Before Understanding SGX Nifty Let us understand about Nifty and some other technical terms associated with Nifty.
Nifty is basically index of large companies on the NSE (National Stock Exchange on India). It is also referred to as S&P's CNX Nifty or Nifty 50. Its called Nifty 50 because it consists of 9index) 50 stocks divided into 22 sectors of the economy traded on NSE.
Some Features on Nifty: are that it is used for benchmarking fund portfolios, index based derivatives and index funds. Nifty 50 or S&P CNX Nifty is managed by IISL (India Index Services and Products Limited).
I have used various terms like S&P's CNX, IISL, CRISIL etc. Now what are these:
S&P : you might have heard this in news also, actually S&P stands for Standard and Poor's this is an US based financial services company which publishes financial research and analysis on Stocks and Bonds well known for stock market indexes.
IISL : It is a joint venture between NSE and CRISIL and it has a marketing and licensing agreement with Standard and Poor's (S&P's).
CRISIL : CRISIL stands for Credit Rating and Information Services of India Limited. It is ratings, research, risk and policy advisory company. CRISIL provides domestic and internationsl customers with independant information, opinions and solutions related to credit ratings and risk management.
Now What is SGX Nifty - SGX stands for Singapore Stock Exchange, thus, SGX Nifty is nothing but Indian Nifty Traded in singapore stock exchange (SGX) and it moves with respect to Indian Nifty.
Benefit of Tracking SGX Nifty :
We all know that India is 2.5 hours behind Singapore and SGX Nifty opens at 10:30 A.M in Singapore i.e., at 8:00 A.M according to Indian Standard Time(IST) on all working days. Thus, becomes initial direction to Inidan Markets.
Nifty is basically index of large companies on the NSE (National Stock Exchange on India). It is also referred to as S&P's CNX Nifty or Nifty 50. Its called Nifty 50 because it consists of 9index) 50 stocks divided into 22 sectors of the economy traded on NSE.
Some Features on Nifty: are that it is used for benchmarking fund portfolios, index based derivatives and index funds. Nifty 50 or S&P CNX Nifty is managed by IISL (India Index Services and Products Limited).
I have used various terms like S&P's CNX, IISL, CRISIL etc. Now what are these:
S&P : you might have heard this in news also, actually S&P stands for Standard and Poor's this is an US based financial services company which publishes financial research and analysis on Stocks and Bonds well known for stock market indexes.
IISL : It is a joint venture between NSE and CRISIL and it has a marketing and licensing agreement with Standard and Poor's (S&P's).
CRISIL : CRISIL stands for Credit Rating and Information Services of India Limited. It is ratings, research, risk and policy advisory company. CRISIL provides domestic and internationsl customers with independant information, opinions and solutions related to credit ratings and risk management.
Now What is SGX Nifty - SGX stands for Singapore Stock Exchange, thus, SGX Nifty is nothing but Indian Nifty Traded in singapore stock exchange (SGX) and it moves with respect to Indian Nifty.
Benefit of Tracking SGX Nifty :
We all know that India is 2.5 hours behind Singapore and SGX Nifty opens at 10:30 A.M in Singapore i.e., at 8:00 A.M according to Indian Standard Time(IST) on all working days. Thus, becomes initial direction to Inidan Markets.
2 comments:
Really nice Article on Nifty and SGX Nifty. What do I got to know about Nifty from your article is that:
Nifty is basically index of large companies on the NSE or S&P's CNX Nifty or Nifty 50. What is SGX Nifty - SGX Nifty is nothing but Indian Nifty Traded in singapore stock exchange (SGX)
Rising Stock Market in India - The Reserve Bank of India (RBI) could intervene in the foreign exchange market to arrest the appreciation of rupee which affects exporters and raises macro economic challenges. According to a finance ministry official, RBI may step in if the rupee strengthens above 43 a dollar.
The rupee has climbed 3.5% in the past month as foreign fund flows into Indian stocks reached a record $23 billion this year. Countries from Japan to Brazil have sold their currencies to keep exports competitive. http://www.surfindia.com/finance/
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