What is SGX Nifty?<\/strong><\/h2>\n\n\n\nA derivative of the Nifty index, the SGX Nifty is traded in the Singapore stock exchange platform, where this trade sets a predetermined price of a share and reduces the future risk of any investments. In simple words, just like Indian Nifty which trades on NSE, a domestic stock exchange platform, the SGX Nifty is the futures trade nifty in Singapore. In case of SGX Nifty, as the price of the share is preset, the participants (buyers & sellers) have to commit to that predefined price irrespective of any changes taking place in the stock market in the future.<\/p>\n\n\n\n
Being a part of a leading stock exchange, the movement of the SGX Nifty in the Singapore Stock Exchange is useful for predicting and observing the behavior of the Indian Nifty and hence is an important factor in the Indian stock market as well.<\/p>\n\n\n\n
Difference between SGX Nifty and Nifty<\/strong><\/p>\n\n\n\nThe basic difference between SGX Nifty and the Indian Nifty is that the SGX Nifty is a futures trade platform in Singapore whereas the Indian Nifty trades only on NSE, the Indian stock exchange. Prices on SGX Nifty are predetermined to avoid the future risk.<\/p>\n\n\n\n
The secondary difference between the SGX Nifty and the Indian Nifty is of the contract size. In Indian Nifty a minimum of 75 shares are required in a contract between the buyer and the seller. However, there is no such requirement in the case of SGX nifty. In simple terms, SGX nifty does not have a contract with shares, while Indian Nifty contracts must include shares.<\/p>\n\n\n\n
Thirdly, as SGX Nifty is operational for sixteen hours a day there are large volumes of trading activities, making it one of the most active trading platforms in Singapore.<\/p>\n\n\n\n