1. What are the trading timings for GIFT Nifty?

On GIFT, Nifty trading occurs in two sessions per day. Session I is 6.30 AM to 3.40 PM IST, followed by a break from 3.40 PM to 4.35 PM IST, and Session II is 4.35 PM to 2.45 AM IST. This provides GIFT Nifty with 21 hours of trading per day.

2. What is GIFT Nifty, and what does it stand for?

GIFT Nifty is the abbreviated form of Gujarat International Finance Tec-city Nifty. It is a USD-denominated Futures contract based on the underlying asset of Nifty-50. It is traded on the NSE International Exchange, located in GIFT City, IFSC, in Gandhinagar, Gujarat.

3. What is the difference between GIFT Nifty and SGX Nifty?

GIFT Nifty is traded in GIFT City, Gujarat, and is traded during extended hours of Indian Standard Time. It is regulated under IFSCA and other Indian laws. On the other hand, SGX Nifty, which was delisted on July 3, 2023, was traded on SGX, Singapore. It was operated under the regulations of Singapore.

4. Can Indian traders trade GIFT Nifty?

No. Indian resident traders can not trade GIFT Nifty contracts. It is available only to the Foreign Portfolio Investors( FPIs), Non-Resident Indians (NRIs), and eligible foreign institutions that open accounts with the IFSC authorised brokers registered with NSE IX.

5. What is the difference between GIFT Nifty and Nifty 50?

The Nifty 50 is a domestic equity index that is traded on the NSE in terms of Indian Rupees (INR) and is accessible to all Indian retail investors through normal trading accounts on Dhan and regulated by SEBI. It trades from 9:15 AM to 3:30 PM IST. GIFT Nifty is a futures contract on Nifty 50, which is traded in US Dollar (USD) at GIFT City with the regulator IFSCA, which is open to foreign investors and NRIs, and trades for about 21 hours per day.