Rajandran R Creator of OpenAlgo - OpenSource Algo Trading framework for Indian Traders. Telecom Engineer turned Full-time Derivative Trader. Mostly Trading Nifty, Banknifty, High Liquid Stock Derivatives. Trading the Markets Since 2006 onwards. Using Market Profile and Orderflow for more than a decade. Designed and published 100+ open source trading systems on various trading tools. Strongly believe that market understanding and robust trading frameworks are the key to the trading success. Building Algo Platforms, Writing about Markets, Trading System Design, Market Sentiment, Trading Softwares & Trading Nuances since 2007 onwards. Author of Marketcalls.in

Get to Know about GIFT City Nifty Futures, Timings and Contract Specifications

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GIFT Nifty is a new index derivative contract that has been launched on the NSE International Exchange (NSE IX) in GIFT City, Gujarat. It is a re-branded version of the SGX Nifty, which was previously the only offshore-traded Nifty contract. GIFT Nifty is traded in US dollars and has the same contract specifications as the SGX Nifty.

The markets for GIFT Nifty are open from 6:30 AM IST to 2:00 AM IST the following day. This is a significant extension of the trading hours for the SGX Nifty, which was only open from 4:00 AM IST to 1:00 PM IST. The extended trading hours for GIFT Nifty will allow investors from around the world to trade the contract and participate in the Indian market.

The contract specifications for GIFT Nifty are as follows:

  • Contract size: 50 index points
  • Trading lot: 1 contract
  • Minimum price movement: 0.05 index points
  • Trading margin: 5%
  • Settlement type: Cash

GIFT Nifty can be traded by both Indian and foreign investors. Indian investors can trade GIFT Nifty through their respective brokers. Foreign investors can trade GIFT Nifty through their brokers in Singapore or through brokers in GIFT City who have received a license from the Securities and Exchange Board of India (SEBI).

Rajandran R Creator of OpenAlgo - OpenSource Algo Trading framework for Indian Traders. Telecom Engineer turned Full-time Derivative Trader. Mostly Trading Nifty, Banknifty, High Liquid Stock Derivatives. Trading the Markets Since 2006 onwards. Using Market Profile and Orderflow for more than a decade. Designed and published 100+ open source trading systems on various trading tools. Strongly believe that market understanding and robust trading frameworks are the key to the trading success. Building Algo Platforms, Writing about Markets, Trading System Design, Market Sentiment, Trading Softwares & Trading Nuances since 2007 onwards. Author of Marketcalls.in

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