subject: What Is SGX Nifty? [print this page] What Is SGX Nifty? What Is SGX Nifty?
SGX - Singapore stock nifty, SGX Nifty is used for derivative in "Singapore Stock Exchange", SGX is nothing but a joint venture of S&P nifty and Singapore exchange. SGX derivative nifty moves as per Indian stock exchange (NSE), according to nifty - 50 sgx moves and Singapore market give the permission to trade in Indian derivative. Because India and Singapore is in same continent and relate to each other market so that nifty directly relate to sgx.
If any up/down occurs in this market then it will reflect to other exchange. SGX is simply, Nifty Indian traded in Singapore exchange. In Asian context one of the most popular derivative product is the SGX NIFTY, it allows FII to take positions in the Indian market. The Singapore NIFTY is futures product where the underlying is the NIFTY Index from NSE and sgx derivative nifty settled on daily basis. India is 2.5 hours behind Singapore and market opens in SGX Nifty at 10:30 A.M in Singapore while in India at 8:00 A.M according to Indian standard time zone. Currently, NSE has given a license to SGX only for Nifty futures.
The Singapore economy is too small to sustain a serious financial market, so Singapore's future lies in being an international financial centre and many traders performed trading in Indian futures and Singapore nifty both. In Singapore market all deals performed under the dollars, means that foreign investors or FDI investor directly get currency protection when he trade in Singapore market. One major difference between NSE & SGX is margin; In SGX margin is lower than NSE. At Singapore stock exchange, there is no trading taking place of any Indian stocks where traders perform trading only in F&O segment & Indian futures. Singapore sgx nifty totally depends on Indian nifty-50 whenever nifty move then automatically sgx nifty will move.
In India most of traders' trade in Singapore exchange in the form of sgx nifty, traders who trade in Nifty-50 also trade in Singapore nifty, while volume of trading is less than comparison of Indian market. There are much research firm and financial advisory which provides live trend and derivative information about to Singapore market, trader can trade in Singapore market directly with the help of this firm. Now a day's many of blogs provides yousgx nifty live information, among these research firms Capitalvia Singapore website also provide sgxnifty future tips. Trader can trade in Singapore market through over the world.
