GIFT Nifty is a US dollar futures contract on the Nifty 50 that trades at NSE International Exchange in GIFT City, Gujarat. Because it trades for 23.5 hours a day, it shows where the Nifty 50 is likely to open before the Indian market starts at 9:15 AM IST.
What GIFT Nifty live tells you
Indian markets close at 3:30 PM. After that, news keeps coming: US inflation data, a Federal Reserve decision, a fall in crude oil, a sharp move in Asian markets at dawn. The Nifty 50 cannot react until the next morning, but GIFT Nifty can, because it keeps trading through the evening and starts again at 5:15 AM IST.
So when you check GIFT Nifty live at 8 AM, you are looking at the market's best guess, in real money, of where the Nifty 50 should be. If GIFT Nifty is well above Nifty's last close, the cash market usually opens higher. If it is well below, expect a lower open.
- Underlying
- Nifty 50 index
- Exchange
- NSE IX, GIFT City
- Currency
- US dollar
- Regulator
- IFSCA
- Trading day
- 23.5 hours (from 2 Nov 2026)
- Replaced
- SGX Nifty, July 2023
How to read GIFT Nifty before 9:15 AM

A single number at 7 AM does not tell you much on its own. Read it in three steps:
- Compare with the right reference. GIFT Nifty is a futures price, so compare it with Nifty 50 futures on NSE, or subtract the usual futures premium before comparing with the Nifty 50 index close. Our gap calculator does this for you.
- Look at the size of the move, not just the colour. A 20-point difference on a 24,000 index is under 0.1%: that is noise. A move of 0.5% or more is a real signal.
- Check it again close to the open. GIFT Nifty keeps moving until 9:15 AM and after. The level at 8:45 AM is more useful than the one at 6 AM, especially on days with news from Asia.
Gap-up or gap-down: what GIFT Nifty signals

A gap is the difference between yesterday's Nifty close and today's first trade. GIFT Nifty is the earliest public estimate of that gap. Traders use it in three common ways:
- Positioning before the open. Index option traders decide whether to hold overnight positions or adjust them at 9:15.
- Reading global mood. A big GIFT Nifty move usually reflects overnight US markets, Asian markets, crude oil or the rupee. Knowing which cue moved it helps you judge whether the move will last.
- Setting expectations for stocks. If GIFT Nifty points to a sharp gap-down, heavyweights like banks and IT often open weak too.
GIFT Nifty rarely matches the exact opening level. It includes a futures premium, it is priced in dollars, and liquidity overnight is thinner than during Indian hours. Treat it as direction and size, not a price target. More on this in GIFT Nifty vs Nifty 50.
GIFT Nifty timings today
NSE International Exchange moved to a 23.5-hour trading day on 2 November 2026. GIFT Nifty now opens at 5:15 AM IST, more than an hour earlier than before.
| Session | Pre-open | Trading |
|---|---|---|
| Session 1 | 5:00 to 5:15 AM | 5:15 AM to 3:40 PM |
| Pre-close | 3:40 to 3:55 PM | |
| Session 2 | 3:58 to 4:05 PM | 4:05 PM to 2:45 AM (next day) |
Full schedule, the old timings and how they compare with NSE are on the GIFT Nifty timings page.
Where GIFT Nifty trades

GIFT Nifty trades on NSE International Exchange (NSE IX) inside GIFT City, India's International Financial Services Centre near Gandhinagar. Until July 2023 the same contract traded in Singapore as SGX Nifty. Moving it to GIFT City brought offshore Nifty trading under Indian regulation, by the International Financial Services Centres Authority.
NSE IX lists GIFT Nifty contracts on four indices: Nifty 50, Nifty Bank, Nifty Financial Services and Nifty IT. The Nifty 50 contract is the one quoted in morning market news. See GIFT Nifty contracts and lot size.
Can you trade GIFT Nifty from India?
Most resident Indian individuals cannot trade GIFT Nifty directly. Leading Indian brokers state that resident retail investors are not permitted to trade it under current rules, and money sent abroad under the Liberalised Remittance Scheme cannot be used for leveraged derivatives. In practice Indian traders use GIFT Nifty as a signal and trade Nifty futures and options on NSE in rupees. Details in how to trade GIFT Nifty.
Frequently asked questions
Is GIFT Nifty live right now?
The panel at the top of this page shows the session that is running right now in IST. GIFT Nifty trades Monday to Friday from 5:15 AM to 3:40 PM and from 4:05 PM to 2:45 AM the next morning. It is closed from early Saturday to Monday morning and on exchange holidays.
Is GIFT Nifty the same as SGX Nifty?
It is the same idea in a new home. SGX Nifty was the Nifty 50 futures contract on Singapore Exchange. In July 2023 trading moved to NSE IX in GIFT City and the contract became GIFT Nifty. When people search for SGX Nifty live today, the number they want is GIFT Nifty.
Why is GIFT Nifty higher than Nifty 50?
GIFT Nifty is a futures contract, and futures usually trade a little above the index because of cost of carry. A small positive difference is normal and does not mean a gap-up. Compare GIFT Nifty with Nifty futures, or remove the premium, before judging the gap.
What time should I check GIFT Nifty?
Between 8:30 and 9:10 AM IST gives the most useful reading for the opening. Earlier levels can change once Japan and Korea open at 5:30 AM IST and Hong Kong at 7:00 AM IST.
Does GIFT Nifty trade on Indian holidays?
NSE IX follows its own holiday list, which can differ from NSE. On some Indian market holidays GIFT Nifty may trade, and the reverse can also happen. Check the NSE IX holiday circular for the year.