SGX Nifty Explained: What It Is, How It Works, and Why Indian Traders Still Watch It Every Morning

SGX Nifty Explained: What It Is, How It Works, and Why Indian Traders Still Watch It Every Morning

Every morning, before the National Stock Exchange opens at 9:15 AM IST, thousands of Indian traders do the same thing: check SGX Nifty. It’s become such a deeply ingrained habit in Indian trading culture that the term has outlived the instrument itself. Because here’s what most guides won’t tell you upfront — SGX Nifty, as it originally existed, no longer trades in Singapore. It moved to India in July 2023 and was officially renamed GIFT Nifty. …