This is an all-time high monthly turnover for GIFT Nifty, surpassing its previous record of US $91.73 billion set in May 2024 itself.
The trading turnover on NSE IX, a fully owned subsidiary of the NSE, 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 2.10 crore contracts with a cumulative turnover of US $881.26 billion till June 27, 2024.
“This milestone reflects the growing global interest and trust in the GIFT Nifty as a benchmark for the 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,” said NSE IX in a release.Also read: Jio Financial and Zomato could join derivatives segment, Nifty50
NSE IX is an International multi assets exchange set up at GIFT City in June 2017 and is recognized by the International Financial Services Centre Authority. The exchange offers a diversified portfolio of products including Indian Single Stock Derivatives, Index Derivatives, Currency Derivatives, Depository Receipts and Global Stocks.
According to the Trendlyne data, GIFT Nifty has better 1 year returns than S&P 500 and Dow Jones Industrial Average index.
GIFT Nifty closed at 24,120 around 2:30 am, after making a new all-time high of Rs 24,274 on June 29, as per the Trendlyne data.
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