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Home Chandigarh

GIFT Nifty hits record monthly turnover of $95.5 billion for June

admin by admin
June 29, 2024
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GIFT Nifty, which are traded on the National Stock Exchange (NSE), recorded a new milestone of achieving an all-time high monthly turnover of $95.55 billion (about Rs 7,97,714 crore) as on June 27.This surpassed its previous record of $91.73 billion set in May. The benchmark achieved its highest-ever monthly turnover of 21,23,014 contracts in June.

“This milestone reflects the growing global interest and trust in the GIFT Nifty as a benchmark for India’s growth story,” NSE said.

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“We are glad to witness the success of GIFT Nifty and express our sincere gratitude to all the participants for their overwhelming support and for making GIFT Nifty a successful contract,” it added.

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Trading turnover on NSE IX has been growing exponentially since commencement of the 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 21.06 million contracts with a total cumulative turnover of $881.26 billion till June 27, 2024. AGENCIES

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