What is SGX Nifty Live?
SGX Nifty Live represents Singapore Exchange Nifty live quote. It simply works by trading Nifty Contracts in SGX. SGX Nifty live is regarded as a future major NSE Index Nifty that's traded over Singapore Exchange. Singapore Nifty which is well-known as SGX Nifty Live is essentially a derivative product introduced by Indian Nifty Index to be traded in the Singapore stock market. SGX Nifty and Indian Nifty Index are highly correlated.
It's imperative to understand that not all the Nifty companies' stocks have been traded at SGX. The movement of the SGX Nifty is highly correlated to the Indian Nifty index. It is crucial to understand that not all of the stocks that Nifty encompasses are traded in SGX.
SGX Nifty Live signifies Indian Nifty in Singapore Stock Exchange. It signifies the direction of the Indian Stock Exchange. Singapore and Indian belong to the same continent.
You may want to check the Gift Nifty Live also.
Why is SGX Nifty Live view so important? And why do traders watch it so closely?
Before we answer this question, it is important to understand below facts:
1) Indian stock markets (NSE & BSE exchanges) only allow stock trading between 9:15am to 3:30pm on weekdays only.
2) NSE Nifty 50 is considered the most important broad market index for Indian markets
3) SGX Nifty Live tracks the movement of Nifty and is available to trade for much longer hours
Because of the reasons mentioned above traders want to know how the various announcements, events or results are going to impact the market the next day so they can prepare themselves well in advance for the market opening.
What is the timing for SGX Nifty Live?
Intraday trades take place only during these specific periods that are given below:
FIRST or T session: 09.00am – 06.15pm(SGT) or 06.30am - 3.45pm(IST)
SECOND or T+1 session: 06.40pm – 04.45am(SGT) or 4.40pm - 2.45am(IST)
What is the rate at which SGX Nifty Live trades?
SGX Nifty live is the price at which the Indian Nifty is traded in the Singapore Stock Exchange (SGX). The price settlement price for future contracts of the SGX Nifty is same as the Nifty Futures price for the current month in the Indian stock exchange NSE.
This allows international investors to trade in Indian markets without having to register or set up their entities with the Indian authorities. The contract size for SGX Nifty Futures is calculated using the following formula:
Contract Size = US$2 * Current Price of Nifty Index futures price
The minimum price movement of the SGX Nifty futures contracts is US$1 so the price change on SGX Nifty happens in the multiple of 0.50
What factors impact SGX Nifty movements?
1) Global market cues from US, EU & Asia all have an impact on SGX Nifty movements. US market impacts SGX Nifty movements during US market hours. Similarly, Asian market affects the SGX Nifty in the early morning trades.
2) Important events such as RBI policy, election results, GDP or job numbers also impact SGX Nifty swings.