Latest news with #NSEIX
Mint
5 days ago
- Business
- Mint
GIFT Nifty sets all-time high monthly turnover of $102.35 billion in May 2025
GIFT Nifty, the leading derivative contract on the NSE International Exchange (NSE IX) at GIFT City, reached a record monthly turnover of $102.35 billion ( ₹ 8.75 lakh crore) in May 2025, setting a new benchmark for the platform. This figure exceeded the prior monthly peak of $100.93 billion achieved in April 2025. This exceeds its earlier peak of $100.93 billion, which was recorded in April 2025. Since beginning full-scale operations on July 3, 2023, GIFT Nifty has achieved a total turnover of $1.93 trillion, covering over 43.28 million contracts as of May 2025. '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 said in a statement. Indian retail investors are still unable to access GIFT Nifty through the Liberalised Remittance Scheme (LRS). Under this scheme, the Reserve Bank of India (RBI) prohibits using the annual $250,000 limit for leveraged trading, such as futures and options. However, Indian brokerages and their subsidiaries are allowed to onboard non-resident clients and wealthy Indian family offices. In addition to trading on their own behalf, they are permitted to execute trades for these clients. Established on June 5, 2017, NSE IX is a multi-asset international exchange located in GIFT City, functioning under the oversight of the International Financial Services Centres Authority (IFSCA). It dominates the market within GIFT IFSC with a market share exceeding 99%, offering a wide variety of instruments such as Indian single stock and index derivatives, currency derivatives, depository receipts, and global equities. The platform also supports the listing of various financial instruments, including equity shares, SPACs, REITs, InvITs, and ESG-linked debt instruments, all in accordance with IFSCA regulations. Both NSE IX and GIFT Nifty have received major regulatory approvals, including a Part 30 exemption from the CFTC and Class Relief from the SEC, enabling U.S.-based investors to trade derivative products on the platform. Disclaimer: This story is for educational purposes only. The views and recommendations above are those of individual analysts or broking companies, not Mint. We advise investors to check with certified experts before making any investment decisions.
India Gazette
5 days ago
- Business
- India Gazette
GIFT Nifty sets all-time high monthly turnover of USD 102.35 billion for May 2025
New Delhi [India], June 1 (ANI): GIFT Nifty has recorded a new milestone and has added yet another feather in its cap in terms of achieving all-time high monthly turnover of USD 102.35 billion in the month of May 2025. This significant feat surpasses its previous record of USD 100.93 billion set in April 2025. This milestone reflects the growing global interest and trust in the GIFT Nifty as a benchmark for India's growth story, a release by the National Stock Exchange (NSE) added. '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,' the release added. The NSE said that the trading turnover on NSE IX has been growing exponentially since the 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 43.28 million contracts with total cumulative turnover of USD 1.93 trillion till May 2025. NSE IX is an international multi-asset exchange set up at GIFT City on June 5, 2017, and recognised by International Financial Services Centre Authority (IFSCA) ( NSE International Exchange holds a dominant market share of over 99 per cent, highlighting extensive leadership in GIFT IFSC. NSE IX offers a diversified portfolio of products, including Indian Single Stock Derivatives, Index Derivatives, Currency Derivatives, Depository Receipts, 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 (Listing) Regulations, 2024. NSE IX and GIFT NIFTY have received part 30 exemption from the Commodity Futures Trading Commission (CFTC) under regulation 30.10 and SEC class relief under Sections 5, 6, 15, or 17A (SEC Act 1934), which enables US customers to participate in derivative contracts listed on NSE IX. (ANI)
India.com
5 days ago
- Business
- India.com
GIFT Nifty Clocks All-Time High Monthly Turnover Of $102.35 Billion In May
New Delhi: GIFT Nifty has recorded the highest-ever monthly turnover of $102.35 billion (Rs 8,75, 098 crore) with 2.10 million contracts during May, it was announced on Sunday. GIFT Nifty, which stands as a new benchmark to the growth story of Indian equity market, recorded a new milestone and has added yet another feather in its cap in terms of achieving all-time high monthly turnover. This feat surpasses its previous record of $100.93 billion set in April this year. 'This milestone reflects the growing global interest and trust in the GIFT Nifty as a benchmark for the India's growth story. 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,' the National Stock Exchange of India (NSE) said in a statement. 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 43.28 million contracts with total cumulative turnover of US $1.93 trillion till May 2025. NSE IX is an International multi assets exchange set up at GIFT City on June 5, 2017, and recognised by International Financial Services Centre Authority (IFSCA).NSE International Exchange holds a dominant market share of over 99 per cent, highlighting extensive leadership in GIFT IFSC. It offers a diversified portfolio of products including Indian Single Stock Derivatives, Index Derivatives, Currency Derivatives, Depository Receipts and Global Stocks. Meanwhile, NSE has reached a significant milestone, becoming the largest unlisted company in India with over 100,000 shareholders, according to latest industry data. For the financial year ending March 31 (FY25), the NSE reported a 17 per cent year-on-year (YoY) increase in consolidated total income, reaching Rs 19,177 crore.
