NSE International Exchange (NSE IX) has unveiled a new brand identity for its GIFT Nifty product, as it transitions from SGX Nifty to Gift Nifty on July 3, 2023. The new identity is expected to attract international investors looking to participate in India’s growth story, offering access to Nifty products through NSE IX.
As part of a strategic initiative between NSE IX and SGX, Gift Nifty orders from SGX members will be routed to NSE IFSC for trading and execution, with clearing and settlement through SGX Derivatives Clearing. Market participants will be able to access Gift Nifty 50, Gift Nifty Bank, Gift Nifty Financial Services, and Gift Nifty IT derivative contracts on NSE IX for almost 21 hours daily, overlapping with Asia, Europe, and US trading hours.
This move is expected to create a unique opportunity for international investors to participate in India’s emerging markets, tapping into potentially lucrative investment opportunities. The partnership between NSE IX and SGX is expected to help drive growth and development in India and across Southeast Asia, boosting regional economic development and attracting further investment.
As the global economy continues to shift towards Asia, with India expected to be a key player in the coming years, initiatives like Gift Nifty are becoming increasingly important for investors looking to capitalize on new opportunities. With the full-scale transition to Gift Nifty just a year away, NSE IX is positioning itself as a leading player in the Indian financial market, offering unparalleled access and opportunity for both local and international investors alike.
