GIFT Nifty Hits Record Monthly Turnover of $102.35 Billion in May

Mumbai – GIFT Nifty achieved a historic milestone in May, registering its highest-ever monthly turnover of $102.35 billion (?8,75,098 crore) across 2.10 million contracts, the National Stock Exchange of India (NSE) announced on Sunday.

This new record surpasses its previous high of $100.93 billion, set just a month earlier in April.

“Reaching this milestone reflects the growing global confidence in GIFT Nifty as a benchmark for India’s economic growth,” the NSE said in a statement. “We extend our heartfelt thanks to all market participants for their continued support in making GIFT Nifty a success.”

GIFT Nifty, seen as a key indicator of India's equity market performance, has been witnessing exponential growth since its full-scale operations began on July 3, 2023.

Since that launch, GIFT Nifty has recorded a cumulative trading volume of over 43.28 million contracts and a total turnover of $1.93 trillion as of May 2025.

The NSE International Exchange (NSE IX), located at GIFT City and regulated by the International Financial Services Centre Authority (IFSCA), was established on June 5, 2017. NSE IX currently holds more than 99% market share within the GIFT IFSC, underscoring its leadership.

The exchange offers a wide range of financial products, including Indian single stock derivatives, index derivatives, currency derivatives, depository receipts, and global stocks.

In another major development, NSE has become the largest unlisted company in India, with more than 100,000 shareholders, according to recent industry data.

For the financial year ending March 31, 2025 (FY25), NSE reported a 17% year-on-year growth in consolidated total income, reaching ?19,177 crore.

With inputs from IANS