GIFT Nifty registered its highest-ever monthly turnover of $102.35 billion (Rs 8.75 lakh crore) in May 2025. This surpasses its previous high of $100.93 billion (Rs 8.63 lakh crore) recorded a month ago. A total of 2.1 million contracts were traded during the month of May, NSE International Exchange (NSE IX) said in a press release on June 1, 2025.
GIFT Nifty is a stock market index derivative that acts as a bellwether for National Stock Exchange’s (NSE) benchmark index, the NIFTY 50. GIFT Nifty had previously recorded its highest single day turnover of $22.7 billion (Rs 19.42 lakh crore) on 24 September 2024.
“This milestone reflects the growing global interest and trust in the GIFT Nifty as a benchmark for the India’s growth story,” NSE IX said in its press release.
GIFT Nifty operates across two trading sessions daily, from 6:30 am to 3:40 pm, and then from 4:35 pm to 2:45 am. As of May 30, 2025, Gift Nifty 50 June 25 Futures contract last quoted at 24,837, up by 3.4 points or 0.01 per cent.
“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,” the release further said.
Since the launch of its full-scale operations on July 3, 2023, GIFT Nifty has witnessed exponential growth in trading activity on NSE IX.
As of May 2025, the contract has recorded a cumulative volume of over 43.28 million contracts, which translates into a turnover of $1.93 trillion (Rs 1,651.36 lakh crore).
NSE IX, a wholly-owned subsidiary of the National Stock Exchange, holds a dominant market share of over 99 per cent in the GIFT International Financial Services Centre (IFSC). NSE IX offers a wide range of products, from Indian single stock and index derivatives to global stocks and depository receipts.
It also facilitates primary market instruments such as equity shares, Real Estate Investment Trusts (Reits), Infrastructure Investment Trusts (InvITs), Special Purpose Acquisition Companies (SPACs), and Environmental, Social, and Governance (ESG) debt securities. It is regulated by the International Financial Services Centres Authority (IFSCA) and has secured key exemptions from US regulators, such as the Commodity Futures Trading Commission (CFTC) and the Securities and Exchange Commission (SEC).
