GIFT Nifty Future

GIFT Nifty (formerly SGX Nifty) is a US Dollar-denominated futures contract based on the Nifty 50 Index, traded on the NSE International Exchange (NSE IX) in Gujarat's GIFT City. It acts as an early indicator of how Indian markets will open and offers global investors nearly 21 hours of daily trading access.

Here are the most critical details you need to know:

• What it does: It tracks the top 50 Indian companies, allowing foreign investors, hedge funds, and NRIs to trade and hedge Indian equities outside standard Indian market hours.
• Trading Hours: Operates for nearly 21 hours daily, generally split into two sessions to overlap with global trading hours. This captures overnight global cues and US market performance.
• The Shift: In July 2023, the trading of Nifty derivatives was migrated from the Singapore Exchange (SGX) to India's GIFT City. This centralizes trading under Indian regulatory oversight (SEBI / IFSCA).
• Why it matters: Indian stock traders closely watch GIFT Nifty during weekends and pre-market hours to anticipate market direction before the domestic NSE opens at 9:15 AM IST.

52-week range: 22,182.551 – 26,373.199. Trailing 12-month change: -3.32%.