From SGX Nifty to GIFT Nifty: India Recasts Its Global Market Signal
India’s shift from SGX Nifty to GIFT Nifty in July 2023 marked more than a change in trading nomenclature; it signalled a structural effort to anchor a key global equity indicator within India’s own regulatory and financial ecosystem. The move is designed to deepen market infrastructure, attract foreign capital through tax-efficient channels, and strengthen GIFT City’s standing as an international financial hub.
