New Delhi: Gift Nifty, which stands as a new benchmark to the growth story of Indian equity market, recorded a new milestone and has added yet another feather in its cap in terms of trading activities. Gift Nifty reached an all-time high for the first session single day trading activity of 5,18,522 contracts with turnover of US $22.27 billion (~INR 1,85,098 Crs. equivalent) on January 23, 2023. Gift Nifty surpassed its prior record of single day full session trading turnover of US $16.76 billion on November 28, 2023.
Trading turnover on NSE IX has been growing exponentially since commencement of a full-scale operation of GIFT Nifty on July 3, 2023. Since the first day of full-scale operations, Gift Nifty has witnessed a total cumulative volume of over 10.84 million contracts with total cumulative turnover of US $ 430.06 billion.
We are glad to witness the success of GIFT Nifty and express our sincere gratitude to all the participants for their overwhelming support and making GIFT Nifty a successful contract.
About NSE IX:
NSE IX is an International multi assets exchange set up at GIFT City on June 5, 2017, and recognized by International Financial Services Centre Authority (www.ifsca.gov.in). NSE IX offers a diversified portfolio of products including Indian single stock derivatives, index derivatives, currency derivatives, depository receipts, commodity derivatives and Global Stocks. The exchange provides a comprehensive range of primary market products including listing of equity shares, SPAC, REITs, InvITs, depository receipts, debt securities and ESG debt securities under the regulatory framework of IFSCA (Issuance and Listing of Securities) Regulations, 2021. NSE IX and GIFT NIFTY has received part 30 exemption from Commodity Futures Trading Commission (CFTC) under regulation 30.10, which enables US customers to participate in derivative contracts listed on NSE IX. For more information, please visit www.nseix.com.