a Singapore Nifty, is the derivative of Nifty index traded officially in Singapore Stock Exchange (SGX). If we break the term into two parts, we get SGX and Nifty.
SGX Nifty is one of the most popular derivative among the foreign investors as it gives them the opportunity to take a position in the Indian Stock Market.
Since SGX is basically Nifty futures trading on the Singapore stock exchange, it is not uncommon to consider its effects on the Indian markets and vice versa.
The movement of the SGX Nifty can be a very good point to begin for the Indian stock exchange primarily due to the trading hours.
While the NSE Nifty trades from 9:15 a.m. – 3:30 p.m. IST (6.5 hours), the SGX Nifty trades from 6:30 a.m. to 11:30 p.m. IST (16 hours).
The difference of 9.5 hours is quite significant and suggests a lot of economic changes and fluctuations in the
The Futures contracts settlement is based on the Nifty settlement price in the National Stock Exchange (NSE, India). This provides the international investors, the flexibility of betting on Indian markets without having to register the entity with the Indian authorities. Since the SGX allows for 24 hours trading via aftermarket trades, traders can hedge their bets at any time. It can also be considered a good indicator, to where Indian market will open the next day. Due to this a lot of traders keep up with the live chart to check the performance of SGX Nifty.
SGX Nifty moves with respect to the NSE Nifty 50 and gives it a direction.
The Impact of SGX Nifty has been clear through the trend.
The derivative contract size of each SGX Nifty contract is US$2 (Current Price of Nifty Index futures price), while the minimum price movement of the futures contract is US$1, which means it is equal to 0.5 index price movement.
The contracts available for trading can be divided into two types
The contracts are cash settled based on the closing volume weighted average price (VWAP) of S&P Nifty index as on 06:00 p.m. SGT (Singapore Time) or 03:30 p.m. IST. The closing price of Nifty 50 is based on the average of the last half hour of trading and is not the final value.
SGX Nifty is also known as a Singapore Nifty which involves taking a position in the Singapore Exchange on Futures contracts. The Futures contract settlement is based on the NIFTY settlement price in the Indian stock exchange NSE. It gives international investors the flexibility of betting on Indian markets without having to set up or register an entity with the Indian authorities. Since the SGX allows for 24-hour trading via aftermarket trades, investors can hedge their bets at any time. Plus, it is also considered an excellent indicator of where the Indian market will open the next day, and due to this, lots of traders follow this to check how SGX Nifty is doing.
It is the leading exchange of Asia, which allows its investors to take positions in various products based on the futures which are to be traded on an exchange. And, apart from India the exchange also allows one to take jobs in FTSE, China A50 index, MSCI Asia, MSCI Hong Kong, MSCI Singapore, MSCI Taiwan, Nikkei 225, Strait Times, etc. Thus, FIIs can take positions in all significant indices while being in Singapore. Here, we bring you SGX Nifty Live Chart & Quotes to know about the expected opening levels of NSE Nifty before the market opens. Also, there are some significant factors of SGX Nifty listed below:
The Intraday trades take place only during these specific periods that are given below:
The derivative contract size of every SGX Nifty contract can be calculated below:
And as per the regulations of the SGX Exchange, the minimum price movement of the SGX Nifty futures contract is about US$1, which means it is equal to 0.5 in the index price movement. Also, the contracts, which are available for trading, can be divided into two kinds:
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