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GIFT Nifty hit a record turnover of US 23.48 billion for 457,989 contracts on February 20, 2026, at GIFT City, marking a milestone for NSEIX since its July 2023 operations.
GIFT Nifty is an index derivative traded at GIFT City (Gujarat International Finance Tec-City).
GIFT Nifty recorded the highest turnover a single day of US $23.48 billion (Rs 2.13 lakh crore) for 457,989 contracts. With this milestone, GIFT Nifty has added yet another feather in its cap in terms of trading activities.
GIFT Nifty reached an all-time high single day trading activity of 457,989 contracts with turnover of US $23.48 billion (~INR 2,13,587 Crs. equivalent) on February 20, 2026, surpassing the previous record of US $22.88 billion on January 23, 2024.
Trading turnover on NSEIX 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 60.05 million contracts with total cumulative turnover of US $2.76 trillion.
NSEIX is an International multi assets exchange set up at GIFT City on June 5, 2017, and recognized by International Financial Services Centre Authority (IFSCA).
What Is GIFT Nifty?
GIFT Nifty is an index derivative traded at GIFT City (Gujarat International Finance Tec-City). It represents the offshore version of India’s benchmark Nifty 50 index.
Earlier, this contract was known as SGX Nifty and was traded in Singapore. In July 2023, trading shifted to India’s NSE International Exchange (NSE IX) at GIFT City and was renamed GIFT Nifty.
It suggests early indications on how Indian markets may open. It also helps to attract foreign participation into Indian equity derivatives.
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