GIFT Nifty, as reported by NSE International Exchange (IX), reached a new milestone in March with a monthly turnover of $129.80 billion, surpassing its previous record set in October 2025. The exchange also noted a record monthly trading volume of 2.82 million contracts during the same period, exceeding the previous peak in April 2025. These achievements mark a series of records for the India-linked derivatives contract.
In February, GIFT Nifty had set another record with its highest-ever single-day trading volume and turnover, surpassing previous records. The contract has shown a consistent growth trend, with each milestone surpassing the previous one. Since its full-scale operations began in July 2023, GIFT Nifty has seen significant trading activity, with a cumulative trading volume exceeding 63.37 million contracts and a total turnover of $2.92 trillion by March 2026.
NSEIX, with a dominant market share among international exchanges at GIFT City, was established in 2017 and is recognized by the International Financial Services Centre Authority. Offering a diverse product portfolio, including various derivatives and primary market products, the exchange plays a crucial role in the financial landscape.
GIFT Nifty futures, an indicator of the Nifty index, were trading at 22,706 during intra-day trading, showing a slight decline. It is worth noting that the indicator was previously known as SGX Nifty when traded on the Singapore Exchange.
