GIFT Nifty Live Today
Live GIFT Nifty price with day range, its premium or discount to the Nifty 50, and the global cues driving it — your pre-market read on where the Nifty 50 is likely to open.
In one line: GIFT Nifty is a USD futures contract on the Nifty 50 that trades ~21 hours a day on NSE IX at GIFT City. When it trades above the previous Nifty close it points to a gap-up open; below it, a gap-down. It replaced SGX Nifty in July 2023.
What is GIFT Nifty?
GIFT Nifty is a USD-denominated Nifty 50 futures contract traded on the NSE International Exchange (NSE IX) at GIFT City, Gandhinagar. It replaced SGX Nifty (Singapore) in July 2023 when NSE brought offshore Nifty derivatives back under Indian regulatory control. Because GIFT Nifty trades for roughly 21 hours a day, it is the market\'s go-to early read on where the Nifty 50 is likely to open.
How GIFT Nifty predicts the Nifty open
While Indian cash markets are shut overnight, GIFT Nifty keeps trading and absorbs global cues — US closing moves, Asian markets, crude, the dollar and US yields. A GIFT Nifty trading above the prior Nifty close signals a likely gap-up; below it, a gap-down. The premium or discount in points is a rough proxy for the expected opening move. Research from NSE IX suggests GIFT Nifty leads Nifty price discovery in a majority of sessions.
GIFT Nifty trading hours
| Session | Timing (IST) | What it captures |
|---|---|---|
| Session 1 | 6:30 AM – 3:40 PM IST | The pre-market window. Opens ~3 hours before NSE (9:15 AM) and prices in overnight US closing moves and the morning Asian session. |
| Break | 3:40 PM – 4:35 PM IST | 55-minute changeover between the two sessions. |
| Session 2 | 4:35 PM – 2:45 AM IST | Overlaps the European close and the full US session. Fed decisions, US CPI and overnight geopolitics are priced in real time. |
GIFT Nifty vs Nifty 50 vs SGX Nifty
| GIFT Nifty | Nifty 50 | SGX Nifty | |
|---|---|---|---|
| Where it trades | NSE IX, GIFT City (India) | NSE (India) | Singapore Exchange (retired) |
| Hours (IST) | ~6:30 AM – 2:45 AM (≈21h) | 9:15 AM – 3:30 PM | Retired Jul 2023 |
| Currency | USD | INR | USD |
| Instrument | Nifty 50 futures | Spot index + F&O | Nifty 50 futures |
| Main use | Pre-market / open signal | Cash & derivatives trading | Was the pre-market signal |
From SGX Nifty to GIFT Nifty
- Sep 2000
SGX Nifty launches on the Singapore Exchange — offshore Nifty 50 futures for global investors.
- Jul 2023
NSE moves the contract to NSE International Exchange (NSE IX) at GIFT City, Gujarat. SGX Nifty becomes GIFT Nifty; all open positions migrate.
- Now
GIFT Nifty trades ~21 hours a day in USD and is the primary pre-market indicator for the Nifty 50 open.
GIFT Nifty FAQ
What is GIFT Nifty?+
GIFT Nifty is a USD-denominated futures contract on India's Nifty 50 index, traded on the NSE International Exchange (NSE IX) at GIFT City, Gandhinagar. It replaced SGX Nifty in July 2023. Because it trades for roughly 21 hours a day, it is the market's primary early indicator of how the Nifty 50 will open.
What is GIFT Nifty today?+
The live GIFT Nifty value, its change, day range (open/high/low) and premium or discount to the Nifty 50 are shown at the top of this page and auto-refresh every 30 seconds while markets are open.
How does GIFT Nifty predict the Nifty open?+
While Indian cash markets are shut overnight, GIFT Nifty keeps trading and absorbs global cues. If GIFT Nifty is trading above the previous Nifty 50 close it points to a likely gap-up; below it, a gap-down. The premium or discount in points is a rough proxy for the expected opening move — though it is an indicator, not a guarantee.
What are GIFT Nifty trading hours?+
GIFT Nifty trades in two sessions on NSE IX: Session 1 from 6:30 AM to 3:40 PM IST and Session 2 from 4:35 PM to 2:45 AM IST the next day, with a 55-minute break in between — about 21 hours a day, Monday to Friday.
GIFT Nifty vs Nifty — what is the difference?+
The Nifty 50 is the spot index of 50 large Indian stocks traded on the NSE during Indian hours (9:15 AM to 3:30 PM IST). GIFT Nifty is a near-21-hour USD futures contract on that same index, traded at GIFT City and used to gauge sentiment and the likely Nifty open before Indian markets open.
Is GIFT Nifty the same as SGX Nifty?+
Yes — GIFT Nifty is the direct successor to SGX Nifty. In July 2023 NSE shifted the offshore Nifty 50 futures contract from the Singapore Exchange (SGX) to NSE IX at GIFT City and renamed it GIFT Nifty. People still search "SGX Nifty" out of habit, but the live contract is GIFT Nifty.
Why is GIFT Nifty up or down today?+
GIFT Nifty moves on overnight global cues: US index futures and the prior US close, Asian markets, the USD/INR rate, US 10-year Treasury yields, crude oil and gold. The "What's driving GIFT Nifty right now" panel on this page reads each of those live cues and what it means for the open.
How accurate is GIFT Nifty at predicting the Nifty open?+
GIFT Nifty leads Nifty price discovery in a majority of sessions and the direction of its premium/discount is right far more often than not. But news between the GIFT Nifty print and 9:15 AM IST, plus FII/DII order flow at the open, can override it — treat it as a strong signal, not a certainty.
Is GIFT Nifty in USD or INR?+
GIFT Nifty contracts are denominated and settled in US dollars, which is why the USD/INR rate is one of the cues that affects how its move translates to the rupee-denominated Nifty 50.
Can retail investors trade GIFT Nifty?+
GIFT Nifty trades on NSE IX and is primarily used by institutional and foreign investors; most Indian retail traders use it as a free pre-market indicator rather than trading it directly. To act on the signal, Indian retail traders typically trade Nifty 50 futures and options on the NSE once markets open.
Related on Downstox
- India markets dashboard — live Nifty, Sensex, sectors, breadth, global cues on one screen
- Weekly outlook — probability cones for where the Nifty closes the week
- Nifty PE tracker — is the market cheap or expensive right now?
- Stock scanner — find movers once the market opens
GIFT Nifty values are sourced from NSE IX / Yahoo Finance and may be delayed. This page is for information only and is not investment advice. GIFT Nifty is an indicator of the likely Nifty 50 open, not a guarantee.