25 Nov 2020 07:31 AM
What is an SGX Nifty?
- SGX Nifty is Singapore Stock Exchange Nifty, which implies the Indian CNX
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
for 16 hours a day in Singapore Stock exchange from 6:30 AM to 11:30 PM
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.