Gift Nifty

23,999.5

-73.0 (0.30%)

Price as of 05 Sept 2026 12:00.

Gift Nifty Live Chart

O H L

Gift Nifty Performance

Today’s Low & High

Low: 23,961

High: 24,095.5

Open24,072.5

Previous Close24,072.5

About GIFT Nifty

GIFT Nifty gives investors a way to track Nifty 50-linked futures outside regular Indian market hours. The contract is denominated in US dollars and trades on the NSE International Exchange (NSE IX) at GIFT City in Gujarat, under the oversight of the International Financial Services Centres Authority (IFSCA).

The contract was earlier called SGX Nifty when it was traded on the Singapore Exchange. Trading was later shifted to GIFT City as part of the move to bring offshore Nifty derivatives activity under India’s regulatory framework.

GIFT Nifty is also followed closely before the Indian stock market opens. Since it trades longer hours than the domestic equity market, movements in the contract can reflect changes in global markets and investor sentiment. This makes it a useful reference for investors assessing the possible direction of the Nifty 50 at the start of the trading session.

History of GIFT Nifty - From SGX Nifty to GIFT City

GIFT Nifty's story spans more than two decades, tracing its evolution from a Singapore-listed contract to a fully India-regulated derivative product.

2000: The Singapore Exchange launched Nifty 50 futures, giving foreign investors their first offshore route into Indian equities.

2018: NSE withdrew SGX's real-time data licence over concerns that price discovery for India's benchmark index was happening offshore, sparking a regulatory standoff.

2022: The focus shifted towards GIFT City as India worked on the framework needed to support international trading in Nifty-linked derivatives through NSE IX.

2023: The shift took effect in July, when SGX Nifty contracts moved to NSE IX. Following the transition, the contracts began trading under the name GIFT Nifty.

How Does GIFT Nifty Work?

GIFT Nifty works as a derivatives contract whose price reflects expectations around the Nifty 50's future value, rather than the index itself.

Participants trade contracts based on whether they expect the benchmark to rise or fall before the contract expires, with prices reacting continuously to global news, overseas market cues, and currency movements.

GIFT Nifty is mainly used by foreign investors, NRIs, and other eligible investors who access the contracts through NSE IX in GIFT City.

For resident Indian retail investors, direct participation in GIFT Nifty derivatives is not permitted. RBI rules under the Liberalised Remittance Scheme (LRS) do not allow remitted funds to be used for leveraged or speculative offshore derivative transactions.

GIFT Nifty Contract Details

Like any standardised futures product, GIFT Nifty has fixed contract specifications that determine how it is priced, settled, and carried until expiry.

Particulars	Details
Benchmark index traded	Nifty 50
Contract type	Futures/Options
Currency	US Dollar
Contract Value	$2 × Nifty Index value
Tick size	0.5 index points
Tick value	USD 1
Settlement type	Cash settled
Expiry	Futures: Last Tuesday of the contract month (GIFT Nifty futures traded on NSE IX) Options: Zero-day expiry

GIFT Nifty Trading Hours

GIFT Nifty is available for trading in two sessions, covering most of the day. This extended timing allows investors in different markets to respond to global developments outside India’s regular trading hours.

First session: 6:30 AM to 3:40 PM IST

Second session: 4:35 PM to 2:45 AM IST the following day

Key Features of GIFT Nifty

What sets GIFT Nifty apart is that it is designed for global investors while remaining linked to India's benchmark index. Unlike domestic derivatives, it settles in US dollars rather than rupees.

It trades on the NSE International Exchange instead of the regular NSE platform and runs across two sessions rather than one. Multiple contract cycles stay open at any given time, giving traders more flexibility around expiry.

Together, these features make GIFT Nifty one of the more accessible ways for overseas investors and NRIs to track and take a view on Indian market sentiment from outside the country.

GIFT Nifty vs Nifty 50

Although both are linked to the same underlying benchmark, GIFT Nifty and Nifty 50 serve different purposes and operate within different market structures.

Nifty 50 reflects the live value of India's top 50 listed companies, while GIFT Nifty is a futures contract whose price reflects market expectations for the Nifty 50 before the Indian market opens.

Feature	GIFT Nifty	Nifty 50
Nature	Futures/Options contract	Equity index
Exchange Location	NSE International Exchange (GIFT City)	National Stock Exchange
Currency	US Dollars	Indian Rupees
Trading hours	Around 21 hours including both the sessions	6 hours and 15 minutes every trading day
Primary Users	Foreign institutions, hedge funds, and NRIs	Domestic retail and institutional investors
Regulator	IFSCA	SEBI

GIFT Nifty FAQs

What are the timings for GIFT Nifty?

