GIFT Nifty has cemented its status as a global powerhouse with a record-shattering performance on Friday. Trading 4,57,989 contracts yielded $23.48 billion in turnover, eclipsing January’s $22.88 billion mark and fueling optimism about India’s derivatives boom.
Since going live in July 2023 on NSE International Exchange, it has clocked 60.05 million contracts and $2.76 trillion total. This momentum, say experts, positions GIFT Nifty as an essential pulse-check on India’s equity growth narrative.
NSE IX, IFSCA-regulated since its 2017 inception in GIFT City, holds over 99.6% market dominance there. It offers a rich array of instruments—from Indian derivatives and currencies to depository receipts, global stocks, and primary listings like REITs, InvITs, and ESG debt under fresh regulations.
October’s monthly record of $106.22 billion underscored its strength. The exchange thanked participants for driving this success. With deepening global ties, GIFT Nifty is set to anchor India’s financial ambitions on the world stage.