Goodbye SGX Nifty. Hello GIFT Nifty.
Finshots Daily
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The Death of the SGX NFT
The SGX NFT future contracts became hugely popular. Over time, billions of dollars worth of these nifty linked futures began to change hands in Singapore itself. It's simply because of the time difference between India and Singapore that it would still be 6.30am in India when theSGX NFT started trading for the day. And that's how Singapore became a leading indicator for the Indian stock market sentiment. But all this changed as of July 3rd. The SGX N FT is now dead and buried.
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