Finance:GIFT Nifty
Template:Infobox financial index GIFT Nifty is a financial index that serves as an indicator for the Indian stock market. It was rebranded from SGX Nifty and shifted to the new international exchange NSE IFSC in GIFT City, Gandhinagar, Gujarat. The index began trading under its new name on July 3, 2021.[1]
Background
The SGX Nifty had long been a key indicator for India's domestic stock market indices.[2] The transition to GIFT Nifty was part of a broader strategy to centralize international financial services in GIFT City, a hub for India's financial sector and a key initiative under the Smart Cities Mission led by Prime Minister Narendra Modi.[3]
Operational details
GIFT Nifty operates in two trading sessions. The first session runs from 4:30 am to 2:00 pm IST, and the second session is from 3:30 pm to 11:30 pm IST. This extended trading window aims to align with international market timings.[4]
See also
- GIFT City
- Smart Cities Mission
- National Stock Exchange of India
References
- ↑ "What is GIFT Nifty, which started trading from July 3". Indian Express. https://indianexpress.com/article/explained/explained-economics/what-is-gift-nifty-which-started-trading-from-july-3-8749073/.
- ↑ "What is GIFT Nifty?". Equity Pandit. https://www.equitypandit.com/giftnifty/.
- ↑ "What is GIFT Nifty, the new avatar of the India-Singapore joint stock exchange now in Gujarat". The Print. https://theprint.in/theprint-essential/what-is-gift-nifty-the-new-avatar-of-the-india-singapore-joint-stock-exchange-now-in-gujarat/1660722/.
- ↑ "SGX Nifty is now GIFT Nifty: Timings, how to check data, key changes explained". Economic Times. https://economictimes.indiatimes.com/markets/stocks/news/sgx-nifty-is-now-gift-nifty-timings-how-to-check-data-key-changes-explained/articleshow/101444084.cms?from=mdr.
External links
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