How Did GIFT Nifty Achieve a Record Monthly Turnover of $106.22 Billion in October?
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Synopsis
In a remarkable achievement, GIFT Nifty, an international futures contract, has recorded a monthly turnover of $106.22 billion in October. This milestone not only surpasses previous records but also highlights the growing global confidence in India's economic future. Discover the factors contributing to this success and what it means for investors.
Key Takeaways
- GIFT Nifty recorded a historic monthly turnover of $106.22 billion.
- Trading volume exceeded 2.11 million contracts in October.
- Since July 2023, GIFT Nifty has processed over 52.77 million contracts.
- The total cumulative turnover reached $2.40 trillion by October 2025.
- GIFT Nifty reflects increased global interest in India's economic growth.
Mumbai, Nov 3 (NationPress) The NSE International Exchange (NSEIX), a multi-asset trading platform, announced on Monday that its international Nifty futures offering, GIFT Nifty, achieved an unprecedented monthly turnover of $106.22 billion for October.
The volume of 2.11 million contracts traded during this month surpassed the previous record of $102.35 billion set in May 2025, according to reports from the exchange.
This achievement underscores the increasing global confidence in GIFT Nifty as a vital indicator of India’s economic narrative, as stated by the exchange. Since its full-scale launch on July 3, 2023, GIFT Nifty has processed over 52.77 million contracts and accumulated a total turnover of $2.40 trillion by October 2025.
Since the launch of GIFT Nifty, trading activity on NSEIX has seen remarkable growth.
"We are thrilled to see the success of GIFT Nifty and extend our heartfelt thanks to all participants for their tremendous support in making this contract a success," stated the NSE.
Additionally, the exchange previously announced that GIFT Nifty reached a record open interest (OI) on October 24, 2025, with 4,10,100 contracts valued at $21.23 billion or Rs 1,86,226 crore.
NSEIX, situated in GIFT City, was established on June 5, 2017, and is recognized by the International Financial Services Centres Authority. It holds a market share exceeding 99.7 percent in the GIFT IFSC.
The exchange facilitates trading in Indian single stock derivatives, index derivatives, currency derivatives, depository receipts, and global stocks. It also offers an extensive array of primary market products, including equity share listings, SPACs, REITs, InvITs, depository receipts, debt securities, and ESG debt securities.
This October, Union Finance Minister Nirmala Sitharaman introduced a foreign currency settlement system in GIFT City to enhance international trade, investment, and simplify business operations.
Point of View
I emphasize that the remarkable turnover of GIFT Nifty showcases the increasing global trust in India's financial instruments. This achievement is not just a number; it signifies a growing recognition of India's potential as a major player in the global economy. It is crucial for our nation to continue fostering such confidence to maintain momentum in international trade and investment.
NationPress
03/11/2025
Frequently Asked Questions
What is GIFT Nifty?
GIFT Nifty is an international futures contract offered by the NSE International Exchange, designed to provide investors with access to India's financial markets.
How much was the turnover for GIFT Nifty in October?
The turnover for GIFT Nifty in October reached a record of $106.22 billion.
When did GIFT Nifty start its full-scale operations?
GIFT Nifty commenced full-scale operations on July 3, 2023.
What is the significance of the record turnover?
The record turnover reflects growing global confidence in GIFT Nifty as a benchmark for India's economic growth.
Where is the NSE International Exchange located?
The NSE International Exchange is located in GIFT City, which is recognized as an international financial services centre.
