- This remarkable feat surpasses its previous record of US $100.13 bn set on August 30, 2024
NE BUSINESS BUREAU
GANDHINAGAR, OCT 1
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 US $100.7 billion as on September 30, 2024. This remarkable feat surpasses its previous record of US $100.13 billion set on August 30, 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,” says a release.
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 27.11 million contracts with total cumulative turnover of US $1.18 trillion till September 2024.
