Latest news with #NSEInternationalExchange
Mint
3 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 Today
13-05-2025
- Business
- India Today
Stock market opening: Will Sensex, Nifty continue their rally today?
After a strong rally in the last session, Sensex and Nifty are expected to open slightly lower on Tuesday, May 13. On Monday, the two key indices surged nearly 4% after a ceasefire agreement between India and Pakistan brought relief to Dalal development led to a sharp rise in investor confidence and broad-based buying across sectors. Further, global positive cues also helped Dalal Street in seeing a rally. Investors will keep an eye on Q4 results and inflation data today, with several stocks in focus. GIFT Nifty on the NSE International Exchange was trading 26 points lower, or 0.10%, at 24,922 as of 8:13 am. This signals a weaker start for domestic markets on Tuesday, following Monday's steep Nifty index touched an intraday high of 23,944 on Monday, rising close to 4% as tensions in the region eased. The broader market followed suit with gains in sectors like real estate, energy, telecom, infrastructure, and Ambala, Co-Founder of Stock Market Today, said, 'India-Pakistan de-escalation has boosted the broader market sentiment. On Monday, the Nifty index touched an intraday high of 23,944, displaying an increase of nearly 4%. This positive momentum highlights our market's resilience amid global trade wars and critical geopolitical uncertainties.'She added, 'There are strong opportunities in segments like infrastructure, energy, real estate, telecom, agriculture, media, and banking. Current momentum suggests these sectors could remain overweight in the coming months and offer better ROI. I recommend that market participants consider buying on dips to make the most of this situation.'According to her, 'We can expect Nifty to gather support between 24,950 and 24,820 and face resistance near 25,120 and 25,280 in the next market session.'FOREIGN INVESTORS RETURN TO BUYINGForeign institutional investors (FIIs), who had recently turned sellers, returned with net purchases worth Rs 1,246.48 crore on Monday. This shift in strategy reflects growing confidence among global investors in the Indian Nair, Head of Research at Geojit Financial Services, said, 'The tariff issue had the pivotal role in the stock market's consolidation over the year. Sudden easing of the US-China tariff war unlocked multiple investment avenues for investors.'He also said, 'Sustained foreign institutional investor inflows, along with a resurgence in retail participation fuelled by expectations of a swift improvement in business sentiment, propelled Monday's upside. However, while the momentum remains strong, the market may enter a phase of consolidation in the near term as investors await concrete signs of earnings growth.'He further added, 'In the meantime, mid and small caps are expected to maintain the optimism in the broad market.'The India VIX, which tracks market volatility, dropped by 14.73% on Monday. This decline in the volatility index suggests reduced fear among market participants and a more stable trading NIFTY IN FOCUSThe Bank Nifty also performed strongly on Monday, closing at 54,383. It opened with a gap-up and stayed firm throughout the Yedve, AVP – Technical and Derivatives Research at Asit C. Mehta Investment Intermediates Ltd., said, 'The Bank Nifty formed a Morning Star candlestick pattern on the daily chart, indicating strength. The next key hurdle for the Bank Nifty is placed near the 56,000–56,100 zone, while major support is seen near 53,480.'He advised, 'Traders are recommended to hold long positions and consider booking profits around the 56,000–56,100 levels.'(Disclaimer: The views, opinions, recommendations, and suggestions expressed by experts/brokerages in this article are their own and do not reflect the views of the India Today Group. It is advisable to consult a qualified broker or financial advisor before making any actual investment or trading choices.)Must Watch advertisement
