SGX Nifty Live Chart represents live rates of the Nifty Futures in the Singapore Exchange.
It helps Foreign Investors to hedge who don’t have access to the Indian Market due to its participation limitations.
What is SGX?
SGX is used as a short form of Singapore Exchange.It was founded on December 1, 1999.
Singapore Exchange is the leading company in the Asia region having headquarter based at Singapore.
It has offices in Hong Kong, London, New York, Beijing, Chicago, Tokyo, Shanghai, San Francisco and Mumbai.
SGX sets up the benchmark of equity indices of India, Japan, China and ASEAN (Association of Southeast Asian Nations).
ASEAN incldes 10 Southeast Countries having members Indonesia, Malaysia,Philippines, Singapore, Thailand,Brunei, Laos, Cambodia, Myanmar, and Vietnam.
SGX is a member of the Asian and Oceanian Stock Exchanges federation and World Federation of Exchanges.
It’s primary goal to provide services related to listing, clearing, trading, depository, settlement and data services.
Official Website: – www.sgx.com
What is SGX Nifty?
SGX Nifty is a future index comprises of two terms SGX and Nifty. It is a derivative of Nifty Index traded officially in Singapore.
SGX stands for Singapore Stock Exchange. Whereas, Nifty 50 is a NSE index consisting of Nifty 50 stock companies of various sectors in the Indian Stock market.
In Singapore Stock Exchange, Indian Nifty Index future is traded.The Companies in SGX Nifty Future are the same as Nifty 50 Stock Companies.
Many of the investors who want to trade in the Indian market but don’t have access to it, they use SGX Nifty for hedging and trading purpose. It allows foreign investors to have a positional trade in the Indian Market.
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