GIFT Nifty sets an all-time high monthly turnover of $102.35 billion in May

GIFT Nifty has achieved a historic milestone by reaching an all-time high monthly turnover of $102.35 billion, equivalent to approximately Rs 8.76 lakh crore, in May. This remarkable performance was driven by the execution of 2.10 million contracts, reflecting a robust uptick in trading activity. The surge underscores GIFT Nifty's growing prominence in the global financial landscape, attracting both domestic and international investors. Analysts attribute this surge to favorable market conditions and increased participation from institutional investors. The record-breaking turnover highlights GIFT Nifty's role as a pivotal platform for trading derivatives, offering a wide array of financial instruments. As investors seek to navigate volatile markets, the exchange's sophisticated infrastructure and strategic location in the Gujarat International Finance Tec-City (GIFT City) have proven to be advantageous. Looking forward, market experts anticipate continued growth for GIFT Nifty, driven by ongoing developments in India's financial markets and regulatory enhancements. The exchange's ability to sustain such high turnover levels could potentially attract more global players, further solidifying its status as a key player in the international trading arena. This achievement not only signifies GIFT Nifty's operational success but also marks a significant milestone in India's journey to becoming a global financial hub.

— Authored by Next24 Live