Ahmedabad: GIFT Nifty recorded an all-time high monthly turnover of US $100.7 billion in Sep. It surpassed its previous record of US $100.13 billion set on Aug 30.”Trading turnover on NSE IX has been growing exponentially since the commencement of full-scale operations 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 27.11 million contracts with a total cumulative turnover of US $1.18 trillion till Sep 2024,” NSE IX stated in a release.This milestone reflects the growing global interest and trust in the GIFT Nifty as a benchmark for India’s growth story, it added.NSE IX is an international multi-assets exchange set up at GIFT City on June 5, 2017, and recognised by the International Financial Services Centre Authority (IFSCA).It offers a diversified portfolio of products including Indian single stock derivatives, index derivatives, currency derivatives, depository receipts, and global stocks.
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