GIFT Nifty sets an all-time high monthly turnover of USD 88.10 billion for month of May 2024
Records highest open interest of 3,92,577 contracts worth USD 17.81 billion
GIFT Nifty, which stands as a new benchmark to the growth story of Indian equity market, recorded a new milestone and has added yet another feather in its cap in terms of achieving All-Time High Monthly Turnover of USD 88.10 billion in May 2024 as on end of the first session on May 30, 2024. This remarkable feat surpasses its previous record of USD 82.04 billion set in April 2024.
This milestone reflects the growing global interest and trust in the GIFT Nifty as a benchmark for the India’s growth story. We are glad to witness the success of GIFT Nifty and express our sincere gratitude to all the participants for their overwhelming support and making GIFT Nifty a successful contract.
Trading turnover on NSE IX has been growing exponentially since 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 18.84 million contracts with total cumulative turnover of US USD 782.08 billion till end of the first session on May 30, 2024.
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Disclaimer: The article is for informational purposes only and not investment advice.