GIFT Nifty, which are traded on the National Stock Exchange (NSE), recorded a new milestone of achieving an all-time high monthly turnover of $95.55 billion (about Rs 7,97,714 crore) as on June 27.
NSE has said that this feat is a step in the direction of showing the growing interest and confidence of international investors in GIFT Nifty as an important benchmark of the economic-growth trajectory of India. It said it sincerely thanks all its partners for their continued strong support, attributing their contributions to the success of GIFT Nifty as a futures contract.
Since GIFT Nifty went into full scale operation on July 3, 2023, trading turnover on NSE IX has risen steeply. On June 27, 2024, GIFT Nifty had recorded a cumulative volume in excess of 21.06 million contracts with a total turnover amounting to $881.26 billion since inception.
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