NSE International Exchange Reveals the Redefined Gift Nifty

Prepare for a ground-breaking shift in the investment landscape as NSE International Exchange (NSE IX) introduces a fresh and invigorated brand identity for Gift Nifty. Starting July 3, 2023, Gift Nifty will replace SGX Nifty, offering international investors a unique gateway to participate in India’s extraordinary growth story. This exciting revamp aligns Gift Nifty with the renowned NIFTY 50 index, symbolizing the incredible potential of Indian equity markets.

But that’s not all! Accompanying the new Gift Nifty logo is the recent announcement of NSE IX-SGX Connect, set to launch on the same date. This strategic collaboration between NSE IX and SGX allows Gift Nifty orders to be routed through NSE IFSC for seamless trading, execution, and clearing via SGX Derivatives Clearing.

The initial offering includes Gift Nifty 50, Gift Nifty Bank, Gift Nifty Financial Services, and Gift Nifty IT derivative contracts on NSE IX. And that’s just the beginning! These contracts are accessible for almost 21 hours, which overlaps Asia, Europe, and US trading hours. Gift Nifty offers a single pool of liquidity and venue to access USD denominated Nifty derivatives at NSE IX under the regulatory framework of International Financial Services Centre Authority (IFSCA). 

But wait, there’s more! NSE IX also revealed its new corporate brand identity, featuring a distinctive design of the “IX” emblem alongside NSE. This visual transformation signifies NSE International Exchange’s ambition and vision to become a global leader in the dynamic capital market landscape.

Commenting on the occasion:

Shri Injeti Srinivas, Chairperson, IFSCA, said: “IFSCA aims to develop IFSC as a global gateway for inbound and outbound requirement of international financial services. Given the growing influence of international investors in India’s growth story, Gift Nifty plays a catalytic role in accessing a broad representation of Indian equities.  I take this opportunity to complement NSE IX on unveiling Gift Nifty brand identity and corporate identity.”

Shri Ashishkumar Chauhan, MD and CEO, NSE said: “The new identity of Gift Nifty signifies the unique opportunity and new direction for the international investors to participate in India’s growth story to access Nifty products through NSE International Exchange at GIFT City.  This brings us one step closer to the full-scale transition of SGX Nifty to Gift Nifty from July 3, 2023.  Gift Nifty will be a catalyst in achieving Hon’ble Prime Minister’s vision for GIFT City to become a price setter for largest traded instruments in the world.”

Shri V. Balasubramaniam, MD and CEO, NSE IX said: “GIFT Nifty offers global investors a single venue for the trading of USD denominated Nifty derivatives. This is an important milestone to begin the transformation of GIFT City financial landscape and make this a truly global IFSC.  NSE IX also unveils its new corporate brand identity which signifies the ambition and vision of NSE International Exchange to be a leader in global capital market landscape.”