GIFT Nifty Live refers to real-time price movement in GIFT Nifty futures, a US dollar-denominated derivatives contract linked to India’s Nifty 50. Traded on NSE International Exchange (NSE IX) at GIFT City (IFSC), it replaced the earlier offshore SGX Nifty contract and is widely monitored as a global indicator of market sentiment for Indian equities outside standard NSE hours.
What is GIFT Nifty?
GIFT Nifty is an index futures contract based on the Nifty 50, listed on the NSE International Exchange (NSE IX) in GIFT City, Gujarat. The contract is denominated and settled in US dollars, making it accessible to international market participants within an IFSC framework.
Why SGX Nifty was replaced by GIFT Nifty
GIFT Nifty replaced SGX Nifty after the offshore Nifty derivatives ecosystem transitioned from Singapore Exchange (SGX) to NSE IX under a connectivity arrangement. This shift brought Nifty-linked offshore derivatives activity under India’s IFSC jurisdiction, with GIFT City positioned as the new trading hub for these contracts.
Why “GIFT Nifty Live” is tracked before Indian market open
GIFT Nifty trades for extended hours compared with the domestic Indian cash market, which makes it an early reference point for how global risk sentiment may be impacting India-linked equities.
Market participants often monitor GIFT Nifty live prices to interpret:
- Overnight global market moves
- Risk-on or risk-off sentiment across regions
- Potential opening direction for the Nifty 50 cash market
This is commonly discussed as an indicator rather than a guaranteed predictor of the market open.
GIFT Nifty trading hours (IST)
GIFT Nifty operates in two sessions on NSE IX:
| Session | Trading time (IST) |
|---|---|
| Session I | 06:30 AM to 03:40 PM |
| Break | 03:40 PM to 04:35 PM |
| Session II | 04:35 PM to 02:45 AM (next day) |
These extended hours are designed to overlap with multiple international market time zones.
Key differences: Nifty 50 vs GIFT Nifty
GIFT Nifty is not the Nifty 50 index itself. It is a futures contract whose underlying reference is Nifty 50.
| Feature | Nifty 50 | GIFT Nifty |
|---|---|---|
| Type | Equity index (benchmark) | Futures contract |
| Venue | NSE (India) | NSE IX (GIFT City, IFSC) |
| Currency | INR | USD |
| Use case | Measures market performance | Offshore access and extended-hours trading |
What impacts GIFT Nifty live prices
GIFT Nifty live movement typically reflects a mix of global and India-specific factors because it trades when Indian cash markets may be closed.
Common drivers include:
- Global equity index futures movement
- Currency market shifts impacting risk sentiment
- Major corporate earnings cues and macro headlines
- Broader global liquidity conditions during US and European hours
Because the contract is tied to Nifty 50, it tends to react quickly to global risk events and overnight news flow.
How GIFT Nifty is quoted and what “points” mean
GIFT Nifty is quoted in index points, similar to Nifty 50 futures, but the contract is traded and settled in US dollars. Live moves are usually shown as:
- Current level
- Change in points
- Percentage change
- Session high/low
Different platforms may present slightly different formats depending on their market data feed and update frequency.
Where GIFT Nifty live data is published
GIFT Nifty live quotes are widely displayed on major Indian market platforms and brokerage dashboards, including market trackers and business news portals.
FAQ
What does “GIFT Nifty Live” mean?
It means the real-time trading price of GIFT Nifty futures, a USD-settled derivatives contract linked to India’s Nifty 50 and traded on NSE IX in GIFT City.
Is GIFT Nifty the same as SGX Nifty?
GIFT Nifty replaced SGX Nifty after Nifty futures trading moved from SGX to NSE IX under an exchange connectivity arrangement.
Does GIFT Nifty decide the Nifty market opening?
GIFT Nifty is tracked as an early global sentiment indicator, but it does not guarantee the exact opening level or direction of the cash market.
What are GIFT Nifty trading timings in India?
It trades in two sessions: 06:30 AM to 03:40 PM IST and 04:35 PM to 02:45 AM IST (next day).
Final Verdict
GIFT Nifty Live represents real-time price action in Nifty 50-linked futures traded on NSE IX at GIFT City in US dollars. After replacing SGX Nifty, it has become a key extended-hours reference point for India-related market sentiment, especially outside domestic NSE trading hours.
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