(THE NEWSMAN OF INDIA.COM)
Gift Nifty Sets an All-Time High Single Day Turnover of US $12.98 billion on August 29, 2023

• Sets an all-time high single day trading activity of 3,36,535 contracts with turnover of US $12.98 billion (INR 1,07,267 Crs. equivalent)

• Open interest stands at 3,08,254 contracts worth US $11.93 billion (INR 98,589 Crs. equivalent) as on August 29, 2023.

Gift Nifty, which stands as a new benchmark to the growth story of Indian equity market, has reached an all-time high single day trading activity of 3,36,535 contracts with turnover of US $12.98 billion (INR 1,07,267 Crs. equivalent) on August 29, 2023. Trading turnover on NSE IX has been growing exponentially since commencement of a full-scale operation of GIFT Nifty on July 3, 2023. Since the first day of full-scale operations, Gift Nifty has witnessed a total cumulative volume of over 2.94 million contracts with total cumulative turnover of US $ 113.73 billion. We are glad to witness the success of GIFT Nifty and express our sincere gratitude to all the participants for their overwhelming support and making GIFT Nifty a successful contract.

NSE IX is an International multi assets exchange set up at GIFT City on June 5, 2017, and recognized by International Financial Services Centre Authority (www.ifsca.gov.in). NSE IX offers a diversified portfolio of products including Indian single stock derivatives, index derivatives, currency derivatives, depository receipts, commodity derivatives and Global Stocks. The exchange provides a comprehensive range of primary market products including listing of equity shares, SPAC, REITs, InvITs, depository receipts, debt securities and ESG debt securities under the regulatory framework of IFSCA (Issuance and Listing of Securities) Regulations, 2021. NSE IX and GIFT NIFTY has received part 30 exemption from Commodity Futures Trading Commission (CFTC) under regulation 30.10, which enables US customers to participate in derivative contracts listed on NSE IX. For more information, please visit www.nseix.com.