About Gift Nifty
Gift Nifty live is a futures contract linked to the Nifty 50 index. It operates in two trading sessions, the first which runs from 6:30 am to 3:40 pm IST, and the second session which runs from 4:35 pm to 2:45 am IST. This extended trading window of nearly 21 hours helps coordinate with the timings of international markets. Since the Gift Nifty opens earlier than Indian indices, investors take cues on Indian market trends from this index.
The Gift Nifty index was rebranded from SGX Nifty on the Singapore Stock Exchange. Post rebranding it was shifted to the new NSE international exchange in GIFT City, Gujarat as of July 3, 2023. Strategically, the shifting of Nifty derivative trading from SGX to the India-based Gift Nifty enables better regulatory oversight for this index.