GIFT Nifty operates in two sessions: 6:30 AM–3:40 PM and 4:35 PM–2:45 AM IST, offering nearly 21 hours of trading access.

Are GIFT Nifty and Nifty 50 the same?

No, GIFT Nifty is a derivative based on the Nifty 50 index but trades in USD on the NSE IFSC, while Nifty 50 is the actual index of 50 top NSE-listed stocks.

What is the GIFT Nifty full form?

GIFT Nifty stands for Gujarat International Finance Tec-City Nifty, showcasing its origin and trading venue.

Why was SGX NIFTY shifted to GIFT Nifty?

The shift ensures regulatory control by SEBI and supports India's plan to become a global financial powerhouse via GIFT City and IFSC.

How to trade in GIFT Nifty?

To trade in GIFT Nifty, open an account with a broker registered in NSE IFSC, complete KYC, fund your account, and place orders via a compatible trading platform.

Who is eligible to trade in GIFT Nifty?

Foreign Portfolio Investors (FPIs), Non-Resident Indians (NRIs), and institutional investors are eligible to trade in GIFT Nifty. However, direct trading by Indian retail investors is restricted by the RBI. This is primarily because of the regulations on the Liberalised Remittance Scheme (LRS) for leveraged products.

How can foreign investors access GIFT Nifty trading?

Foreign investors can trade in GIFT Nifty by opening an account with a broker registered with the NSE International Exchange (NSE IX). Once done, they can access the Indian-regulated gateway to trade Nifty derivatives and hedge against Indian equity market movements.

How is settlement done for GIFT Nifty?

The settlement of GIFT Nifty is done in cash in INR (₹). Futures and Options contracts usually experience daily mark-to-market settlement, with profits/losses being credited/debited to the trading account. The settlement is guaranteed by NSE IFSC Clearing Corporation.

What are the risks associated with trading GIFT Nifty?

Trading in GIFT Nifty has some risks, such as leverage risk, which amplifies possible profits and losses; price volatility (more so during extended global hours); and liquidity risk (inability to carry out large orders). Market risk due to unfavourable movement in the underlying Nifty 50 Index also exists.

How does GIFT Nifty impact Indian stock markets?

GIFT Nifty allows price monitoring for the Nifty 50 index in a virtually 21-hour trading time period. Its price movement ahead of the domestic market opening is a prominent signal of the global sentiment, normally impacting the opening direction (gap-up or gap-down) of the benchmark Indian indices.

Is GIFT Nifty a good indicator for Nifty 50's opening?

Yes. Because GIFT Nifty trades nearly 21 hours a day, it captures overnight price movements resulting from global economic news and US/European markets. That’s why traders widely use its closing/pre-open price to predict the Nifty 50's opening level on the domestic exchange.

What are the benefits of trading on the GIFT Nifty exchange?

One of the key advantages of GIFT Nifty trading is the virtually 21-hour trading session. This enables worldwide investors to react to global events in real time. The advantages also include tax efficiency (such as zero STT/CTT) under the IFSC regime, improved regulatory transparency under Indian law, and effective hedging ability.

What are the various GIFT Nifty contracts that are offered?

GIFT Nifty provides Futures and Options contracts in the Nifty 50 Index. It also provides various expiry cycles, such as daily, weekly, and monthly options. GIFT Nifty also provides index-based contracts, such as GIFT Nifty 50, GIFT Nifty Bank, GIFT Nifty Financial Services, and GIFT Nifty IT. These options offer various hedging and speculation tools based on market expectations and trading strategies.

What currency is GIFT Nifty traded in?

GIFT Nifty is traded and settled in US Dollars (USD). This makes it accessible and convenient for global investors.

Who controls or regulates GIFT Nifty?

GIFT Nifty is regulated by the International Financial Services Centres Authority (IFSCA) in GIFT City, Gujarat.

What are today's GIFT Nifty high and low levels?

GIFT Nifty's intraday high and low change constantly through the trading session, so the most accurate levels are the ones updated live on this page.

What are the tax implications of trading in GIFT Nifty?

GIFT Nifty is traded through entities operating in the International Financial Services Centre (IFSC), where eligible offshore participants may receive certain tax benefits under applicable laws. Tax treatment depends on an investor's jurisdiction and circumstances. Investors should consult a qualified tax advisor before making investment decisions.