GIFT Nifty, the futures contract linked to NSE Nifty50, achieved a historic milestone in October 2025. It reported an all-time high monthly turnover of $103.45 billion, equivalent to Rs 9,16,576 crore, breaking its previous record of $102.35 billion set in May 2025.
The strong trading activity reflects growing interest from both domestic and global investors in India’s equity market. During the month, 2.06 million contracts were traded on the NSE International Exchange (NSEIX) located in GIFT City, Gujarat.
What Is GIFT Nifty?
GIFT Nifty is a futures contract based on the NSE Nifty 50 index. It serves as an international trading platform that allows global investors to participate in Indian equity derivatives.
Earlier known as SGX Nifty when traded on the Singapore Exchange, it was rebranded as GIFT Nifty after shifting to the NSE International Exchange (NSEIX) in July 2023.
Growth Since Full-Scale Operations
Since the start of full-scale operations on July 3, 2023, GIFT Nifty has shown exponential growth. By October 30, 2025, the contract recorded a cumulative turnover of $2.39 trillion and a total trading volume of over 52.71 million contracts.
This steady rise highlights the platform’s increasing relevance as a benchmark for India’s growth story. NSE officials expressed gratitude to all market participants for supporting the success of GIFT Nifty and helping it emerge as a key international trading instrument.
About NSE International Exchange (NSEIX)
The NSE International Exchange (NSEIX) was established in GIFT City on June 5, 2017. It operates under the supervision of the International Financial Services Centre Authority (IFSCA) and holds a dominant market share of over 99.7% in GIFT IFSC.
NSEIX offers a diverse range of products including:
- Indian Single Stock Derivatives
- Index Derivatives like GIFT Nifty
- Currency Derivatives
- Depository Receipts and Global Stocks
- Equity Shares, SPAC, REITs, InvITs and Debt Securities listings
The exchange is regulated under the IFSCA (Listing) Regulations 2024 and holds Part 30 exemption from the U.S. Commodity Futures Trading Commission (CFTC) and SEC class relief, allowing U.S. investors to trade in its listed derivative contracts.
Why GIFT Nifty Matters for India
GIFT Nifty is more than just a trading contract—it represents India’s ambition to become a global financial hub. The platform provides international investors with easy access to India’s equity market while operating in a globally compliant environment. The record turnover of October 2025 reinforces India’s growing influence in global finance.
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