GIFT Nifty Touches Record $23.48 Billion Turnover, Posts Highest-Ever Single-Day Volume

Mumbai — Trading in GIFT Nifty reached an all-time high on Friday, underscoring the accelerating momentum in India’s equity derivatives segment.

The index recorded its highest-ever single-day trading volume of 457,989 contracts, generating a turnover of $23.48 billion (approximately Rs 2.13 lakh crore). This surpassed the previous record turnover of $22.88 billion set on January 23, 2024.

The milestone reflects increasing participation from global investors in India-linked derivatives traded at GIFT City.

Trading volumes on the NSE International Exchange (NSE IX) have grown consistently since the full-scale launch of GIFT Nifty operations on July 3, 2023. Since inception, the contract has logged cumulative trading volumes exceeding 60.05 million contracts, translating into a total turnover of $2.76 trillion.

Market participants noted that the steady increase in activity positions GIFT Nifty as a critical offshore benchmark aligned with India’s equity growth narrative.

The exchange expressed satisfaction with the development and acknowledged the continued support of traders and institutional participants in strengthening the contract’s global standing.

Established on June 5, 2017, at GIFT City and regulated by the International Financial Services Centres Authority (IFSCA), NSE IX operates as a multi-asset international exchange. It currently commands a market share of over 99.6 percent within the GIFT IFSC ecosystem.

The exchange offers a diversified product suite, including Indian single stock derivatives, index derivatives, currency derivatives, depository receipts, and global equities. It also facilitates primary market listings such as equity shares, SPACs, REITs, InvITs, depository receipts, debt securities, and ESG-linked debt instruments under the IFSCA (Listing) Regulations, 2024 framework.

In a related update last year, the exchange reported that GIFT Nifty recorded a monthly turnover of $106.22 billion in October, with 2.11 million contracts traded. This exceeded the earlier peak of $102.35 billion achieved in May 2025.

— IANS