GIFT Nifty goes into overdrive, hits all-time high in volume and open interest
GIFT Nifty recorded a record single-day volume of 457,999 contracts worth $21.18 billion on September 24, 2026. Open interest also hit an all-time high, highlighting growing activity since full-scale operations began in July 2023 at NSE IX.
On September 24, 2026, the NSE International Exchange (NSE IX) witnessed an unprecedented surge in trading activity for the GIFT Nifty index. The index recorded a staggering single-day volume of 457,999 contracts, surpassing all previous records. This remarkable accomplishment was accompanied by an all-time high open interest of 452,433 contracts, also with a turnover of $20.93 billion.
Since the inception of full-scale operations on July 3, 2023, GIFT Nifty has seen a cumulative volume of over 75.68 million contracts, with a total cumulative turnover of $3.50 trillion as of September 24, 2026. This milestone underscores the index's emergence as a new benchmark for the growth story of the Indian equity market. NSE IX, established in GIFT City on June 5, 2017, offers a range of derivative products and primary-market offerings under the purview of the IFSCA.
The exchange has garnered a Part 30 exemption from the US Commodity Futures Trading Commission, facilitating participation in derivative contracts for US customers. Despite the broader Indian equities market facing challenges, the Nifty 50 has endured a seven-week losing streak, its longest in six years, due to factors such as high crude prices, rising US Treasury yields, geopolitical tensions, and increased FII outflows.
Written by urgent.news from The Economic Times - Top News's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
Also reported by 1 other outlet
- Gift Nifty hits record $23.67 bn turnover, open interest crosses $21 bn thehindubusinessline.com
