WHAT IS SGX NIFTY?
SGX essentially stands for Singapore Exchange Limited, which is the Stock Market of Singapore like the National Stock Exchange (NSE) of India. Nifty is the market index of India, introduced by the NSE. Combining both, we can say that SGX Nifty is the derivative of the Nifty Index, which is traded in the Singapore Stock Exchange (SGX).
It is necessary to note here that SGX Nifty is NOT the Index of the Companies of Singapore.
SGX Nifty derives its value from the Nifty Index of India, so its value is dependent on the Indian Companies.
The core difference between the 2 is:
| Sr. No. | Nifty Index | SGX Nifty |
| 1 | It is traded only on NSE, the Indian platform. | It is a futures traded platform in Singapore. |
| 2 | The contract size is minimum of 75 shares. | There is no minimum contract size. |
| 3 | They must include shares. | They don’t necessarily include shares. |
| 4 | It has a comparatively less number of customers and trading activities. | It has a comparatively high number of customers and trading activities. |
| 5 | it is a trading platform that works for 7 hours a day. | it is a trading platform that works for 16 hours a day. |
The SGX Nifty opens about two and a half hours before the Indian Market, which helps investors to keep an eye on the possible and predictable movement in the Indian Stock Market.
This was in brief about the SGX Nifty.
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