Gift Nifty reached an all-time high single-day turnover of USD 12.39 billion and open interest of USD 12.35 billion on July 25, 2023

Achieved a record open interest standing at 3,12,190 contracts worth USD 12.35 billion (Rs 1,01,023 crore equivalent) open position.

GIFT IFSC, Gandhinagar, July 26, 2023:

Gift Nifty, which stands as a new benchmark for the growth story of the Indian equity market, has achieved multiple back-to-back records. It attained a record open interest, standing at 3,12,190 contracts worth USD 12.35 billion (Rs 1,01,023 crore equivalent) as of July 25, 2023, along with a record single-day trading activity of more than 3,14,900 contracts with a turnover of USD 12.39 billion (Rs 1,01,350 crore equivalent) on July 25, 2023.

Open positions, in terms of the number of contracts and value, exceeded the first day of full-scale operations by 32 per cent and 35 per cent, respectively. The commencement of full-scale operations saw 2,37,108 contracts worth USD 9.14 billion (Rs 74,987 crore equivalent) in Gift Nifty.

The traded contract volume and turnover value witnessed significant growth, increasing by over 838 per cent and 924 per cent, respectively, compared to the first-day full-scale operations volume of 33,570 contracts with a turnover of USD 1.21 billion.

About NSE IX:

NSE IX is an International multi-assets exchange set up at GIFT City on June 5, 2017, and recognized by the International Financial Services Centre Authority (www.ifsca.gov.in). NSE IX offers a diversified portfolio of products, including Indian single-stock derivatives, index derivatives, currency derivatives, depository receipts, commodity derivatives, and Global Stocks. The exchange provides a comprehensive range of primary market products, including the listing of equity shares, SPAC, REITs, InvITs, depository receipts, debt securities, and ESG debt securities under the regulatory framework of IFSCA (Issuance and Listing of Securities) Regulations, 2021. NSE IX and GIFT NIFTY have received a part 30 exemption from the Commodity Futures Trading Commission (CFTC) under regulation 30.10, enabling US customers to participate in derivative contracts listed on NSE IX.