Short answer: SGX Nifty no longer exists. On 3 July 2023 Nifty futures trading moved from Singapore Exchange to NSE IX at GIFT City, Gujarat, and became GIFT Nifty. If you search for "SGX Nifty live" or "SGX Nifty today", the number you want is the GIFT Nifty live price.
SGX Nifty vs GIFT Nifty: side by side
| SGX Nifty (until June 2023) | GIFT Nifty (from July 2023) | |
|---|---|---|
| Exchange | Singapore Exchange (SGX) | NSE International Exchange (NSE IX), GIFT City |
| Country | Singapore | India |
| Regulator | Monetary Authority of Singapore (MAS) | International Financial Services Centres Authority (IFSCA) |
| Underlying | Nifty 50 | Nifty 50 (plus Bank, Financial Services and IT contracts) |
| Currency | US dollar | US dollar |
| Trading hours | About 16 hours a day | About 21 hours at launch; 23.5 hours from 2 November 2026 |
| Trading started | 25 September 2000 | 3 July 2023 |
| Status today | Stopped; positions moved to NSE IFSC | Active |
Why SGX Nifty moved to GIFT City
For years a large share of offshore Nifty trading happened in Singapore. That meant fees, liquidity and regulatory control for an Indian benchmark sat outside India. The move had three main goals:
- Bring offshore Nifty liquidity home. Trading moved to an Indian exchange under an Indian regulator.
- Build GIFT City as a financial hub. GIFT Nifty is the flagship product of India's International Financial Services Centre.
- Keep foreign investors served. Under the NSE IFSC-SGX Connect, orders from SGX members are routed to NSE IFSC for matching, so global participants kept their access.
The arrangement took more than four years to complete and became fully operational on 3 July 2023. All new contracts were issued as GIFT Nifty, and outstanding SGX Nifty positions were transferred to NSE IFSC.
What changed for Indian traders
Very little in daily use. Morning market commentary that used to quote SGX Nifty now quotes GIFT Nifty, and you read it the same way: compare it with Nifty's level to judge the opening gap.
What did change:
- Longer hours. GIFT Nifty trades much longer than SGX Nifty did, so it reacts to more overnight news before 9:15 AM. Since November 2026 it opens at 5:15 AM IST. See GIFT Nifty timings.
- More contracts. Besides Nifty 50, NSE IX lists GIFT Nifty Bank, Financial Services and IT. See contracts.
- An Indian venue. The contract now sits under IFSCA rules. It still does not open the door for most resident Indians to trade it directly; read how to trade GIFT Nifty.
Is SGX Nifty still live?
No. SGX Nifty contracts are no longer traded in Singapore. Some apps and websites still label the GIFT Nifty quote "SGX Nifty" out of habit, and people still search for "SGX Nifty live" and "Singapore Nifty". In every case the live number is GIFT Nifty on NSE IX.
Same signal, different name
Both contracts do the same job: they let the market price the Nifty 50 while India is closed. A reading that would have meant "positive opening" on SGX Nifty means the same on GIFT Nifty. Remember that both are futures, so a small premium over the Nifty 50 index is normal and not a gap-up signal. More in GIFT Nifty vs Nifty 50.
Frequently asked questions
Is SGX Nifty and GIFT Nifty the same?
They track the same index and serve the same purpose, but they are different contracts on different exchanges. SGX Nifty traded in Singapore until June 2023; GIFT Nifty has traded at NSE IX in GIFT City since 3 July 2023.
Why was SGX Nifty renamed GIFT Nifty?
It was not just renamed. Trading moved from Singapore to GIFT City under the NSE IFSC-SGX Connect so that offshore Nifty trading would take place in India under IFSCA.
Where can I see SGX Nifty live today?
SGX Nifty no longer trades. Look at GIFT Nifty instead: the live chart and session status are on our home page.
Did the trading hours change after the move?
Yes. SGX Nifty traded for about 16 hours a day. GIFT Nifty started with about 21 hours and moved to about 23.5 hours on 2 November 2026.