GIFT Nifty Volume Surges, Reflecting Growth in Indian Equity Market

Historic Trading Volume Reflects Rising Global Interest in India-Linked Derivatives​

Mumbai, February 22 Trading activity in GIFT Nifty reached a new milestone on Friday, underscoring the accelerating growth of India’s equity derivatives market.

The index recorded its highest-ever single-day trading volume of 457,989 contracts, generating a turnover of $23.48 billion, equivalent to approximately Rs 2.13 lakh crore. This surpassed the previous record turnover of $22.88 billion achieved on January 23, 2024.

The latest milestone signals increasing participation and sustained global interest in India-linked derivatives traded at GIFT City.

Strong Momentum Since Full-Scale Launch in July 2023​

Trading volumes on the NSE International Exchange have seen sharp growth since the full-scale launch of GIFT Nifty operations on July 3, 2023.

Since its launch, GIFT Nifty has recorded a cumulative trading volume of over 60.05 million contracts, with total cumulative turnover reaching $2.76 trillion.

Market participants noted that the steady rise in volumes reflects the index’s emergence as a key benchmark aligned with the growth trajectory of the Indian equity market.

The exchange expressed satisfaction over the achievement and thanked investors and traders for their continued participation in strengthening the contract’s success.

NSE IX’s Expanding Product Portfolio at GIFT IFSC​

NSE International Exchange, established on June 5, 2017, at GIFT City, operates as an international multi-asset exchange and is recognized by the International Financial Services Centres Authority.

The exchange holds a dominant market share of over 99.6 per cent within GIFT IFSC, reinforcing its leadership position in the international trading ecosystem.

NSE IX offers a diversified range of financial products, including:

• Indian Single Stock Derivatives
• Index Derivatives
• Currency Derivatives
• Depository Receipts
• Global Stocks

It also provides primary market offerings such as listing of Equity Shares, SPACs, REITs, InvITs, Depository Receipts, Debt Securities, and ESG Debt Securities under the regulatory framework of the IFSCA Listing Regulations, 2024.

Record Monthly Turnover Achieved in October​

Last year, the exchange reported that GIFT Nifty recorded a historic monthly turnover of $106.22 billion in October, driven by trading activity of 2.11 million contracts.

This exceeded the earlier monthly record of $102.35 billion registered in May 2025, further highlighting the contract’s growing acceptance among global investors.

With sustained participation and expanding product offerings, GIFT Nifty continues to strengthen its position as a significant offshore derivatives benchmark linked to India’s equity markets.