What is the difference between both NIFTY and SGX NIFTY?
NIFTY is an index of the National Stock Exchange (NSE) of India, which comprises 50 of the largest publicly traded companies listed on the NSE. SGX NIFTY, on the other hand, is an index that is traded on the Singapore Stock Exchange (SGX) and is based on the NIFTY index of the NSE. The main difference between the two is that SGX NIFTY is a derivative of the NIFTY index and is traded on a different stock exchange. Additionally, the SGX NIFTY is based on the closing value of the NIFTY index in India, while the NIFTY index is based on real-time data. Another difference between the two is that the SGX NIFTY is a futures contract, meaning that it allows investors to buy or sell an index at a certain future date and price. In contrast, the NIFTY index is a real-time index that reflects the performance of the underlying companies in the Indian stock market. Additionally, the SGX NIFTY is traded in Singapore dollars, while the NIFTY index is quoted in Indian rupees. This means that the value