Gift Nifty Alias Sgx Nifty Commences Operation from India

The NSE International Financial Service Centre, a wholly-owned subsidiary of NSE, and the Singaporean Stock Exchange have a formal arrangement called the NSE IFSC-SGX Connect. This agreement allows NRIs and foreign investors to trade Indian stocks.
SGX Nifty to be known as GIFT Nifty from July 3.
Derivative contracts of Indian equities that have so far been traded in Singapore will shift to India from Monday, as the NSE International Exchange launches the GIFT Nifty.
The SGX Nifty, which is the futures traded on the Singapore Exchange on India’s NSE Nifty 50 Index, will be known as GIFT Nifty from Monday. Also, outstanding orders will be transferred to the GIFT City in Gandhinagar, Gujarat.
Derivative contracts of Indian equities that have so far been traded in Singapore will shift to India from Monday, as the NSE International Exchange launches the GIFT Nifty 

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The trading session will span 21 hours, covering the US, European, and Asian trading sessions. The morning session will begin at 6:30 am and go until 3:40 pm IST, and the evening session will begin at 4:35 pm and last until 2:45 am IST

The SGX Nifty, which is the futures traded on the Singapore Exchange on India's NSE Nifty 50 Index, will be known as GIFT Nifty from Monday. Also, outstanding orders will be transferred to the GIFT City in Gandhinagar, Gujarat. 

Market participants would have access to four products under the GIFT Nifty umbrella brand: Gift Nifty 50, Gift Nifty Bank, Gift Nifty Financial Services, and Gift Nifty IT derivative contracts. According to officials, all derivative contracts will be dominated by the US Dollar and other indices will be introduced gradually.