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GIFT Nifty Hits Record $129.8 Billion Turnover in March 2026

GIFT Nifty achieved a historic monthly turnover of $129.80 billion in March 2026, surpassing its previous record. Trading volume also reached a new peak of 2.82 million contracts during the same period. This continues a trend of accelerating activity, with the contract's cumulative turnover since its 2023 launch approaching $3 trillion. The exchange, which holds a dominant market share at GIFT City, offers a wide range of index and single stock derivatives.

Key Points: GIFT Nifty Logs Record $129.8B Monthly Turnover

  • Record $129.8B monthly turnover
  • All-time high 2.82M contracts traded
  • Steady acceleration over past year
  • Cumulative turnover nears $3 trillion
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GIFT Nifty logs all-time high monthly turnover of $129.80 billion in March

GIFT Nifty's monthly turnover hit an all-time high of $129.80 billion in March 2026, with trading volume also reaching a record 2.82 million contracts.

"GIFT Nifty recorded its highest-ever monthly turnover of $129.80 billion in the month of March - NSE International Exchange"

New Delhi, April 2

GIFT Nifty recorded its highest-ever monthly turnover of $129.80 billion in the month of March, surpassing its previous record of $106.22 billion set in October 2025, according to NSE International Exchange on Thursday.

The exchange also said that monthly trading volume hit an all-time high of 2.82 million contracts in March, eclipsing the earlier peak of 2.17 million contracts set in April 2025.

The March milestone is the latest in a series of records for the India-linked derivatives contract.

Earlier in February, GIFT Nifty had logged its highest-ever single-day trading volume of 4,57,989 contracts, with a single-day turnover of $23.48 billion -- surpassing the previous single-day record of $22.88 billion set on January 23, 2024.

The October 2025 monthly record of $106.22 billion had itself eclipsed the earlier high of $102.35 billion reached in May 2025, underscoring the steady acceleration in trading activity over the past year.

Since the launch of full-scale operations on July 3, 2023, the contract has clocked a cumulative trading volume of over 63.37 million contracts with a total turnover of $2.92 trillion through March 2026.

By comparison, cumulative volume stood at 60.05 million contracts with a turnover of $2.76 trillion as of February 2026, indicating a sharp acceleration in the final month of the fiscal year.

NSEIX -- which holds a market share of over 99.7 per cent among international exchanges at GIFT City -- was set up on June 5, 2017 and recognised by the International Financial Services Centre Authority.

The exchange offers a diversified product portfolio including Indian single stock derivatives, index derivatives, currency derivatives, and depository receipts, as well as primary market products such as equity shares, REITs, InvITs, and ESG debt securities under the IFSCA Listing Regulations, 2024.

GIFT Nifty futures -- also known as an early indicator of the Nifty index -- were trading at 22,706 during intra-day, down 144.5 points or 0.63 per cent.

Notably, previously the indicator was called as SGX Nifty when it was traded on the Singapore Exchange.

- IANS

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Reader Comments

S
Sarah B
As someone who tracks markets, these numbers are staggering. $2.92 trillion in cumulative turnover since launch? That's incredible growth. It shows deep global confidence in Indian markets. Bullish on India's financial infrastructure!
P
Priya S
While the record numbers are impressive, I hope this growth is sustainable and not just speculative frenzy. Regulators need to ensure robust oversight to protect retail investors who might be drawn in by the hype.
V
Vikram M
Good to see 'SGX Nifty' is now firmly 'GIFT Nifty'. Symbolic and practical win. This brings price discovery and trading activity closer to home. More such initiatives are needed to make India a true financial powerhouse.
R
Rohit P
The acceleration in the last month of the fiscal year is interesting. Could be institutional rebalancing or window dressing? Either way, the sheer volume shows GIFT Nifty has become indispensable for global players tracking India.
K
Karthik V
Amazing progress! But we must not get complacent. The real test is during a major global downturn – will liquidity hold? Also, need to simplify access for domestic retail investors in GIFT City products. Currently feels like a club for big institutions and foreign investors.

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