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SGX Nifty - What is it?

What is SGX Nifty ? SGX is one of the leading stock exchanges in Asia, movement on which somehow reflects in other stock indices in the continent. SGX Nifty is Singapore Stock Exchange Nifty which implies the Indian CNX Nifty traded in Singapore exchange. It is a very popular derivative product of Singapore Exchange as it allows foreign investors to take a position in Indian Market.

In Singapore Exchange, Indian stocks cannot be traded but it allows future products like SGX Nifty Futures. Thus, it is the derivative product of Singapore Exchange facilitating futures trading of underlying NSE Nifty index. Its allows FII’s and other individuals to invest in Nifty Futures. Since trading is done for NSE Index, Singapore Nifty is settled on the basis of the closing price of NSE Index price (S&P CNX Nifty). Trading Timings – There are two types of Contracts in SGX with different settlement periods –

1. E – SGX QUEST (T) With Settlement on the same day, Timings- Mon-Fri – 9.00AM-6.15 PM
2. E* – SGX QUEST (T+1) With Settlement after one day, Timings- Mon-Fri- 7.15PM-1AM

These two contracts have different trading timings which enable traders all over the world to trade in SGX even if the market is closed. FII’s invest in Indian future contracts through SGX Nifty and India is 2.5 hours behind Singapore. SGX opens at 9.00 AM in Singapore i.e. 6.30 as per IST. Thus by tracking Singapore Nifty, we can predict the initial direction of Indian Stock market.
Singapore market opens around 2 hours before Indian market and directly relates to NSE market. It moves with respect to the Indian Nifty hence used as a tool to predict the Indian market providing initial direction to the Indian market. Moreover, both India and Singapore fall in the same continent which co-related both the market and one most often decides the sentiments of the other market. This is why it becomes easy for Indian advisory and financial institutions to give trading recommendations on SGX Nifty.

SGX NIFTY LIVE

Very first thing in the morning any Indian investor will be doing is getting news on SGX Nifty Live on Singapore stock exchange, which will be trading before Indian market opens for trading. At what level SGX Nifty Live is trading will give some indication of what will be a probable trend in Indian stock market when they will open for trading. The second thing would be listening to technical analysts view on TV channels and their views on Nifty intraday market and finally if one has time to spare will be checking with financial advisors over a phone or through online or by way of SMS alerts. This whole thing sums up how crucial Nifty movement is for our markets. Technical analysis is perhaps the only logical way where one can find an answer to where Nifty is marching to in current market situation as by technical analysis only you can get a reliable answer with logical reasoning to a satisfying level of conclusion over future market trend. As by any other way, you can’t satisfy yourself to believe and accept conclusions as they are not supported by any logical base.

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