Gift Nifty

GIFT Nifty (formerly known as SGX NIFTY) is a dollar-denominated futures contract that tracks the performance of the Nifty 50 Index, India’s benchmark equity index. The full form of GIFT Nifty is Gujarat International Finance Tec-City Nifty, named after its listing location: NSE International Exchange (NSE IX), which operates from GIFT City, Gujarat. It functions under the regulatory structure of the International Financial Services Centre (IFSC).

GIFT Nifty marks the shift of Nifty futures trading from Singapore (SGX) to India’s own international financial hub—GIFT City. This transition enhances regulatory transparency, brings trades within SEBI’s jurisdiction, and strengthens India’s goal of becoming a global financial powerhouse through the IFSC framework.

Why Was SGX NIFTY Shifted to GIFT Nifty?

Previously, SGX NIFTY enabled foreign investors to access Indian markets from Singapore. With the launch of GIFT Nifty at NSE IX under the IFSC framework, trading is now hosted entirely in India. This move strengthen domestic financial infrastructure, ensures better oversight, and supports India’s ambition of building a strong global presence through GIFT City and the IFSC.

GIFT Nifty vs NIFTY 50

Conclusion

GIFT Nifty is more than a trading instrument,it’s a gateway for international investors to participate in India’s growth story. Backed by the infrastructure of GIFT City and the regulatory framework of IFSC, it offers an extended, efficient, and transparent platform for accessing the Indian equity market.