New tax regime encourages Indian equity traders to switch to SGX’s Nifty

15 Aug 2008

Traders in Indian equity futures are moving away from trading on the domestic National Stock Exchange to Singapore Exchange’s Nifty Indian equity index contract, following the introduction of new taxes.

While the NSE still dominates the overall Nifty futures market, SGX’s market share has grown since its October 2005 reintroduction. In early 2007 trading on SGX was slight but it has since leapt to 8% of volume for the second quarter of this year.

In pure volume terms, there has been a recent explosion of interest in the Nifty, which charts the top companies traded on the...

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“One of our key predictions for 2011 was that geopolitical tensions will simmer more vigorously this year, particularly in the context of a market in which incremental non-Opec volumes are becoming more difficult to bring on stream and in which Opec spare capacity gets more noticeably stretched.”

BarCap's 2011 oil outlook looks increasingly accurate.

New tax regime encourages Indian equity traders to switch to SGX’s Nifty

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