NSE IX's Gift Nifty shatters records with over 214,000 contracts traded in a single day!
Gift Nifty remains open for almost 21 hours each day. It's a global extravaganza of trading, where the hustle never stops, and the markets are alive with activity around the clock.
Step into the electrifying world of Gift Nifty derivatives on NSE International Exchange (NSE IX), where financial records are shattered, and trading prowess reaches astonishing heights! The date was July 24, 2023, a day that will forever be etched in the minds of traders and investors as a groundbreaking milestone.
In a display of sheer market prowess, the first session of trading witnessed a spectacle like never before, with a staggering 2,14,000 contracts exchanged in a single day! The turnover value soared to an awe-inspiring US $8.5 billion, creating a financial extravaganza that left everyone in awe. Traded contract volume and turnover value witness a significant growth of over 530 per cent and 600 per cent respectively compared to the first day full-scale operations volume of 33,570 contracts with turnover of US $1.21 billion.
This remarkable achievement wasn't a stroke of luck; it was the culmination of a remarkable growth trajectory that began with the launch of the NSE IX-SGX GIFT Connect (The Connect) on July 03, 2023. From that day onwards, the Gift Nifty platform has been a magnet, pulling in traders from around the world, all eager to partake in the allure of the Indian equity market derivatives. A testament to this fact is that since the first day of full-scale operations of the Connect, Gift Nifty has witnessed a total cumulative volume of 7,86,636 contracts with a total cumulative turnover of US $30.28 billion.
What makes Gift Nifty even more enchanting is the access it offers to a diverse array of derivative contracts, from Gift Nifty 50 to Gift Nifty Bank, Gift Nifty Financial Services, and Gift Nifty IT. These contracts beckon traders to step into a world of limitless possibilities, where fortunes can be made, and dreams can come true.
As the trading hours overlap Asia, Europe, and US trading sessions, Gift Nifty remains open for almost 21 hours each day. It's a global extravaganza of trading, where the hustle never stops, and the markets are alive with activity around the clock.
The impact of Gift Nifty on the Indian equity market has been nothing short of revolutionary. Its presence has drawn international investors like moths to a flame, igniting the growth story of the market and setting new benchmarks for success.
As the dust settles on this remarkable day of trading, there's an overwhelming sense of gratitude to all the participants who played a part in this financial spectacle. Traders, investors, and enthusiasts from around the globe have contributed to making Gift Nifty a roaring success.
As we look to the future, the legacy of Gift Nifty on NSE IX stands as a testament to the audacity of dreams and the limitless potential of financial markets. So, as the sun sets on this extraordinary day, we raise a toast to the traders who dare to dream big, the investors who embrace the excitement of risk, and the global community that has come together in pursuit of a shared financial adventure. Here's to Gift Nifty and the boundless possibilities it holds!