Did you notice SGX Nifty is now GIFT Nifty?
Starting from July 3, SGX Nifty will be renamed GIFT NIFTY. $7.5 billion worth of derivative contracts traded in Singapore will move to India (GIFT City, Gujrat)
SGX-NIFTY is transferring open positions to NSE IFSC.
SGX and Nifty will share costs and revenues equally. GIFT Nifty will have longer trading hours than SGX Nifty.
GIFT Nifty's operation time has been extended from 4 am IST to 2 am IST the following morning.