Investors who are unable to access Indian markets due to some reasons, but still want to take an exposure in Indian market can trade in SGX Nifty. Both singapore and India are located in the same continent and also due to global effect of share trading, the SGX nifty tends to move more or less in same direction as that of Indian market Hence, can be used by traders to predict the opening of Nifty/Sensex. SGX Nifty provide different trading timings that enable the investors to trade in SGX even if the India’s market is closed SGX Nifty is available 6:30 AM to 11:30 PM as per Indian Standard Time(IST)
So, we can summarize SGX Nifty in following simple points
- Singapore Nifty (SGX Nifty) is derivative of Nifty index that is traded in Singapore Stock Exchange.
- SGX Nifty is the first indication of initial direction of Indian stock markets.
- It impacts Indian markets due to globalization factors and due the reason that Singapore & India are both in same continent i.e Asia.
- SGX Nifty is available 6:30 AM to 11:30 PM as per Indian Standard Time.
- SGX act as a good prediction indicator for Indian stock traders
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Nice information for trader friends.. Good day my friend..
ReplyDeleteNice info bro.. thanks a lot
ReplyDeleteThanx for the info. What are the formalities/ how can the account be opened for SGX Nifty?
ReplyDeleteThanx for the info. How can the account be opened for SGX / what are the other formalities?
ReplyDeleteHi Puru Ji, as far as I know Resident Indians are not allowed to trade on derivative products on international markets.
DeleteSo No, not possible.
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ReplyDeletenice article.Indian stocks are on a trip of their own, out of sync with the real economy with every passing day. A five-week rally has extended at a time when GDP growth is slowing down and an earnings revival remains uncertain for indian stock market.
ReplyDelete