Mumbai: The NSE International Exchange (NSEIX) on Tuesday announced that its international Nifty futures contract, GIFT Nifty, reached an all-time high in open interest (OI) on October 24.
According to the exchange, GIFT Nifty recorded an open interest of 4,10,100 contracts valued at $21.23 billion (₹1,86,226 crore) — surpassing the previous record of $20.84 billion set on September 24, 2024.
NSEIX said the sustained growth in open interest underscores rising global participation and investor confidence in the GIFT Nifty platform.
Since the launch of its full-scale operations on July 3, 2023, trading activity on NSEIX has expanded rapidly. “We are delighted with the success of GIFT Nifty and sincerely thank all participants for their continued support in making it a thriving contract,” the exchange stated.
From the start of full-scale operations to October 24, 2025, GIFT Nifty has recorded a cumulative trading volume exceeding 52.22 million contracts, with a total turnover of $2.37 trillion, it added.
Located in GIFT City, NSEIX was established on June 5, 2017, and is regulated by the International Financial Services Centres Authority (IFSCA). The exchange holds over 99.7% market share within GIFT IFSC.
NSEIX offers a diverse range of products, including Indian single stock and index derivatives, currency derivatives, depository receipts, and global equities. It also provides a comprehensive suite of primary market listings, such as equity shares, SPACs, REITs, InvITs, depository receipts, and ESG-linked debt securities.
Earlier this month, Finance Minister Nirmala Sitharaman inaugurated a foreign currency settlement system at GIFT City, aimed at boosting international trade, investment, and ease of doing business.
