SGX Nifty is more volatile than NSE Nifty, affected by world economic cycles and global political events. Indian residents are prohibited from trading in SGX Nifty contracts. ... The longer trading hours on the SGX ensures that the impact of global events is more advanced on the stocks traded in that exchange.

Which country stock market affects Indian market?

Indian markets were found to be most strongly correlated with Hong Kong markets. On an average, a 10% rise (or fall) in the Hang Seng results in a 6.5% change in the Sensex. The second highest correlation was with the South Korean index Kospi.

What does SGX Nifty indicate?

SGX Nifty: SGX Nifty indicates a flat opening for the Indian stock markets today. Singapore Nifty (SGX Nifty) is the Indian Nifty that is traded in Singapore Stock Exchange and is considered to be the first indication of the Indian markets opening.