Economic Times
5 days ago
- Business
- Economic Times
GIFT Nifty hits record monthly turnover of $102.35 billion in May 2025
GIFT Nifty, the flagship derivative contract traded on NSE International Exchange (NSE IX) at GIFT City, posted its highest-ever monthly turnover of $102.35 billion (Rs 8.75 lakh crore) in May 2025, marking a new milestone for the platform. This surpasses the previous monthly high of $100.93 billion recorded in April 2025. ADVERTISEMENT The total trading volume stood at 2.10 million contracts for the month, underscoring growing global investor confidence in GIFT Nifty as a benchmark for India's growth story. Since the launch of its full-scale operations on July 3, 2023, GIFT Nifty has recorded a cumulative turnover of $1.93 trillion, spanning more than 43.28 million contracts as of May 2025. 'We are glad to witness the success of GIFT Nifty and express our sincere gratitude to all participants for their overwhelming support,' NSE IX said in a statement. Also Read: India's top 10 priciest stocks in 2025: MRF to Elcid, see who tops the list Launched on June 5, 2017, NSE IX is a multi-asset international exchange operating at GIFT City and regulated by the International Financial Services Centres Authority (IFSCA). The platform commands over 99% market share within GIFT IFSC and offers a diverse range of products, including Indian Single Stock and Index Derivatives, Currency Derivatives, Depository Receipts, and Global Stocks. ADVERTISEMENT It also facilitates listings of equity shares, SPACs, REITs, InvITs, and ESG-linked debt securities under IFSCA's regulatory IX and GIFT Nifty have secured key regulatory clearances including CFTC's Part 30 exemption and SEC Class Relief, allowing US-based investors to participate in derivative contracts on the platform. ADVERTISEMENT Also Read: Ola Electric, Kalyan Jewellers among 10 firms where promoters pledge increased in Q4 (Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times) ADVERTISEMENT
Hans India
5 days ago
- Business
- Hans India
GIFT Nifty clocks all-time high monthly turnover of $102.35 billion in May
Mumbai: GIFT Nifty has recorded the highest-ever monthly turnover of $102.35 billion (Rs 8,75, 098 crore) with 2.10 million contracts during May, it was announced on Sunday. GIFT Nifty, which stands as a new benchmark to the growth story of Indian equity market, recorded a new milestone and has added yet another feather in its cap in terms of achieving all-time high monthly turnover. This feat surpasses its previous record of $100.93 billion set in April this year. 'This milestone reflects the growing global interest and trust in the GIFT Nifty as a benchmark for the India's growth story. 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,' the National Stock Exchange of India (NSE) said in a statement. 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 43.28 million contracts with total cumulative turnover of US $1.93 trillion till May 2025. NSE IX is an International multi assets exchange set up at GIFT City on June 5, 2017, and recognised by International Financial Services Centre Authority (IFSCA). NSE International Exchange holds a dominant market share of over 99 per cent, highlighting extensive leadership in GIFT IFSC. It offers a diversified portfolio of products including Indian Single Stock Derivatives, Index Derivatives, Currency Derivatives, Depository Receipts and Global Stocks. Meanwhile, NSE has reached a significant milestone, becoming the largest unlisted company in India with over 100,000 shareholders, according to latest industry data. For the financial year ending March 31 (FY25), the NSE reported a 17 per cent year-on-year (YoY) increase in consolidated total income, reaching Rs 19,177 crore.
