Every term is defined twice: once the way a filing would put it, and once the way somebody would explain it to you across a table. The second one is usually the one that sticks.
Showing 2 terms
NSE’s exchange at GIFT City in Gandhinagar, operating inside an International Financial Services Centre and regulated by the IFSCA rather than by SEBI.
Offshore for regulatory purposes while sitting in Gujarat, which is how a dollar-denominated contract on India’s benchmark index can trade around the clock when the domestic market cannot. It keeps its own holiday calendar, so it sometimes trades when the Nifty does not.
A US dollar-settled futures contract on the Nifty 50, traded on NSE International Exchange at GIFT City, and formerly listed in Singapore as SGX Nifty.
The number every 8:30 am bulletin opens with. Compare it against its own level at 3:30 pm yesterday rather than against the Nifty cash close, and the basis cancels out — what remains is the genuine overnight change. It says nothing about any individual stock.