Stay Ahead with SGX Nifty Live tracking (with MarketXLS)

Table of Contents

• Introduction
• What is the difference between Nifty and SGX Nifty?
• How is SGX Nifty Live calculated?
• Who buys SGX Nifty?
• What is the first session of SGX Nifty?
• How do you track SGX Nifty Live in Excel with MarketXLS?
  • Steps to Track SGX Nifty Live in Excel with MarketXLS
  • Example Usage
  • Notes
• Summary

Introduction

Curious about Nifty and SGX Nifty Live? Wondering how they differ and how you can track them seamlessly? This guide explains everything you need to know, from the basic concepts to tracking SGX Nifty Live using MarketXLS in Excel. Learn how Nifty represents India’s top 50 companies while SGX Nifty offers a derivative trading option on the Singapore Exchange, perfect for global investors. Whether you’re an institutional investor, a day trader, or just getting started, we’ve got the insights to help you navigate these financial tools effectively. Dive in and discover how you can stay ahead of the market!

What is the difference between Nifty and SGX Nifty?

Nifty is an index representing the performance of the top 50 companies listed on the National Stock Exchange (NSE) of India. It serves as a benchmark for the Indian stock market. In contrast, SGX Nifty refers to the Nifty futures contracts traded on the Singapore Exchange (SGX). SGX Nifty allows international investors to trade in Indian market-based futures without having to be directly involved with India’s NSE. This trading happens before the NSE opens, providing a glimpse into how the Indian market might perform. Essentially, Nifty is the actual index, while SGX Nifty is a derivative instrument traded internationally.

How is SGX Nifty Live calculated?

SGX Nifty is calculated based on the Nifty 50, which is the benchmark stock index of India. The trading of SGX Nifty happens on the Singapore Exchange. Its value is influenced by the movement of Nifty 50 back in India. Global market conditions can impact SGX Nifty as well. It trades for a longer duration compared to Indian markets, providing a preliminary indication of market sentiment. Currency fluctuations also play a role in its calculation. Investors use it to gauge the opening trend of the Indian stock market. Thus, it’s an important tool for traders globally.

Who buys SGX Nifty?

SGX Nifty attracts a variety of investors, including institutional investors, hedge funds, and individual traders. These market participants use it as a tool for hedging and speculative trading. Foreign portfolio investors (FPIs) are among the key buyers, as they can use SGX Nifty to gauge and act upon the Indian market trends without directly entering Indian exchanges. Pension funds and asset management companies also invest in SGX Nifty to diversify their portfolios and manage risk. Additionally, day traders find it useful due to its extended trading hours and liquidity.

What is the first session of SGX Nifty?

The first session of SGX Nifty is a pre-market trading session. It helps traders predict the opening of the Indian stock market. SGX Nifty is traded on the Singapore Exchange. This session usually begins before the Indian market opens. It provides insights and trends for investors. The session is essential for global investors who track Indian markets. Additionally, it sets the tone for the trading day in India. Because of this, many traders closely monitor the SGX Nifty. They use the data to make informed decisions early. This helps in planning their overall trading strategy.

How do you track SGX Nifty Live in Excel with MarketXLS?

Steps to Track SGX Nifty Live in Excel with MarketXLS

1. Install MarketXLS Add-In: Ensure you have the MarketXLS add-in installed in your Excel.

2. Real-time Data Function: Use the real-time data functions available in MarketXLS to pull the latest data for SGX Nifty. Unfortunately, the searched documents did not specifically mention an SGX Nifty function, but based on usual use for other indices, you can utilize a general symbol streaming function.

3. Using the Streaming Function:

Use the QM_Stream_Value function to get real-time data. You can try using the ticker symbol for SGX Nifty as recognized by MarketXLS.

=QM_Stream_Value("last", "SGXNIFTY")

This function streams the latest value for the specified symbol (“SGXNIFTY” in this case).

4. Historical Data Function:

For tracking historical data, you can use QM_GetHistory to fetch historical price data.

=QM_GetHistory("SGXNIFTY")

This function will return historical data for the specified symbol.

5. Additional Quotes Functions: Utilize functions like QuoteClose, QuoteHigh, QuoteLow, QuoteVolume to get specific historical details.

=QuoteClose("SGXNIFTY")=QuoteHigh("SGXNIFTY")=QuoteLow("SGXNIFTY")=QuoteVolume("SGXNIFTY")

6. Daily Updates: For daily updates, you can use the appropriate MarketXLS functions to track day-by-day changes.

7. Alerts and Conditional Formatting: Create alerts and use Excel’s conditional formatting to visually track significant changes in SGX Nifty’s performance.

Example Usage

To set up a simple SGX Nifty tracker, you could form an Excel sheet with columns for Date, Open, High, Low, Close, and Volume. Populate these using MarketXLS functions:

| Date | Open | High | Low | Close | Volume |

|————|———————————-|———————————|——————————–|——————————–|——————————–|

| =TODAY() | =QuoteOpen("SGXNIFTY") | =QuoteHigh("SGXNIFTY") | =QuoteLow("SGXNIFTY") | =QuoteClose("SGXNIFTY") | =QuoteVolume("SGXNIFTY") |

Remember to update your function syntax with the exact symbol that MarketXLS uses for SGX Nifty.

Notes

– Availability of specific indices may vary depending on your MarketXLS subscription plan and data bundle.

– Ensure your MarketXLS add-in and Excel are up-to-date for the best performance and access to all functions.

This setup will allow you to continuously monitor the performance of SGX Nifty within your Excel sheet, leveraging MarketXLS’s powerful data functions .

Here is the template you might want to checkout and MarketXLS has 100s of templates to get you started easily and save you time.

• Template:** [Nifty Call Put Option Price Live](https://marketxls.com/marketxls-templates/462/nifty-call-put-option-price-live)

Summary

Curious about Nifty and SGX Nifty Live? This guide explains their differences and tracking using MarketXLS in Excel. Nifty is India’s top 50 companies’ index, while SGX Nifty offers futures trading on the Singapore Exchange for global investors. SGX Nifty Live provides a preliminary market trend before India’s markets open. Institutional investors, hedge funds, and day traders use SGX Nifty for hedging and speculative trading. Track SGX Nifty Live in Excel via MarketXLS by pulling real-time data and historical prices. Set alerts and use conditional formatting for visual tracking.