What is GIFT Nifty? A Complete Beginner’s Guide

GIFT Nifty is a stock market index derivative based on the NIFTY 50 that is traded on the NSE International Exchange in GIFT City, and it has replaced the earlier SGX Nifty trading on the Singapore Exchange. It is mainly used by traders and investors to understand how the Indian stock market may open and to gauge global market sentiment based on factors like US and Asian market trends, crude oil prices, and international news. While it does not directly control the Indian markets, it strongly influences short-term trading sentiment, especially for the opening direction of indices like Nifty 50 and Bank Nifty. For more such insights and market education, platforms like SR Wealth Elite help investors stay updated with evolving financial trends.