A new milestone was reached by GIFT Nifty, which is traded on the National Stock Exchange (NSE), on June 27 when it reached an all-time high monthly turnover of $95.55 billion (about Rs 7,97,714 crore).
This exceeded the $91.73 billion record it had established in May. In June, the benchmark had 21,23,014 contracts turnover, its largest monthly turnover to date.
“This milestone reflects the growing global interest and trust in the GIFT Nifty as a benchmark for India’s growth story,” the NSE stated.
“We are glad to witness the success of GIFT Nifty and express our sincere gratitude to all the participants for their overwhelming support and for making GIFT Nifty a successful contract,” it added.
Since GIFT Nifty’s full-scale launch on July 3, 2023, trading turnover on NSE IX has increased dramatically.
GIFT Nifty has seen a total cumulative volume of over 21.06 million contracts with a total cumulative turnover of $881.26 billion until June 27, 2024, from the first day of full-scale operations.
