Question
Consider the following statements regarding ‘GIFT
NIFTY’: Statement-I: GIFT NIFTY is the first of its kind trading link, with trading and matching in India and clearing and settlement in Singapore. Statement-II: It will help Indian markets to increase their reach among global investors, especially those who are not directly engaged with Indian capital markets. Which one of the following is correct in respect of the above statements?Solution
SGX Nifty is a derivative contract traded on the Singapore Stock Exchange based on Nifty 50 Index. GIFT NIFTY is the first of its kind trading link, with trading and matching in India and clearing and settlement in Singapore It will help Indian markets to increase their reach among global investors, especially those who are not directly engaged with Indian capital markets.
Red Data book is the source book which keeps a record of:
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