GIFT Nifty sets an all-time high monthly turnover of USD 88.10 billion for month of May 2024

Vaishnavi Chauhan
/ Categories: Trending, Mindshare
GIFT Nifty sets an all-time high monthly turnover of USD 88.10 billion for month of May 2024

Records highest open interest of 3,92,577 contracts worth USD 17.81 billion

GIFT Nifty, which stands as a new benchmark to the growth story of Indian equity market, recorded a new milestone and has added yet another feather in its cap in terms of achieving All-Time High Monthly Turnover of USD 88.10 billion in May 2024 as on end of the first session on May 30, 2024. This remarkable feat surpasses its previous record of USD 82.04 billion set in April 2024.

This milestone reflects the growing global interest and trust in the GIFT Nifty as a benchmark for the India’s growth story.  We are glad to witness the success of GIFT Nifty and express our sincere gratitude to all the participants for their overwhelming support and making GIFT Nifty a successful contract.

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 18.84 million contracts with total cumulative turnover of US USD 782.08 billion till end of the first session on May 30, 2024.

 

DSIJ's 'Large Rhino' service recommends blue chip stocks of Large Cap companies that have leadership positions in their category. If this interests you, do download the service details here.

Disclaimer: The article is for informational purposes only and not investment advice.

Rate this article:
5.0

Leave a comment

Add comment

DSIJ MINDSHARE

Mkt Commentary14-Oct, 2024

Penny Stocks14-Oct, 2024

Bonus and Spilt Shares14-Oct, 2024

Multibaggers14-Oct, 2024

Multibaggers14-Oct, 2024

Knowledge

Technical14-Oct, 2024

MF14-Oct, 2024

Technical11-Oct, 2024

DALAL STREET INVESTMENT JOURNAL - DEMOCRATIZING WEALTH CREATION

Principal Officer: Mr. Shashikant Singh,
Email: principalofficer@dsij.in
Tel: (+91)-20-66663800

Compliance Officer: Mr. Rajesh Padode
Email: complianceofficer@dsij.in
Tel: (+91)-20-66663800

Grievance Officer: Mr. Rajesh Padode
Email: service@dsij.in
Tel: (+91)-20-66663800

Corresponding SEBI regional/local office address- SEBI Bhavan BKC, Plot No.C4-A, 'G' Block, Bandra-Kurla Complex, Bandra (East), Mumbai - 400051, Maharashtra.
Tel: +91-22-26449000 / 40459000 | Fax : +91-22-26449019-22 / 40459019-22 | E-mail : sebi@sebi.gov.in | Toll Free Investor Helpline: 1800 22 7575 | SEBI SCORES | SMARTODR