Below you can find the SGX Nifty Live rates. For instant analysis and decision making, we have also provided it’s trend in 3 different time frames: 5 minutes, 1 hour and 1 day.
|SGX Nifty Futures||11322.5||Strong Sell||Sell||Neutral|
Frequently Asked Questions
SGX Nifty stands for Singapore Exchange Nifty or briefly called as Singapore Nifty. This is actually the Indian benchmark index Nifty listed in the Singapore stock market. It’ll be moving with regard to Indian Nifty.
As a matter of fact, Indians do not trade in the Singapore Nifty. Rather they use this for the purpose of predicting the opening and movement of out Nifty index. However, foreign investors and NRIs staying in Singapore can trade in the Singapore exchange Nifty.
Every morning in the stock market related TV channel news we regularly listen regarding Singapore Nifty. If it trades up, generally Indian securities markets open gap up and if it trades down our markets open gap down.
SGX-Nifty starts trading at 6:30 AM in the morning on all market days and principally it shows the initial direction to the Indian Market. It offers a wonderful trading plan wherever our Nifty index will open for the day.
Importance of Tracking Singapore Nifty
Now I will discuss why it is so much closely associated with our stock markets? The Indian securities market indices, i.e. Sensex and Nifty-50 is indirectly associated with the Singapore Nifty as well as with the other Indices round the world.
Another purpose is that each and every Asian nation, as well as Singapore, is also in the same continent. So markets react many times similarly due to the same socio-economic structure. On the Super Monday of 2009 simply when the election results got declared, each Sensex and nifty closed on the higher circuits and frozen. Before the market opened the Singapore Nifty was trading 600 points higher clearly indicating a circuit. This is not the only example, if some steep rise/fall happens in any of the Indices round the world it affects different exchanges.
SGX Nifty Live Rates on Internet
In today’s globalized world and in the era of the internet it is necessary to keep an eye on other exchanges. Because if anything drastic happens in other countries that can affect our stock market too. Hence people track the Singapore Nifty rates on MoneyControl or other sites.