SGX Nifty Timings: How Does It Affect the Indian Stock Market?

SGX Nifty: An Overview

In the last few years, investing in the equity market has become popular to grow money. As more and more people are opening their Demat and trading accounts, it becomes important to understand various aspects of the stock market. If you read finance-related articles, you must have come across various terms like Nifty, SGX Nifty, Nasdaq, Dow Jones, etc. understanding every terminology is not possible but you can understand a few important ones.

The entire world of finance is connected. You need to figure out what's happening on the global scale as well, such as in the US, China, the U.K., Germany, and so on. The stock performance of these countries affects the  Indian stock market. For example, when the Russia-Ukraine war happened, the entire global stock market was affected badly including India, the US, the U.K, etc. similarly the global stock market reacts positively when there is any positive news. in this article, we are going to learn about SGX (Singapore stock exchange), SGX nifty trading hours, and SGX nifty timing in India

What is SGX Nifty?

SGX (Singapore stock exchange) is a stock exchange that acts just like NSE (National Stock exchange) and BSE (Bombay stock exchange). SGX is one of the important and leading stock exchanges in Asia. On the SGX, there is an Indian commodity or Indian derivative that is trading called the Nifty which is also called SGX Nifty. SGX Nifty is a combination of the Singapore stock exchange and Nifty 50. It represents the Indian stock market as the Nifty 50 includes the top 50 companies of India. It enables anyone from around the world to trade in SGX Nifty which means they will trade in India’s top 50 companies. 

Key Takeaways

• SGX nifty timing as per Indian time is from 6:30 AM to 3:45 PM
• The timezone of SGX is Singapore standard time and they do not observe daylight saving time. 
• SGX nifty is traded in the Singapore stock exchange as a derivative of the Nifty Index. 
• Since the Singapore stock market timings are ahead of the Indian stock market, it helps various traders to predict the direction of the Nifty. 
• SGX Nifty is a future, which means the price of the stock is pre-decided. 

SGX Nifty Timings: How Does It Affect the Indian Markets?

The Singapore stock market opens earlier than the Indian stock market. If the SGX Nifty that is trading on SGX has positive openings, there is a high probability that the Indian stock market will also have a positive opening. In other words, looking at the SGX Nifty you can predict a lot of things about the Indian stock market. SGX Nifty plays an important role for traders, institutional investors, and institutions as they use SGX Nifty for hedging requirements. The direction of SGX Nifty also helps intraday traders to decide whether they should take long positions or short positions. In terms of volatility, SGX Nifty is more volatile than NSE Nifty. However, you should rely solely on this parameter to predict the Indian stock market, you should check for other parameters as well. Let's say the US stock market is constantly falling, it has a trickle-down effect on other countries as well. 

The SXG trading schedule is Monday to Friday. The SGX opening time starts from 09:00 AM to 06:15 (as per SGT) or 06:30 AM to 3:45 PM (As per IST). and the second session starts from 06:40 PM to 04:45 AM (As per SGT) or 4:40 Pm to 2:45 AM (As per IST). The total market capitalization of all the securities that are traded on SGX is USD 587.97 billion (Data as of November 2, 2022). This data is based on the world federation of exchanges. SGX trades in Singapore Dollars.

How to Check SGX Nifty Timings in India? 

1. Visit the Moneycontrol website or download its app.
2. Click on the global market.
3. Then all the global indices will be displayed including SGX Nifty, Dow Jones, S&P 500, NASDAQ, etc. SGX Nifty is a part of the Asian market. When these important global indices are trading upwards, it has a positive effect on the Indian market. 

SGX NIFTY

(Data as of 29 November 2022 8:34 AM)

To conclude, since SGX nifty trade time starts ahead of the Indian Nifty, it helps various investors including Indian investors, foreign investors and big institutional investors to understand the market movement in Indian Nifty. Apart from SGX Nifty, investors can also trade in the China A50 index, MSCI Taiwan, FTSE, MSCI Asia, and Nikkei 225. One thing every investor needs to keep in mind is not to make investment decisions solely based on the price movement in SGX Nifty. Do consider other factors as well to make an informed decision. However, trading in the share market is associated with high risk. So, make sure to analyze your investment objective, risk tolerance, and timeline of your investment before investing in any stocks.