GIFT Nifty Achieves Record Monthly Turnover of $129.80 Billion in March
Synopsis
In March, GIFT Nifty set a new record with a monthly turnover of $129.80 billion, breaking its own previous high. This achievement highlights the growing momentum in India's financial markets, with unprecedented trading activity and significant milestones being reached.
Key Takeaways
March 2023 marked GIFT Nifty's record turnover of $129.80 billion .
Trading volume reached 2.82 million contracts in March.
Previous record was $106.22 billion in October 2025.
GIFT Nifty's cumulative trading volume since launch exceeds 63.37 million contracts .
NSEIX holds over 99.7% market share among international exchanges.
New Delhi, April 2 (NationPress) - In March, GIFT Nifty achieved its highest monthly turnover ever, reaching $129.80 billion, which surpassed the previous record of $106.22 billion set in October 2025, as reported by NSE International Exchange (IX) on Thursday.
The exchange also noted that the monthly trading volume reached an unprecedented 2.82 million contracts in March, exceeding the earlier record of 2.17 million contracts established in April 2025.
This milestone for March adds to a series of achievements for the India-linked derivatives contract.
In February, GIFT Nifty recorded its highest single-day trading volume of 457,989 contracts and a single-day turnover of $23.48 billion, surpassing the previous single-day record of $22.88 billion achieved on January 23, 2024.
The previous monthly record of $106.22 billion set in October 2025 had already surpassed the earlier high of $102.35 billion reached in May 2025, demonstrating a consistent increase in trading activity over the past year.
Since launching full-scale operations on July 3, 2023, the contract has amassed a cumulative trading volume of over 63.37 million contracts and a total turnover of $2.92 trillion through March 2026.
In comparison, as of February 2026, cumulative volume stood at 60.05 million contracts with a turnover of $2.76 trillion, indicating a significant uptick in the final month of the fiscal year.
NSEIX, which commands a market share exceeding 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 boasts a diversified product portfolio that includes Indian single stock derivatives, index derivatives, currency derivatives, and depository receipts, along with primary market products such as equity shares, REITs, InvITs, and ESG debt securities under the IFSCA Listing Regulations, 2024.
During intra-day trading, GIFT Nifty futures, which serve as an early indicator of the Nifty index, were priced at 22,706, down by 144.5 points or 0.63 percent.
It is noteworthy that the indicator was previously known as SGX Nifty when traded on the Singapore Exchange.
Point of View
It's significant to note that GIFT Nifty's record-breaking turnover reflects a robust trend in India's financial landscape, showcasing increased investor engagement and market confidence. This trend positions India as a pivotal player in the global derivatives market.
NationPress
5 Jul 2026
Frequently Asked Questions
What record did GIFT Nifty achieve in March?
In March, GIFT Nifty recorded its highest-ever monthly turnover of $129.80 billion.
How does the March turnover compare to previous months?
The March figure surpassed the previous record of $106.22 billion set in October 2025.
What was the trading volume in March?
The trading volume hit an all-time high of 2.82 million contracts in March.
When was GIFT Nifty launched?
GIFT Nifty commenced full-scale operations on July 3, 2023.
