GIFT Nifty hits record monthly turnover of $102.35 billion in May – CNBC TV18

The GIFT Nifty, which is an early indicator of how Indian equity markets are likely to begin trading, recorded its all-time high monthly turnover of $102.35 billion in May 2025, marking a new milestone for the platform.

This surpasses its previous record of $100.93 billion set in April 2025.

“We are glad to witness the success of GIFT Nifty and express our sincere gratitude to all participants for their overwhelming support,” NSE IX said in a statement.

Since the launch of its full-scale operations on July 3, 2023, GIFT Nifty has recorded a cumulative turnover of $1.93 trillion, spanning more than 43.28 million contracts as of May 2025.

The GIFT Nifty has remained out of reach for Indian retail traders under the Liberalised Remittance Scheme (LRS) route. Under the LRS, the Reserve Bank of India (RBI) disallows the use of the $2,50,000 per person, per year limit for leveraged traders, including futures and options.

However, Indian brokers and subsidiaries can sign up funds through non-residents and family-owned offices of wealthy Indians as clients. Apart from running proprietary trades, they can trade on behalf of clients as well.

NSE IX is an international multi assets exchange set up at GIFT City on June 5, 2017, and recognised by International Financial Services Centre Authority (IFSCA). NSE International Exchange holds a market share of over 99%, highlighting extensive leadership in GIFT IFSC.