- MUMBAI — GIFT
Nifty has recorded the highest-ever monthly turnover of $102.35 billion (INR
8,75, 098 crore) with 2.10 million contracts during May, it was announced on Sunday.
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- GIFT Nifty, which stands as a new benchmark to the growth
story of Indian equity market, recorded a new milestone and has added yet
another feather in its cap in terms of achieving all-time high monthly
turnover.
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- This feat surpasses its previous record of $100.93 billion
set in April this year.
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- “This milestone reflects the growing global interest and
trust in the GIFT Nifty as a benchmark for the India’s growth story. We are
glad to witness the success of GIFT Nifty and express our sincere gratitude to
all the participants for their overwhelming support and making GIFT Nifty a
successful contract,” the National Stock Exchange of India (NSE) said in a
statement.
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- Trading turnover on NSE IX has been growing exponentially
since commencement of a full-scale operation of GIFT Nifty on July 3, 2023.
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- Since the first day of full-scale operations, GIFT Nifty has
witnessed a total cumulative volume of over 43.28 million contracts with total
cumulative turnover of US $1.93 trillion till May 2025.
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- NSE IX is an International multi assets exchange set up at
GIFT City on June 5, 2017, and recognised by International Financial Services
Centre Authority (IFSCA).
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- NSE International Exchange holds a dominant market share of
over 99 per cent, highlighting extensive leadership in GIFT IFSC.
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- It offers a diversified portfolio of products including
Indian Single Stock Derivatives, Index Derivatives, Currency Derivatives,
Depository Receipts and Global Stocks.
