Do you know how SGX Nifty can help in Share Market Trading
What is Nifty? - Before you know about SGX Nifty , here's small information about Nifty.
Nifty was launched on the 22nd of April 1996 and is owned and managed by National Stock Exchange (NSE, India) indices.
Nifty is a stock market index for the Indian Stock Exchange (NSE) platform.
It represents top companies that are some of India's largest companies and puts forth their weighted average to help investors know about the performance of the companies in the stock market.
What is SGX Nifty? - It is a derivative of the Nifty index, which is traded in the Singapore stock exchange platform.
Like Indian Nifty trades on the NSE, which is the Indian stock exchange platform, the SGX nifty is the futures trade nifty in Singapore.
Where this trade sets a predetermined price of a share and reduces the future risk of any investments.
As the SGX is the leading stock exchange in India, the SGX nifty helps to predict and observe the behaviour of the Indian Nifty.
The main difference between the SGX Nifty and the Indian Nifty is that the SGX Nifty is a futures trade platform in Singapore.
SGX Nifty sees a high amount of customers and trading activities because it is the most active trading platform in Singapore.
SGX trading platform works for sixteen hours a day , where as India Exchange works only for 6.30 hrs , making SGX more profitable globally.
SGX Nifty is helpful in predicting and observing the Indian Nifty's behaviour.
Singapore market opens about two and a half hours before the Indian market. This allows investors to keep an eye on the SGX nifty to know the fluctuations in the Indian market.
By observing this, the investors get an idea about the Indian market and whether it will open with positive or negative results.