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GIFT NIFTY Turns 1 Today

03 July 20244 mins read by Angel One
The Gift Nifty was launched on July 3, 2023, when $7.5 million in derivative trade was transformed from Singapore to the NSE International Exchange in Gandinagar, Gujarat.
GIFT NIFTY Turns 1 Today
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Gift Nifty today turns 1 year old, and in this 1 year, we can see that the strategic move from SGX Nifty to Gift Nifty was excellent, and the Indian stock market digested this one very well.
This increased oversight by Indian authorities will likely lead to stricter regulations and monitoring of trading activities, which could help prevent market manipulation and insider trading. Additionally, having a regulatory framework in place for Gift Nifty contracts will provide investors with more confidence in the market, ultimately attracting more participants and increasing liquidity. Overall, this move is expected to enhance the overall integrity and stability of the Gift Nifty market in India.

It also reflects India’s growing importance in the global financial markets and its efforts to attract more foreign investors. The relocation of Gift Nifty to India is likely to boost liquidity and trading volumes, making it a more attractive instrument for both domestic and international investors looking to gain exposure to the Indian stock market. Overall, this development marks a new chapter in the evolution of India’s financial markets and reinforces its position as a key player in the global economy.

Gift NIFTY Turns 1 year old

Gift Nifty in one year offers mainly 4 financial products:

  • GIFT Nifty 50
  • GIFT Nifty Financial Services
  • GIFT Nifty Bank
  • GIFT Nifty IT

All the above derivative contracts are trading in the Gift Nifty segment, and the $7.5 billion business is much higher in a one-year time period after SGX Nifty transformed into Gift Nifty. 

This move signifies a significant shift in the trading landscape as NSE IX emerges as a key player in the global financial market. The addition of these derivative contracts not only expands the range of products available for trading but also enhances liquidity and depth in the market. 

Month  Data (In Billion $)
June 2024 95.55
May 2024 88.10
April 2024 82.04

GIFT NIFTY Up Today

The completion of the 1-year timespan and global indices supported the gift nifty. We can see the significant move in the git nifty today and the continuous rally in the near future as per strong DII and FII trading in this segment.

Conclusion: This shift from the SGX Nifty to the Gift Nifty has brought about a more transparent and fair trading environment for all investors in the Indian stock market. With Gift Nifty aligning with the Indian market timings, there is less room for manipulation and unfair advantage for certain players.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.

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