GIFT Nifty Sets An All-Time High Monthly Turnover Of US $82.04 Billion For April 2024

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  • Sets an all-time High Monthly Turnover of 18,66,728 contracts worth US $82.04 billion (INR 6,85,187.4 Crs. equivalent)
  • Records Highest Open Interest of 3,38,335 contracts worth US $15.09 billion (INR 1,25,847 Crs. equivalent) on April 23, 2024.

INDIA: GIFT Nifty, which stands as a new benchmark to the growth story of the Indian equity market, recorded a new milestone and has added yet another feather in its cap in terms of achieving an All-Time High Monthly Turnover of US $82.04 billion in April 2024. This remarkable feat surpasses its previous record of US $78.09 billion set in February 2024.

Trading turnover on NSE IX has been growing exponentially since the 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 $16.86 million contracts with a total cumulative turnover of US $694 billion till April 2024.

The NSE spokesperson remarks, “We are glad to witness the success of GIFT Nifty and express our sincere gratitude to all the participants for their overwhelming support and for making GIFT Nifty a successful contract.”

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