A Simple Guide for Everyone
Do you wonder what GIFT Nifty is?
Don’t worry — let’s understand it step by step, in plain words.
What is GIFT Nifty?
- GIFT Nifty is a special stock market index for India.
It is a way for people to trade India’s stock market even when the Indian stock exchanges are closed. - The word GIFT comes from GIFT City, which is short for Gujarat International Finance Tec-City.
GIFT City is India’s first smart business district for global financial services.
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Why Was GIFT Nifty Created?
It’s very easy to understand how affiliate programs in the crypto world function. Let’s break it down into 5 simple steps:
1. Before GIFT Nifty, there was something called SGX Nifty.
2. Many people used to trade India’s market from Singapore.
3. But now, all that has shifted to India’s own GIFT City.
4. So now, the trades happen in India, under Indian rules.
📂 Types of Crypto Affiliate Programs
- Global Investors: People or companies from other countries who want to trade India’s market.
- Indian Traders: Indians who want to trade at night or when the normal stock market is shut.
- Big Institutions: Banks, hedge funds, and large investors who need to manage risk 24/7.
When Does GIFT Nifty Trade?
One big benefit is long trading hours.
GIFT Nifty trades for almost 22 hours a day, from Monday to Friday.
This means you can trade India’s market before it opens and after it closes — matching global markets.
Where Does GIFT Nifty Happen?
- GIFT Nifty trades on the NSE International Exchange (NSE IX), which is inside GIFT City in Gujarat, India.
This area is like a special financial zone with modern rules, technology, and tax benefits.
Which Indices Does GIFT Nifty Offer?
GIFT Nifty is not just one index. It has different versions:
- GIFT Nifty 50: Tracks India’s top 50 companies.
- GIFT Nifty Bank: Tracks India’s biggest banks.
- GIFT Nifty Financial Services: Tracks major finance companies.
- GIFT Nifty IT: Tracks top IT and tech companies.
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How is GIFT Nifty Useful?
GIFT Nifty helps in many ways:
- Investors can react to global market news anytime.
- It shows what might happen when India’s regular markets open.
- It helps big investors hedge risks and manage their portfolios better.
- It attracts more foreign investors, bringing money into India.
GIFT Nifty vs. Nifty 50: What’s Different?
Affiliate income is considered “income from business or profession” under Indian tax laws. Here’s what you should know:
- If you earn crypto rewards, their value must be converted to INR for taxation
- You may have to pay 30% flat tax + 4% cess on crypto earnings (as per current rules)
- If paid in INR, it will be taxed as normal income based on your tax slab
- File your ITR properly and show your affiliate income under the correct section
It’s best to maintain a record of affiliate earnings, withdrawal screenshots, and crypto-to-INR conversions.
Why is GIFT Nifty Important for India?
- It puts India on the global finance map.
- It brings more foreign money into the country.
- It creates jobs in GIFT City.
- It lets India compete with other big financial centers.
When Can You Trade GIFT Nifty?
One big advantage: GIFT Nifty trades for ~22 hours a day!
This means:
🌏 Global traders can react to news anytime.
🕰️ You can see a price signal for India’s market before NSE opens.
💼 Investors can adjust positions during overnight news from the US, Europe, or Asia.
Where Does GIFT Nifty Trade?
- GIFT Nifty trades on the NSE IX — the NSE International Exchange inside GIFT City.
NSE IX is like a mini NSE but with global standards, better tax rules, and longer trading hours. - So the trade happens inside India, but with international access.
Which GIFT Nifty Contracts Exist?
GIFT Nifty is not just one product!
You can trade different contracts based on what you want to bet on:
GIFT Nifty vs. Nifty 50: What’s the Difference?
- Both are linked, but they work differently.
This table makes it clear:
|
Feature
|
GIFT Nifty
|
Nifty 50
|
|---|---|---|
Benefits of Trading GIFT Nifty
GIFT Nifty gives traders and investors a few big advantages:
1. Longer Trading Window: No need to wait for NSE to open — trade almost all day!
2. Price Prediction: See how global markets may affect India’s opening.
3. Good Liquidity: High trading volumes mean you can buy/sell easily.
3. Safe & Regulated: Trades happen under India’s SEBI rules.
4. Tax Efficient: GIFT City has lower taxes for international trades.
Who Benefits the Most?
Here’s a simple table:
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