GIFT Nifty Sets an All-Time High Open Interest of US $18.29 billion on August 27, 2024
· Sets an all-time High Open Interest of 364,710 contracts worth US $18.29 billion (INR 1,53,588 Crs. equivalent) as on August 27, 2024.
Mumbai, 29 August 2024 (GNI): 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 highest Open Interest of US $18.29 billion on August 27, 2024, surpassing its previous Open Interest record of US $18.22 billion on June 26, 2024. The continuous increase in open interest highlights the broader participation and reflects the trust of the global investors in GIFT Nifty.
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 24.71 million contracts with total cumulative turnover of US $1.05 trillion till August 27, 2024.
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.ends GNI
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