What is GIFT Nifty?
A futures contract on the NIFTY 50 index, traded on NSE International Exchange (NSE IX) in GIFT City, Gujarat. Because it trades for about 21 hours a day, it shows where NIFTY is likely to open before the Indian market starts.
Is GIFT Nifty the same as SGX Nifty?
It replaced SGX Nifty: trading moved from the Singapore Exchange to NSE IX in GIFT City in July 2023.
What are GIFT Nifty's trading hours?
Two sessions, India time: 06:30 to 15:40, and 16:35 to 02:45 the next morning, Monday to Friday.
How do I read the gap?
Compare GIFT Nifty with NIFTY's last close before 09:15. Well above it points to a gap-up open, well below to a gap-down, within about 0.15% to a flat open. It is a guide, not a promise: news before the open can change it.
Why is GIFT Nifty above NIFTY during market hours?
It is a futures price, so it usually carries a small premium over the NIFTY index for the days left to its expiry.