SGX NIFTY
It is a derivative product in the form of Nifty Future traded at Singapore Stock Exchange. It is the same Nifty Future which is traded in India.
NIFTY – it is a benchmark index of the National Stock Exchange that incorporates 50 top stocks from 12 different sectors of an economy.
The market timing of SGX Nifty is 6:30 a.m. to 11:30 p.m. Timing for Nifty traded in India is 9:15 a.m. to 3:30 p.m.
Due to the difference in the trade timings, the FII who are not able to access the Indian Stock Markets can trade in the SGX Nifty.
SGX Nifty impact on Indian Nifty as the same derivative product of Nifty traded there. It determines the initial movements of Indian Stock Market.
For instance, if SGX Nifty is 50 points positive, it means Nifty will open in the green and vice-versa.