Did GIFT Nifty Just Achieve an Unprecedented Monthly Turnover of $102.35 Billion?
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Synopsis
GIFT Nifty has reached an unprecedented milestone with a monthly turnover of $102.35 billion, marking a significant achievement in the Indian equity market. This record, announced on June 1, highlights the growing global interest in India's financial products and sets the stage for future growth.
Key Takeaways
- GIFT Nifty achieved a record turnover of $102.35 billion in May.
- The previous record was $100.93 billion set in April.
- There were 2.10 million contracts traded in May.
- NSE IX is a leading international multi-assets exchange.
- The NSE has over 100,000 shareholders.
Mumbai, June 1 (NationPress) GIFT Nifty has achieved a remarkable milestone by recording its highest-ever monthly turnover of $102.35 billion (Rs 8,75,098 crore) with 2.10 million contracts during May, as announced on Sunday.
As a new benchmark in the growth narrative of the Indian equity market, GIFT Nifty has set a new record, adding another significant achievement in its journey towards becoming a leading financial product.
This achievement surpasses its previous record of $100.93 billion, which was set in April of this year.
“This remarkable milestone signifies the increasing global interest and confidence in GIFT Nifty as a key indicator of India’s growth trajectory. We appreciate the overwhelming support from all participants who have contributed to the success of GIFT Nifty,” expressed the National Stock Exchange of India (NSE) in a statement.
Since the launch of full-scale operations on July 3, 2023, trading turnover on NSE IX has been experiencing exponential growth.
From the first day of operations, GIFT Nifty has recorded a total cumulative volume of over 43.28 million contracts with a cumulative turnover of US $1.93 trillion till May 2025.
NSE IX is an international multi-assets exchange established at GIFT City on June 5, 2017, and is recognized by the International Financial Services Centre Authority (IFSCA).
Holding a commanding market share of over 99 percent, NSE International Exchange demonstrates significant leadership in the GIFT IFSC.
The exchange offers a diverse range of products, including Indian Single Stock Derivatives, Index Derivatives, Currency Derivatives, Depository Receipts, and Global Stocks.
Additionally, the NSE has reached a significant milestone by becoming the largest unlisted company in India, boasting over 100,000 shareholders, according to recent industry reports.
For the financial year ending March 31 (FY25), the NSE reported a 17 percent year-on-year increase in consolidated total income, amounting to Rs 19,177 crore.
Point of View
It is essential to highlight the significance of GIFT Nifty's unprecedented turnover as a reflection of India's growing stature in the global financial arena. This achievement should inspire confidence among investors, reinforcing the notion that India is a burgeoning hub for equity trading.
NationPress
27/07/2025
Frequently Asked Questions
What is GIFT Nifty?
GIFT Nifty is a financial product that serves as a benchmark for the Indian equity market, offering various derivatives and trading opportunities.
How much was the monthly turnover for GIFT Nifty in May?
The monthly turnover for GIFT Nifty in May reached an all-time high of $102.35 billion.
What was the previous record for GIFT Nifty's turnover?
The previous record for GIFT Nifty's turnover was $100.93 billion, set in April this year.
When did GIFT Nifty commence full-scale operations?
GIFT Nifty began full-scale operations on July 3, 2023.
What is the market share of NSE IX?
NSE IX holds a dominant market share of over 99 percent in the GIFT IFSC.
