SGX Nifty is the index which is used to gauge the initial direction of the Indian stock market. By tracking Singapore Nifty, we can predict the initial direction of Indian Stock market.
Singapore market opens around 2 hours before Indian market and directly relates to NSE market. It moves with respect to the Indian Nifty and hence can be used as a tool to predict the Indian market providing initial direction to the Indian market.
Moreover, both India and Singapore fall in the same continent, which co-related both the markets and one most often decides the sentiments of the other market. This also makes it easy for Indian advisory and financial institutions to give trading recommendations on Nifty before opening sgx nifty live.
