This milestone reflects the growing global interest and trust in the GIFT Nifty as a benchmark for India’s growth story, NSE release said, adding that 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 27.11 million contracts with total cumulative turnover of US $1.18 trillion till September 2024.
NSE IX is an International multi assets exchange set up at GIFT City on June 5, 2017 and is recognised by International Financial Services Centre Authority (IFSCA) and it offers a diversified portfolio of products including Indian Single Stock Derivatives, Index Derivatives, Currency Derivatives, Depository Receipts and Global Stocks.
The exchange also provides a comprehensive range of primary market products including listing of equity shares, SPAC, depository receipts, debt securities and ESG debt securities under the regulatory framework of IFSCA (Issuance and Listing of Securities) Regulations, 2024.
Indian benchmark indices ended the day nearly flat with a slight negative bias on Tuesday. While gains in IT stocks provided some support, losses in heavyweight stocks like Reliance Industries and HDFC Bank weighed on the overall performance.The BSE Sensex dipped 33 points (0.04%) to close at 84,266, and the NSE Nifty slipped 14 points (0.05%) to settle at 25,797, reflecting cautious market sentiment amidst volatility.Also Read: Sebi announces 6-step framework to get Indians rid of F&O addiction
(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times)
