GIFT Nifty recorded a new trading milestone on September 25, with single-day turnover reaching $23.67 billion, according to data from NSE International Exchange (NSE IX).
The September 25 session saw 5,12,023 contracts traded, making it the highest single-day turnover recorded by GIFT Nifty since its full-scale operations began in July 2023. The platform also ended the session with a record $21.87 billion in open interest, according to reported NSE IX data.
Editorial Insight
Key Highlights
Important points readers should notice.
Issue/Event: GIFT Nifty reaches a new single-day trading milestone.
Location: GIFT IFSC, GIFT City, Gujarat.
Authority/Organisation: NSE International Exchange (NSE IX).
Action Taken: Trading activity reached a record $23.67 billion in turnover on September 25.
Impact: Record turnover, contracts traded and open interest point to increased activity on the international platform.
The latest numbers underline the rapid expansion of GIFT Nifty as an international trading platform for Indian equity derivatives. GIFT Nifty operates through NSE International Exchange at GIFT City, Gujarat, providing an offshore-linked trading venue for Nifty-related derivatives and other financial products.
The milestone comes as overall activity on the platform continues to expand. As of September 25, cumulative turnover had reached approximately $3.52 trillion, while more than 76.19 million contracts had been traded since the beginning of full-scale operations.
Editorial Analysis
Why This Matters
GIFT Nifty is an important part of India's international financial-market infrastructure. Higher trading activity increases the scale of the market operating from GIFT IFSC and provides a larger pool of liquidity for participants trading Indian equity derivatives internationally. The record is also notable because GIFT Nifty's cumulative turnover has now reached the $3.52 trillion level since full-scale operations began, showing how significantly the platform has expanded since 2023.
