457,999 contracts, US$21.18 billion turnover and US$20.93 billion open interest
KD NEWS SERVICE
GANDHINAGAR, Sep 25: GIFT Nifty has reached a new milestone in its rapid evolution as an international gateway for Indian equity derivatives, recording an all-time high single-day volume of 457,999 contracts with turnover of US$21.18 billion on September 24, 2026.
The trading platform also registered an all-time high open interest of 452,433 contracts, representing a turnover of US$20.93 billion, according to NSE International Exchange (NSE IX).
The latest figures underline the growing depth and participation on the GIFT Nifty platform and reinforce its emergence as a significant offshore-linked market for investors seeking exposure to Indian equity markets through GIFT City, Gandhinagar.
The record volumes were achieved against the backdrop of sustained expansion in trading activity on NSE IX since GIFT Nifty began full-scale operations on July 3, 2023. The platform has since witnessed a sharp increase in participation and turnover, reflecting growing interest in international access to Indian market-linked derivatives.
According to NSE IX, cumulative trading activity on GIFT Nifty has crossed 75.68 million contracts, while cumulative turnover has reached US$3.50 trillion since the commencement of full-scale operations through September 24, 2026.
The latest record is significant not merely for the volume generated in a single session, but also for the continued expansion of GIFT Nifty as part of the financial-market ecosystem being developed at Gujarat International Finance Tec-City (GIFT City).
The platform is designed to provide international investors and market participants with access to Indian equity derivatives in an internationally oriented financial-services environment. Its growth has increasingly positioned GIFT City as an important hub for cross-border financial activity linked to India.
The record-setting session comes at a time when the internationalisation of India’s capital markets is gaining greater importance. As Indian companies, investors and financial institutions become increasingly integrated with global markets, platforms such as GIFT Nifty provide an avenue for international participants to access Indian market exposure beyond conventional domestic trading hours and structures.
The scale of the latest activity also highlights the increasing liquidity available on the platform. High trading volumes and open interest are important indicators of participation and market depth, allowing a larger number of market participants to enter and exit positions across a broad range of market conditions.
NSE IX said the achievement reflected the continued support of market participants and expressed gratitude to participants for their contribution to the development of GIFT Nifty.
A rapidly expanding international market platform
NSE International Exchange was established at GIFT City on June 5, 2017 and is recognised by the International Financial Services Centres Authority (IFSCA). The exchange operates as a multi-asset international exchange and offers a diversified portfolio of financial products.
Its product universe includes Indian single-stock derivatives, index derivatives, currency derivatives, depository receipts and global stocks. On the primary-market side, NSE IX provides facilities for products including equity shares, Special Purpose Acquisition Companies (SPACs), Real Estate Investment Trusts (REITs), Infrastructure Investment Trusts (InvITs), depository receipts, debt securities and ESG debt securities under the applicable IFSCA regulatory framework.
The exchange’s international orientation is further reflected in regulatory arrangements that facilitate participation by overseas investors. NSE IX and GIFT Nifty have received Part 30 exemption from the US Commodity Futures Trading Commission (CFTC) under Regulation 30.10, as well as SEC class relief under Sections 5, 6, 15 and 17A of the Securities Exchange Act of 1934. These arrangements enable eligible US customers to participate in derivative contracts listed on NSE IX.
GIFT Nifty’s growing role
The latest milestone adds to a series of developments that have accompanied GIFT Nifty’s expansion since its full-scale launch in 2023. Its cumulative turnover of US$3.50 trillion represents the substantial scale reached by the platform in just over three years of full-scale operations.
The crossing of the 75-million-contract mark further demonstrates the increasing activity generated through the exchange.
For GIFT City, the growth of GIFT Nifty has broader significance. The platform forms a central component of India’s effort to build an internationally competitive financial-services centre capable of attracting global capital, institutions and financial-market activity.
The record performance therefore represents not only a strong trading session but also another marker in the development of India’s international financial infrastructure.
With single-day contracts approaching half a million and daily turnover crossing US$21 billion, GIFT Nifty’s latest performance provides a fresh indication of the scale that India’s international financial-market ecosystem is beginning to command.
