SGX Nifty is now Gift Nifty. Timings, how to check data & key changes explained   Synopsis As the $7.5 billion derivative trade switches from the Singapore Exchange to the NSE International Exchange (NSE IX) in Gandhinagar, India, the SGX Nifty futures contracts have been renamed as Gift Nifty. NSE MD and CEO Ashish Chauhan feels that this action would establish the morning pricing for India and is beneficial to non-resident players owing to tax […]

A $7.5 billion derivative trade shifts to India as SGX feud ends Synopsis As a cross-border trading connection between the two nations’ leading bourses becomes completely operational, derivative contracts worth $7.5 billion transacted in Singapore will be transferred to India. The move demonstrates India’s success in drawing trade from global financial centres such as Dubai, Mauritius, and Singapore. The disagreement between the National Stock Exchange of India and the Singapore Exchange over single-stock futures trading […]

As it returns to Gift City, the Offshore Nifty starts trading. SGX at Gift City, Gandhinagar  After more than two decades, India is now able to import the Singapore-traded Nifty, with the old SGX Nifty renamed the Gift Nifty and set to trade for the first time on Monday at 6:30 a.m. in Gift City, Gujarat. According to V. Balasubramaniam, managing director and chief executive of NSE International Exchange IFSC Ltd (NSE IX), a fully […]

Sebi creates an ASBA-like mechanism for secondary market trading.   In an attempt to safeguard investors’ money from misuse and default by stock brokers, SEBI on Monday developed an alternative mechanism for trading in the secondary market based on frozen funds in an investor’s bank account, rather than providing them beforehand to the trading member. This is similar to an existing primary market feature known as Application Supported by Blocked Amount (ASBA), which ensures that […]

Investors will benefit from a standard technique for evaluating Alternate Investment Funds (AIFs) and liquidation scheme processes that was announced on Thursday by the market regulator Sebi. Sebi mandated that all AIF schemes be issued in demat form in three circulars. Existing AIFs with a capital of above Rs 500 crore as well as any future AIFs must dematerialize their units and issue them in demat form by October 31, 2023. By April 30, 2020, […]