GIFT Nifty logged an all-time high Open Interest of US$21.56 billion (₹2,03,655 crore) on 25 June 2026, with a record 4,46,150 outstanding contracts — according to a statement by GIFT IFSC. The new milestone surpasses the previous peak of $21.23 billion in Open Interest and 4,10,100 contracts, which was set on 24 October 2025. The steady rise in Open Interest reflects growing participation from both domestic and international market participants, and underscores rising global investor confidence in GIFT Nifty as a preferred avenue for trading Indian equity derivatives.
Record vs Previous High
The new record represents an increase of roughly $0.33 billion in Open Interest value and about 36,050 additional outstanding contracts compared to the previous high set eight months earlier. Open Interest — the total number of outstanding derivative contracts that remain active at any given point — is widely regarded as one of the most important gauges of market confidence. Rising Open Interest typically points to expanding investor participation, improving liquidity, and stronger conviction among market participants to hold larger positions over time.
Cumulative Volume & Turnover
Since Full-Scale Operations Began — 3 July 2023
Trading activity on the NSE International Exchange (NSE IX) has expanded rapidly since GIFT Nifty commenced full-scale operations on 3 July 2023. As of 25 June 2026, the platform has recorded cumulative trading volume of more than 69.56 million contracts, with total cumulative turnover crossing US$3.21 trillion. NSE IX, established at GIFT City on 5 June 2017, is an international multi-asset exchange and currently accounts for over 99.6% of the market share within the GIFT IFSC.
Why This Milestone Matters
GIFT Nifty is a US dollar-denominated futures contract based on India's benchmark Nifty 50 index, traded on NSE IX in GIFT City, Gujarat. It gives Foreign Portfolio Investors (FPIs), Non-Resident Indians (NRIs), and Eligible Foreign Investors (EFIs) direct exposure to Indian equities without trading on domestic exchanges. NSE IX has also secured a Part 30 exemption from the US Commodity Futures Trading Commission (CFTC) under Regulation 30.10, along with class relief from the US Securities and Exchange Commission (SEC) under the Securities Exchange Act of 1934 — regulatory approvals that make it easier for eligible US-based investors to access the contract. The continuous rise in Open Interest reflects growing global trust in GIFT Nifty as GIFT City, Gandhinagar, works to establish itself as an international financial centre.