BSE's India INX shines again; single day trading turnover crosses all time high

The India International Exchange (IFSC) Limited (India INX), India’s first international exchange based in the International Financial Services Centre (IFSC) at Gujarat International Finance Tec-City (GIFT City) witnessed an all-time high trading turnover of over USD 13.05 billion which is of around Rs 96,033 crore at 04:15 pm on its derivative segment in daily trading turnover on December 28, 2020, with a market share of over 84% in GIFT IFSC.

Trading turnover on the BSE’s India International Exchange has been growing exponentially ever since it commenced trading activities on January 16, 2017. Its average daily trading turnover has crossed over USD 10.11 billion (Rs 74,398 crore) mark in the month of Dec 2020, over 51 per cent growth in average daily trading turnover as compared to previous month. The cumulative trading turnover has crossed the USD 1.58 trillion (Rs 1,16,26,999 crore) mark driven by a substantial jump in market participation. This increased trading activity validates the new products and initiatives taken by India INX and reflects growing interest in the IFSC among the broking fraternity.

Even during the Covid-19 pandemic and lockdown, India INX was operational for 22 hours nonstop and has maintained its leadership as the No. 1 exchange in IFSC GIFT City.