How Gift Nifty Reflects Market Movement Before Opening Bell
Gift Nifty is part of the derivatives segment associated with the Indian equity market. Situated within Gujarat's International Finance Tec-City (GIFT City), this product emerged as a result of the migration from Singapore Exchange’s Nifty futures. Gift Nifty functions within a regulated environment structured for international financial services and is governed by India's International Financial Services Centres Authority (IFSCA). Gift Nifty operates with an extended time frame, providing insights into price movements that occur outside domestic trading hours. The availability of this platform for offshore participants has added to its prominence, offering a view of sentiment before the Indian markets commence. It trades nearly round-the-clock in two distinct sessions, ensuring overlap with major global markets. Price Discovery and Market Reflection One of the defining features of Gift Nifty is its role in early price signaling. Before Indian equities begin trading, movement...