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GIFT Nifty Hits Record $23.48 Billion Turnover, Logs Highest Daily Volume

GIFT Nifty achieved a historic single-day trading volume of 457,989 contracts, generating a record turnover of $23.48 billion. This surpasses the previous high set in January 2024, underscoring the contract's rapid growth since its full-scale launch in July 2023. The milestone highlights increasing global participation and solidifies GIFT Nifty's role as a key benchmark for the Indian equity market. NSE International Exchange, which operates the platform, holds a dominant market share of over 99.6% in the GIFT IFSC.

Key Points: GIFT Nifty Hits Record $23.48 Billion Turnover

  • Record $23.48B single-day turnover
  • 457,989 contracts traded, a new volume high
  • Surpasses previous record from January 2024
  • Cumulative turnover since July 2023 hits $2.76T
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GIFT Nifty hits record $23.48 bn turnover, logs highest-ever single-day trading volume

GIFT Nifty sets a new single-day trading record with a turnover of $23.48 billion, reflecting surging global interest in India's equity derivatives.

"The milestone reflects rising participation and growing global interest in India-linked derivatives traded at GIFT City."

Mumbai, Feb 22

Trading activity in GIFT Nifty touched a new record on Friday -- highlighting the strong growth momentum in India's equity derivatives market, it was informed on Sunday.

The index recorded its highest-ever single-day trading volume of 457,989 contracts, with a turnover of $23.48 billion, or around Rs 2.13 lakh crore.

This surpassed the previous record turnover of $22.88 billion achieved on January 23, 2024. The milestone reflects rising participation and growing global interest in India-linked derivatives traded at GIFT City.

Trading turnover on NSE International Exchange (NSE IX) has been increasing sharply since the full-scale launch of GIFT Nifty operations on July 3, 2023.

Since then, the contract has recorded a cumulative trading volume of over 60.05 million contracts, with a total cumulative turnover of $2.76 trillion.

Market participants said the steady rise in volumes underlines GIFT Nifty's emergence as a key benchmark reflecting the growth story of the Indian equity market.

The exchange expressed satisfaction over the achievement and thanked investors and traders for their continued support in making the contract a success.

NSEIX is an International multi assets exchange set up at GIFT City on June 5, 2017, and recognised by International Financial Services Centre Authority (IFSCA).

NSE International Exchange holds a dominant market share of over 99.6 per cent -- highlighting extensive leadership in GIFT IFSC.

NSEIX 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 of IFSCA (Listing) Regulations, 2024.

Meanwhile, the exchange informed last year that its international Nifty futures contract, GIFT Nifty, witnessed a record monthly turnover of $106.22 billion in the month of October.

The October turnover of 2.11 million contracts exceeded the previous high of $102.35 billion reached in May 2025, according to the exchange.

- IANS

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Reader Comments

P
Priya S
As someone who trades occasionally, this record volume is exciting but also a bit worrying. Such high volatility can be risky for retail investors. Hope SEBI and IFSCA are keeping a close watch to ensure market stability.
R
Rohit P
GIFT Nifty's success is a direct result of sensible policy making. Creating a world-class financial zone with international regulations was a masterstroke. More power to our finance ministers and regulators!
S
Sarah B
Working in finance in Mumbai, we've been watching GIFT City closely. This record turnover proves it's not just hype. The ease of doing business there is attracting serious global capital. A big win for 'Make in India' in the financial sector.
V
Vikram M
While this is impressive, I hope the benefits trickle down. We need to ensure this financial growth creates jobs in Gujarat and across India, not just profits for big institutions. The real test is inclusive development.
K
Karthik V
Rs 2.13 lakh crore in a single day! 🤯 This is the kind of economic momentum that makes headlines. It's great to see India creating its own benchmarks instead of just following others. Next stop: competing with Singapore and Dubai directly.

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