SGX Nifty trades higher despite poor showing on CPI, IIP fronts

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1 min read . Updated: 12 Sep 2022, 09:43 PM IST Ram Sahgal
  • The SGX Nifty, a derivative of the Nifty, traded at a premium of almost 137 points to the Nifty at 8:20 pm IST

MUMBAI : Disappointing data on retail price inflation and IIP, which were released after closing hours at home, didn’t affect foreign investors’ bullish bias on India. The SGX Nifty, a derivative of the Nifty, traded at a premium of almost 137 points to the Nifty at 8:20 pm IST.  

SGX Nifty , which traded at 18073 against Nifty close of 17936.35 offers cues on Nifty’s direction as it opens before Indian market opening and continues trading after closure of Indian markets, trading for a total of 15 hours to allow overseas investors from the US and Europe to take a view on the Nifty through the derivative traded on Singapore’s SGX.  

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