Mumbai: GIFT Nifty recorded its highest-ever single-day trading volume on Friday, underscoring the strong growth momentum in India’s equity derivatives market and rising global participation at GIFT City.

The index logged 457,989 contracts in a single session, generating a record turnover of $23.48 billion (approximately ₹2.13 lakh crore). This surpassed the previous high of $22.88 billion recorded on January 23, 2024.

The milestone highlights increasing investor participation and growing international interest in India-linked derivatives traded on the NSE International Exchange (NSE IX) at GIFT IFSC.

Since the full-scale launch of GIFT Nifty operations on July 3, 2023, trading activity has witnessed sustained expansion. The contract has recorded a cumulative trading volume of more than 60.05 million contracts, with total cumulative turnover reaching $2.76 trillion.

Market participants said the consistent rise in trading volumes reflects GIFT Nifty’s emergence as a key benchmark for tracking the performance and global appeal of the Indian equity market.

NSE International Exchange (NSE IX), established at GIFT City on June 5, 2017, operates as an international multi-asset exchange and is regulated by the International Financial Services Centres Authority (IFSCA). The exchange commands a dominant market share of over 99.6 per cent at GIFT IFSC.

NSE IX offers a diversified range of products, 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 debt instruments under the IFSCA (Listing) Regulations, 2024.

Earlier, the exchange reported that GIFT Nifty’s international Nifty futures contract achieved a record monthly turnover of $106.22 billion in October, with 2.11 million contracts traded during the month. This exceeded the previous monthly high of $102.35 billion recorded in May 2025.

The latest record reinforces GIFT City’s growing role as a global financial hub and strengthens India’s position in international derivatives trading.

IANS