India's growth story reflected: GIFT Nifty achieves unprecedented October turnover

Mumbai: Multi-asset exchange NSE International Exchange (NSEIX) on Monday announced that its international Nifty futures contract, GIFT Nifty, achieved a record monthly turnover of $106.22 billion in October.

According to the exchange, the October turnover of 2.11 million contracts surpassed the previous peak of $102.35 billion recorded in May 2025.

The milestone underscores the rising global confidence and participation in GIFT Nifty as a key benchmark for India’s growth story, the exchange said. Since commencing full-scale operations on July 3, 2023, GIFT Nifty has recorded over 52.77 million contracts and a cumulative turnover of $2.40 trillion as of October 2025.

Trading volumes on NSEIX have grown sharply since the launch of full-scale GIFT Nifty operations.

“We are glad to witness the success of GIFT Nifty and express our sincere gratitude to all the participants for their overwhelming support and for making GIFT Nifty a successful contract,” NSEIX said in a statement.

Earlier, on October 24, 2025, GIFT Nifty reached a record open interest (OI) of 410,100 contracts, valued at $21.23 billion (₹1.86 lakh crore).

Located in GIFT City, NSEIX was established on June 5, 2017, and is recognised by the International Financial Services Centres Authority (IFSCA). The exchange currently holds a market share of over 99.7 per cent in GIFT IFSC.

NSEIX offers a wide range of financial instruments, including Indian single stock derivatives, index derivatives, currency derivatives, depository receipts, and global equities. It also facilitates primary market listings such as equity shares, SPACs, REITs, InvITs, depository receipts, debt securities, and ESG-linked bonds.

In October, Union Finance Minister Nirmala Sitharaman inaugurated the foreign currency settlement system at GIFT City, aimed at enhancing international trade, investment, and overall ease of doing business.

IANS