Gift Nifty refers to the Nifty index that is traded on the Gift City Exchange in Gujarat International Finance Tec-City (GIFT City), India’s first international financial services center Gift Nifty is the NSE’s IFSC-SGX Connect Nifty Index, which is trades on the NSE International exchange located in IFSC, Gift City, Gujarat, India. As we know previously, SGX Nifty was a highly popular derivative product offered by the Singapore Exchange, as it provided foreign investors with the opportunity to participate in the Indian market. It was based on the NSE Nifty index and primarily focused on Nifty Futures, allowing foreign institutional investors (FIIs) and individuals to invest in them. However, starting from July 3, 2023, SGX Nifty will be discontinued on the Singapore Stock Exchange (SGX) and instead be launched on the Gujarat International Finance-Tec (GIFT) platform, specifically known as NSE-IFSC. The full-scale operation of the NSE IFSC-SGX Connect will commence on July 3, 2023, with the transition of SGX Nifty derivatives to NSE IFSC(GIFT NIFTY). After the transition, all Nifty derivatives contracts denominated in US dollars will be exclusively traded on the GIFT IFSC – NSE IFSC platform – GIFT Connect