SGX Nifty, the Singapore Exchange-traded futures on Nifty 50 Index, turned to GIFT Nifty on Monday. Accordingly, all the open positions in SGX have been shifted to Gift City. Nithin Kamath said the shift will add momentum to GIFT City becoming a true international financial centre. “If we could also find a way to allow … Read more
Derivative contracts with a notional value of about $7.5 billion traded in Singapore will shift to India as a cross-border trading link between the two Asian countries’ top bourses gets fully operational on Monday. SGX Nifty, the Singapore Exchange Ltd.-traded futures on India’s key equity NSE Nifty 50 Index, will be known as GIFT Nifty … Read more
In what can be termed as a ‘Ghar Wapsi’ (return to home) of sorts for SGX Nifty, the early indicator of the Indian stock market is shifting base from Singapore Exchange to NSE International Exchange (NSE IX) in Gujarat’s Gandhinagar. SGX Nifty, used by offshore investors who trade in US dollars, will be suspended for … Read more
“Singapore exchange alone has an open interest of close to about 10 billion US dollars. And this 10 billion US dollars, which is almost five times of the exposure on the Indian Nifty Futures, is now going to completely switch to the NSE-IFSC exchange or the NSE International Exchange at GIFT City,” says V Balasubramaniam, … Read more
MUMBAI – The National Stock Exchange of India has received regulatory approvals to delist Nifty50 futures from the Singapore Exchange and list on the NSE IFSC Exchange, an NSE spokesperson said. All trades done on Nifty 50 futures on the Singapore Exchange will be transferred to NSE IFSC Exchange for matching from July 3, the … Read more
Domestic equities could see extended profit booking as concerns over recession amid steeper rate hikes remained following Bank of England’s policy action on Thursday. Options data too indicates that Nifty 50 is likely to be in a consolidation phase, as most of the out-of-the-money call option premiums fell sharply in the previous trading session. Here’s … Read more
Indian equities may extend gains made during muhurat trading session, but likely selling in few index heavyweights could limit the upside. Here’s breaking down the pre-market actions: STATE OF THE MARKETS SGX Nifty signals a negative startNifty futures on the Singapore Exchange traded 33.5 points, or 0.19 per cent, lower at 17,859, signaling that Dalal … Read more
Domestic equity markets are set for a negative opening on Thursday tracking the mixed global cues. US stocks settled marginally lower on Wednesday, whereas Asian peers kicked off trade in red. Inflation worries persist after the US Fed’s hawkish commentary. Back home, IT majors will be in action following the Q2 earnings. Here’s breaking down … Read more
Bucking the muted global cues, Indian benchmark indices were set for a positive trade at open. On the contrary, Asian peers were in deep red, whereas US Stocks settled mostly lower during the overnight trade. Recession fears spooked the traders across the globe and firm dollar dented the sentiments further. Back home, India Inc earnings … Read more
Domestic equity markets set to kick off the new month on weaker notes, thanks to the gloom in the global markets. US stocks tumbled over the weekend trade, whereas Asian peers were also in red. Firm crude oil over output cut buzz also dented the sentiments. Back home, macroeconomic data is also hinting at a … Read more