| Foundation | July 3, 2023 |
|---|---|
| Operator | NSE IFSC |
| Exchanges | GIFT City, Gandhinagar, Gujarat |
| Website | www |
GIFT Nifty is an Indian stock market index derivative product that serves as an indicator for NSE's benchmark index NIFTY 50. It was rebranded from the erstwhile SGX Nifty and shifted to the new international exchange–NSE IFSC in GIFT City, Gandhinagar, Gujarat. GIFT Nifty started trading on September 25, 2000 under the name of SGX Nifty[1] and trading under new name began on July 3, 2023.[2]
GIFT Nifty set an All-Time High Monthly Turnover of US $100.7 billion for the Month of September 2024. Highest-ever Monthly Turnover of 1,975,468 contracts worth US $100.7 billion (INR 8,43,713 Crs. equivalent) during September 2024[3][4] GIFT Nifty Sets an All-Time High Open Interest of US $20.84 billion on September 24, 2024. It set an all-time High Open Interest of 399,188 contracts worth US $20.84 billion (INR 1,74,275 Crs. equivalent) as on September 24, 2024 and recorded Single Day Turnover of 438,476 worth US $22.72 billion (INR 1,90,026 Crs. equivalent) on September 24, 2024. [5][6][7]
- ^ "SGX Annual Report 2000".
- ^ "What is GIFT Nifty, which started trading from July 3". Indian Express. Retrieved 2023-09-02.
- ^ Kumar, Shivendra (2024-10-01). "GIFT Nifty records all-time high monthly turnover of $100.7 billion in September". The Economic Times. ISSN 0013-0389. Retrieved 2024-12-07.
- ^ "NSE PR" (PDF).
- ^ "NSE PR" (PDF).
- ^ "NSE PR" (PDF).
- ^ "GIFT Nifty Achieves $22.72B Record Daily Turnover". www.angelone.in. Retrieved 2024-12-07.