• DR. J. GAYATHIRI

The article is written to give the highlights of the international exchange dealings of the Indian capital markets. The shift of the Singapore stock exchange to India will make the global investors from various countries to invest in large volumes. It was announced that the Singapore stock exchange will play a new role as Gift Nifty from 3rd July, 2023 onwards. India believes that this move could be advantageous for the non-resident investors to invest in the Gift nifty market which could give the derivatives market better opportunities and the non-residents with tax exemption, capital gain tax waivers and dividend distribution tax. But as per the LRS (Liberalized Remittance Scheme) rule the resident of India cannot trade in the Gift Nifty. This conversion was not expected in the capital market but definitely this move could lead India to achieve greater heights in the capital market and set standards. This shift will lead to the shift in the investment of $7.5 billion from the Singapore stock exchange to the Gift City of Gujarat at Gandhinagar. The paper therefore analyses the need, importance and the immediate impact of the rebranding of the SGX Nifty to Gift Nifty. It was found that the shift in the recent was welcomed by the global investors and NSE and though there was not much positive effect found in the immediate effect but expecting a drastic change in the global investment aspect.

SGX Nifty, Gift Nifty, Global Investors

"SGX NIFTY REBRANDED AS GIFT NIFTY: BRIGHT SPOT FOR GLOBAL INVESTORS", International Journal of Emerging Technologies and Innovative Research (www.jetir.org), ISSN:2349-5162, Vol.10, Issue 7, page no.c387-c389, July-2023, Available :http://www.jetir.org/papers/JETIR2307245.pdf

"SGX NIFTY REBRANDED AS GIFT NIFTY: BRIGHT SPOT FOR GLOBAL INVESTORS", International Journal of Emerging Technologies and Innovative Research (www.jetir.org | UGC and issn Approved), ISSN:2349-5162, Vol.10, Issue 7, page no. ppc387-c389, July-2023, Available at : http://www.jetir.org/papers/JETIR2307245.pdf