What is SGX Nifty (Explained)? And its importance in Indian markets! | Summary and Q&A

TL;DR

This video explains the concept of SGX Nifty, which is the Indian Nifty trading on the Singapore Exchange, and discusses its importance, trading hours, and impact on the Indian equity market.

Key Insights

• 😃 Singapore Exchange (SGX) is one of the biggest and fastest-growing exchanges in Asia, with constant acquisitions and a high net profit.
• 🇮🇴 SGX Nifty is the Indian Nifty trading on SGX, allowing investors to trade the Indian equity market even if they can't do so directly.
• 🤗 The contract size of SGX Nifty is denominated in US dollars, and the open interest is based on the number of contracts, not shares.
• ⌛ SGX Nifty's trading hours differ from the Indian equity market, with longer trading hours in SGX Nifty.

Transcript

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Questions & Answers

Q: What is SGX Nifty and why is it important?

SGX Nifty is the Indian Nifty trading on the Singapore Exchange. It is important because it allows investors and traders to participate in the Indian equity market even if they are unable to trade directly.

Q: Can Indian citizens trade SGX Nifty?

No, Indian citizens are not allowed to trade SGX Nifty. Only investors or traders who are not of Indian origin can trade SGX Nifty.

Q: What is the difference between Nifty and SGX Nifty?

Nifty is traded on the Indian stock exchange, while SGX Nifty is traded on the Singapore stock exchange. The contract size of SGX Nifty is denominated in US dollars, and the open interest is based on the number of contracts.

Q: What are the trading hours of SGX Nifty?

SGX Nifty trades in two sessions: the T session and the T+1 session. The T session starts at 9 a.m to 6:10 p.m, while the T+1 session starts at 6:40 p.m to 5:15 a.m. There is a half-hour break between the two sessions.

Summary & Key Takeaways

• The video introduces SGX Nifty, which stands for Singapore Exchange Nifty, and explains that it is the Indian Nifty trading on the Singapore Exchange.

• It discusses the significance of SGX Nifty, as it allows investors and traders who are unable to trade directly on the Indian equity market to participate.

• The video also explains the differences between Nifty and SGX Nifty, including the exchange they are traded on, contract size, and open interest.