GIFT Nifty Achieves Record Monthly Turnover of $129.80 Billion in March
Synopsis
GIFT Nifty has set a new benchmark with its highest-ever monthly turnover of $129.80 billion in March, surpassing its previous record. This remarkable growth highlights the rising trading activity in India's derivatives market. Discover the implications of this achievement and what it means for investors.
Key Takeaways
GIFT Nifty reached a record monthly turnover of **$129.80 billion** in March.
Monthly trading volume hit an all-time high of **2.82 million contracts**.
GIFT Nifty has been operational since **July 3, 2023**.
NSEIX holds a **99.7%** market share in GIFT City.
The exchange offers a diverse product portfolio under **IFSCA regulations**.
New Delhi, April 2 (NationPress) — In a remarkable achievement, GIFT Nifty achieved its largest monthly turnover of $129.80 billion during March, breaking its previous record of $106.22 billion set in October 2025, as reported by NSE International Exchange (IX) on Thursday.
Additionally, the exchange noted that the total trading volume reached an unprecedented 2.82 million contracts in March, surpassing the former peak of 2.17 million contracts recorded in April 2025.
This milestone in March adds to a series of achievements by the India-linked derivatives contract.
In February, GIFT Nifty marked its highest single-day trading volume of 457,989 contracts, with a single-day turnover of $23.48 billion, exceeding the prior single-day record of $22.88 billion from January 23, 2024.
The previous monthly record of $106.22 billion in October 2025 had already outdone the earlier high of $102.35 billion set in May 2025, highlighting the continuous increase in trading activities over the past year.
Since its full-scale operations began on July 3, 2023, GIFT Nifty has amassed a cumulative trading volume of over 63.37 million contracts with a total turnover of $2.92 trillion through March 2026.
In contrast, the cumulative volume was 60.05 million contracts amounting to $2.76 trillion as of February 2026, demonstrating a notable surge in the final month of the fiscal year.
NSEIX, which commands a market share of over 99.7 percent among international exchanges at GIFT City, was established on June 5, 2017, and is recognized by the International Financial Services Centre Authority.
The exchange provides a wide range of products, including Indian single stock derivatives, index derivatives, currency derivatives, and depository receipts, alongside primary market offerings like equity shares, REITs, InvITs, and ESG debt securities under the IFSCA Listing Regulations, 2024.
Currently, GIFT Nifty futures, considered an early indicator of the Nifty index, were trading at 22,706, experiencing a decrease of 144.5 points or 0.63 percent.
It’s worth noting that this indicator was previously known as SGX Nifty while traded on the Singapore Exchange.
Point of View
It becomes evident that the Indian derivatives market is experiencing significant growth. This trend reflects increased investor interest and confidence in the financial landscape, marking a promising future for trading activities.
NationPress
29 Jul 2026
Frequently Asked Questions
What was the monthly turnover of GIFT Nifty in March?
GIFT Nifty recorded a monthly turnover of **$129.80 billion** in March, setting a new record.
What was the previous record for GIFT Nifty's turnover?
The previous record was **$106.22 billion**, set in October 2025.
How has trading volume changed over time?
The trading volume reached **2.82 million contracts** in March, surpassing the earlier peak of **2.17 million contracts** in April 2025.
What products does NSEIX offer?
NSEIX provides a range of products including derivatives, depository receipts, and various primary market offerings.
