GIFT Nifty records highest-ever monthly turnover of $102.35 billion in May

GIFT Nifty, which stands as a new benchmark in the growth story of the Indian equities market, has recorded its highest-ever monthly turnover in May 2025, at $102.35 billion (about ₹8.52 lakh crore). This surpasses its previous record of $100.93 billion (about ₹8.39 lakh crore) 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. We are glad to witness the success of GIFT Nifty and express our sincere gratitude to all the participants for their overwhelming support and for making GIFT Nifty a successful contract,” NSE said in a statement. 

Meanwhile, the Indian benchmark indices, the BSE Sensex and the NSE Nifty, ended the month with a gain of nearly 2%, thanks to sustained buying from foreign institutional investors (FIIs) and strong domestic macroeconomic factors such as GDP growth, declining inflation, and interest rates. FIIs turned buyers in May with a buy figure of ₹18,082 crore.

According to the NSE's release, trading turnover on NSE IX, an international multi-assets exchange set up at GIFT City, has been growing exponentially since the commencement of full-scale operations of GIFT Nifty on July 3, 2023. Since the first day of full-scale operations, GIFT Nifty has witnessed a cumulative volume of over 43.28 million contracts with a cumulative turnover of $1.93 trillion (about ₹16 lakh crore) till May 2025. 

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 the 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 U.S. customers to participate in derivatives contracts listed on NSE IX.