Did GIFT Nifty Reach an All-Time High in Open Interest Worth $21.23 Billion?
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Synopsis
On October 24, 2023, GIFT Nifty, the international Nifty futures contract at NSEIX, achieved a groundbreaking open interest of $21.23 billion. This marks a significant milestone, showcasing the growing trust of global investors and the thriving trading environment in GIFT City. Dive into the details behind this impressive achievement!
Key Takeaways
- GIFT Nifty reached a record open interest of $21.23 billion.
- This surpassed the previous high of $20.84 billion.
- Trading on NSEIX has seen exponential growth since July 3, 2023.
- GIFT City is becoming a pivotal hub for international finance.
- Global investor confidence in GIFT Nifty is on the rise.
Mumbai, Oct 28 (NationPress) The NSE International Exchange (NSEIX), a leading multi-asset exchange, announced on Tuesday that its international Nifty futures contract, GIFT Nifty, has achieved an unprecedented open interest (OI) on October 24.
According to the exchange, GIFT Nifty recorded an open interest of 4,10,100 contracts, amounting to $21.23 billion or Rs 1,86,226 crore.
This milestone surpasses the previous high of $20.84 billion, which was reached on September 24, 2024.
The ongoing rise in open interest illustrates broader engagement and signifies the confidence of global investors in GIFT Nifty, as stated by the exchange.
Since its full-scale launch on July 3, 2023, trading turnover on NSEIX has been experiencing remarkable growth.
The exchange expressed gratitude to all participants for their significant support, contributing to the success of GIFT Nifty.
Since the commencement of full operations, GIFT Nifty has recorded a cumulative volume exceeding 52.22 million contracts and a total cumulative turnover of $2.37 trillion as of October 24, 2025.
Located in GIFT City, NSEIX was established on June 5, 2017, and is recognized by the International Financial Services Centres Authority, claiming a market share of over 99.7 percent in GIFT IFSC.
NSEIX provides a diverse range of products, including Indian single stock derivatives, index derivatives, currency derivatives, depository receipts, and global stocks. Additionally, it offers a comprehensive suite of primary market products, such as equity share listings, SPACs, REITs, InvITs, depository receipts, debt securities, and ESG debt securities.
Earlier this month, Union Finance Minister Nirmala Sitharaman introduced a foreign currency settlement system in GIFT City aimed at enhancing international trade, investment, and ease of doing business.
Point of View
I believe the impressive performance of GIFT Nifty underscores the confidence global investors have in India's financial markets. This achievement is a testament to the robustness of the NSEIX and the strategic importance of GIFT City in fostering international trade and investment.
NationPress
28/10/2025
Frequently Asked Questions
What is GIFT Nifty?
GIFT Nifty is an international Nifty futures contract traded on the NSE International Exchange, representing a significant opportunity for global investors.
What was the open interest of GIFT Nifty on October 24?
On October 24, 2023, GIFT Nifty achieved an open interest of 4,10,100 contracts, valued at $21.23 billion.
How does GIFT Nifty contribute to global trading?
GIFT Nifty enables international investors to participate in Indian markets, enhancing liquidity and fostering global financial integration.
What is the significance of the open interest figure?
The open interest figure reflects the level of engagement and confidence investors have in GIFT Nifty, indicating strong demand.
What other products does NSEIX offer?
NSEIX offers a range of products including stock derivatives, index derivatives, currency derivatives, and various primary market products.
