GIFT Nifty hits record open interest of $21.56 billion; contracts touch all-time high

GS3Economy · S&T · Environment · Security· Capital markets & SEBI· Prelims· 29 June 2026

Why in news

GIFT Nifty reached a record all-time high open interest of $21.56 billion on June 25, 2026, signaling surging international investor confidence in India's offshore trading platform.

Background

The NSE International Exchange (NSE IX) operates the GIFT Nifty platform and holds over 99.6% market share within the International Financial Services Centre (IFSC). As of June 25, 2026, the platform recorded a cumulative volume exceeding 69.56 million contracts with a total turnover surpassing US$3.21 trillion.

Facts for Prelims

FactGIFT Nifty reached a record open interest of 446,150 contracts on June 25, 2026
FactNSE IX holds over 99.6% market share within the International Financial Services Centre (IFSC)
FactNSE IX launched full-scale operations in July 2023
FactCumulative turnover of NSE IX surpassed US$3.21 trillion as of June 25, 2026

For Mains

Q. Discuss how the expansion of offshore trading platforms like GIFT Nifty contributes to India's goal of becoming a global financial hub.

Dimensions to cover in your answer

Liquidity depth: Enhanced market depth through offshore participation reducing domestic volatility during global shocks
Regulatory arbitrage: Balancing investor protection with the need for competitive offshore financial services
Capital flight monitoring: Challenges in tracking cross-border capital flows through offshore derivative platforms

Keywords: Capital Markets · Offshore Trading · Liquidity · Financial Hub · Market Volatility

Read the full news →Source: Economic Times ↗

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This note is generated automatically from SatyaDheesh's news feed and mapped to the UPSC CSE syllabus. Check facts against the original report or PIB before using them in an answer.