Last Update
08 Mar 2023 05:40 PM
Open | Last | Change | Change % | High | Low | Volume |
---|---|---|---|---|---|---|
17800.50 | 17800.50 uil uil-arrow-growth mx-1 | 0.50 | 0.00% | 17,808.50 | 17,790.00 | 792 |
What is an SGX Nifty?
- 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.
How can a trader benefit?
- Indian stock market open at 9:15 AM and close at 3:30 PM while SGX NIFTY trades for 16 hours a day in Singapore Stock exchange from 6:30 AM to 11:30 PM IST. Because of the long trading hours, the impact of global events is more advanced on it. That is why it is considered as a good indicator to know where India market will open next day. Lots of traders follow it to predict the direction of Indian stock market. Intraday traders can take long or short positions in Indian stock market depending on the movement of SGX Nifty.