Gift Nifty sets all-time high single day turnover of US$16.76bn (UPDATED)

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 single day trading activity of 4,27,925 contracts with turnover of US $16.76billion (INR 1,39,766Crs. equivalent) on November 28, 2023.Gift Nifty not only surpassed its prior record of single day trading turnover of US $15.25 billion on September 26, 2023, but also achieved highest Open Interest of US $13.51 billion surpassing its previous OI record of US $12.75 billion on November 27, 2023. This remarkable dual milestone signifies a new era for Gift Nifty contracts. 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 7.87 million contracts with total cumulative turnover of US $ 304.07 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.


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