GIFT Nifty Sets an All-Time High Monthly Turnover of US $88.10 Billion for Month of May 2024

Gandhinagar: GIFT Nifty, which stands as a new benchmark to the growth story of the Indian equity market, recorded a new milestone and has added yet another feather in its cap in terms of achieving an All-Time High Monthly Turnover of US $88.10 billion in May 2024 as on the end of the first session on May 30, 2024.

This remarkable feat surpasses its previous record of US $82.04 billion set in April 2024.

This milestone reflects the growing global interest and trust in the GIFT Nifty as a benchmark for India’s growth story.  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.

Trading turnover on NSEIX has been growing exponentially since the 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 18.84 million contracts with total cumulative turnover of US $782.08 billion till end of the first session on May 30, 2024.

About NSE IX:

NSE IX is an International multi-assets exchange setup at GIFTCity on June 5,2017, and recognized by International Financial Services Centre Authority (IFSCA).  NSE IX offers a diversified portfolio of products including Indian Single Stock Derivatives, Index Derivatives, Currency Derivatives, Depository Receipts 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 ofIFSCA (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 and SEC class relief under Sections 5,6,15, or17A (SEC Act1934) which enables US customers to participate in derivative contracts listed on NSE IX.