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SGX Nifty | SGX Nifty Live | SGX Nifty Futures | NiftyTrader

Last Data Refresh: Sunday 19 May 2024 09:18:27 PM GMT+05:30 (India Standard Time)

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SGX Nifty Importance:

SGX Nifty, also known as a Singapore Nifty, involves taking position in the Singapore Exchange on Futures contracts . The Futures contracts settlement is based on the NIFTY settlement price in the Indian stock exchange NSE. This gives international investors the flexibility of betting on Indian markets without having to setup or register the entity with the Indian authorities. Since the SGX allows for 24 hour trading via after market trades, investors can hedge their bets at any time. Plus, it is also considered a good indicator to where Indian market will open the next day, due to this a lot of traders follow this to check how SGX Nifty is doing.

SGX Nifty Futures Explained:

SGX Nifty is a derivative product of NIFTY 50 which is also known as Singapore Nifty. If we break the terminology in two parts.

SGX stands for Singapore Stock Exchange.
NIFTY is the benchmark index of National Stock Exchange of India which represents the weighted average of top 50 Indian companies’ stocks in 12 sectors.

Singapore Stock Exchange SGX is considered as one of the leading stock exchange of Asia. SGX NIFTY is a derivative of NSE NIFTY Futures, which is quite popular in Singapore Stock Exchange. It is an attractive product for foreign investors, who want to take a position in the Indian stock market but do not want to register with India authorities. SGX NIFTY is also popular among Hedge funds who are exposed in India market and want to hedge their exposure. So in simple terms, SGX NIFTY is nothing but the Indian NIFTY traded in the Singapore Stock Exchange.

SGX Stock Exchange also allows the investors to take the positions in different products including China A50 index, FTSE, MSCI Asia, MSCI Singapore, MSCI Hongkong, MSCI Taiwan, Nikkei 225, etc. so Foreign Institutional Investors (FIIs) can also take positions in all major indices while being in Singapore.

SGX – Singapore exchange:

Singapore exchange is the leading exchange of Asia allowing investors to take positions in different products based on the futures which are traded on the exchange. Apart from India the exchange also allows one to take positions in FTSE, China A50 index, MSCI Asia, MSCI Hongkong, MSCI Singapore, MSCI Taiwan ,Nikkei 225, Strait Times etc. Thus, FIIs are able to take positions in all major indices while being in Singapore.

We bring you SGX Nifty Live Chart & Quotes to know expected opening levels of NSE Nifty before the market opens.

How does SGX Nifty provides a good indication of Nifty opening price next day?

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.

Technical Analysis of SGX Nifty

If you are a trader and want to know about the price movement and trends of SGX NIFTY, you can follow historic charts of SGX NIFTY. You can use weekly or monthly charts to get a detailed idea about the trends of SGX Nifty. Monthly and weekly charts give a clear idea about the major trading levels which are even followed by Foreign Institutional Investors (FIIs) and fund managers for entry and profit booking.

For Positional Traders:

For long-term investment, you can use Moving Average Convergence/Divergence (MACD) Charts, Candle Stick Charts, and Relative Strength Index (RSI) to get the idea about the future prediction of SGX Nifty.

For Intraday Traders:

For day traders PCR (Put Call Ratio) trends and Nifty SpotPrice are considered extremely reliable indicators. You can follow live PCR trends for intraday trading.Like Bank Nifty Open Interest charts you can also get SGX Nifty Open Interest live charts for intradaytrading. Open Interest charts give clues about intraday support and resistance levels of SGX Nifty.

Contract Specifications:

The derivative contract size of each SGX Nifty contract is:
Contract Size = $2 (USD) * Current Price of NIFTY Index futures price

AS per the norms of SGX Exchange, the minimum price movement of the SGX Nifty futures contract is US$1, which means it is equal to 0.5 in index price movement.

The contracts, which are available for trading can be divided into 2 kinds:

Monthly contracts and Quarterly contracts.

Most of the volumes is concentrated in the monthly contracts. Normally, the monthly contracts are available for the 2 consecutive months e.g. in the month of November, trading can happen in November Contracts as well as December contracts.

The quarterly contracts of SGX Nifty are March, June, September and December. The contracts are cash settled based on the closing price of S&P NIFTY index as on 6:00pm Singapore time or 3:30 pm Indian Standard Time (IST). The closing price of Nifty index is based on the value weighted average price (or VWAP) of the last 30 mins of trading on Nifty Futures contract and is not the final value also known as LTP (or Last Traded Price) of the NSE Nifty index.

Contract Settlement

The settlement price of SGX Nifty contract depends on NIFTY price in Indian Stock Exchange NSE. Singapore Stock Exchange allows 24-hour trading so investors can hedge their investment any time via after market trades. Effect of long trading hours

What is SGX Nifty Live?

SGX Nifty Live represents Singapore Exchange Nifty live quote. It simply works by trading Nifty Contracts in SGX. SGX Nifty live is regarded as a future major NSE Index Nifty that's traded over Singapore Exchange. Singapore Nifty which is well-known as SGX Nifty Live is essentially a derivative product introduced by Indian Nifty Index to be traded in the Singapore stock market. SGX Nifty and Indian Nifty Index are highly correlated.

It's imperative to understand that not all the Nifty companies' stocks have been traded at SGX. The movement of the SGX Nifty is highly correlated to the Indian Nifty index. It is crucial to understand that not all of the stocks that Nifty encompasses are traded in SGX.

SGX Nifty Live signifies Indian Nifty in Singapore Stock Exchange. It signifies the direction of the Indian Stock Exchange. Singapore and Indian belong to the same continent.


Why is SGX Nifty Live view so important? And why do traders watch it so closely?

Before we answer this question, it is important to understand below facts:

1) Indian stock markets (NSE & BSE exchanges) only allow stock trading between 9:15am to 3:30pm on weekdays only. 

2) NSE Nifty 50 is considered the most important broad market index for Indian markets

3) SGX Nifty Live tracks the movement of Nifty and is available to trade for much longer hours

Because of the reasons mentioned above traders want to know how the various announcements, events or results are going to impact the market the next day so they can prepare themselves well in advance for the market opening.


What is the timing for SGX Nifty Live?

Intraday trades take place only during these specific periods that are given below:

FIRST or T session: 09.00am – 06.15pm(SGT) or 06.30am - 3.45pm(IST) 
SECOND or T+1 session: 06.40pm – 04.45am(SGT) or 4.40pm - 2.45am(IST) 


What is the rate at which SGX Nifty Live trades?

SGX Nifty live is the price at which the Indian Nifty is traded in the Singapore Stock Exchange (SGX). The price settlement price for future contracts of the SGX Nifty is same as the Nifty Futures price for the current month in the Indian stock exchange NSE.

This allows international investors to trade in Indian markets without having to register or set up their entities with the Indian authorities. The contract size for SGX Nifty Futures is calculated using the following formula:

Contract Size = US$2 * Current Price of Nifty Index futures price

The minimum price movement of the SGX Nifty futures contracts is US$1 so the price change on SGX Nifty happens in the multiple of 0.50


What factors impact SGX Nifty movements?

1) Global market cues from US, EU & Asia all have an impact on SGX Nifty movements. US market impacts SGX Nifty movements during US market hours. Similarly, Asian market affects the SGX Nifty in the early morning trades.
2) Important events such as RBI policy, election results, GDP or job numbers also impact SGX Nifty swings.

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