Gift Nifty Live Today (SGX Nifty)
NSE INTERNATIONAL EXCHANGE · GIFT CITY · USD-DENOMINATED
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Gift Nifty live today 5 Jun 2026, 9:46 AM IST: 23,512.50 ▼ -26.00 (-0.11%). High 23,582.00, low 23,441.00, prev close 23,538.50. Implied NSE 50 open: +44.30 pts (+37–44 pts higher). Gift Nifty — the successor to SGX Nifty since July 2023 — reacts overnight to the S&P 500, Nasdaq, US Dollar Index (DXY), US 10-Year Treasury yield, Gold and Crude Oil, the global pre-market cues tracked live on this page.
DATA · NSE IX VIA REGULATED FEED
UPDATED — · TICKS EVERY 30s
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GLOBAL CUES — S&P 500, NASDAQ, GOLD & CRUDE
US MARKETS · DOLLAR · BONDS · GOLD · CRUDE
📈 S&P 500 CFD
^GSPC
💻 NASDAQ CFD
^IXIC
💵 USD/INR
FX
💹 DOLLAR INDEX CFD
DXY
🏛️ US 10Y YIELD
^TNX · Yahoo
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US 10-YEAR TREASURY · % YIELD
🥇 GOLD
$/oz
🛢️ CRUDE WTI
$/bbl
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MARKET SUMMARY
No market summary posted today — check back shortly.
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WHAT IS GIFT NIFTY? (FORMERLY SGX NIFTY)
VERIFIED · POST-2023 MIGRATION
- Migration date: 3 July 2023 (SGX Nifty stopped trading on 30 June 2023)
- Venue: NSE International Exchange (NSE IX), GIFT City, Gandhinagar, Gujarat
- Currency: USD-denominated
- Regulator: IFSCA (International Financial Services Centres Authority)
- Trading hours: Session 1: 6:30 AM – 3:40 PM IST · Break · Session 2: 4:35 PM – 2:45 AM IST, Monday to Friday (~21 hours total)
- Lot size: 50 units
- Who can trade: FPIs, NRIs, and institutions via IFSC-registered brokers. Indian resident retail investors cannot trade Gift Nifty directly.
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HOW GIFT NIFTY FUTURES PREMIUM WORKS
CARRY · DIVIDENDS · IMPLIED OPENING GAP
WHAT IS THE FUTURES PREMIUM
- A futures contract usually trades at a different price than its underlying spot — that difference is the futures premium (or discount when negative)
- For Gift Nifty, the premium reflects the cost of carrying Nifty 50 exposure forward to expiry
- Main drivers: risk-free interest rate minus dividend yield of the underlying basket
THEORETICAL FORMULA
F = S × e^((r − d) × t)
- S = Nifty 50 spot
- r = risk-free rate
- d = Nifty 50 dividend yield (~1.2%)
- t = time to expiry in years
- Gift Nifty's USD denomination adds a small USD/INR carry component on top
WHAT TRADERS ACTUALLY WATCH
- Gift Nifty current level − previous Nifty 50 close = implied NSE opening gap
WORKED EXAMPLE (ILLUSTRATIVE)
- Previous Nifty 50 close: 23,700
- Current Gift Nifty: 23,790
- Premium: +90 points → suggests NSE 50 opens roughly 80–90 points higher
WHEN THE PREMIUM WIDENS
- Interest rates rising
- Dividends low or none upcoming
- Overnight sentiment turns risk-on
WHEN THE PREMIUM NARROWS OR FLIPS TO DISCOUNT
- Ex-dividend dates approaching
- Risk-off mood (selling pressure)
- Hawkish central bank surprises
BEHAVIOUR NEAR EXPIRY
- The carry component shrinks as expiry nears
- Premium converges toward zero on settlement day