GIFT Nifty Soars to Historic Milestone with Record Open Interest of $21.56 Billion as Contracts Reach All-Time High.
Recent developments in the GIFT Nifty indicate a significant milestone in the offshore derivatives market, highlighted by the achievement of its highest-ever open interest of 446,150 contracts as of June 25, 2026. This figure is valued at approximately US$21.56 billion (around Rs 2.04 lakh crore), marking a substantial increase from the previous record of 410,100 contracts set in October 2025. This growth underscores the increasing interest and participation of global investors in India’s GIFT Nifty, which is positioning itself as a leading offshore trading platform for Indian equity derivatives.
The expansion of trading activity on the NSE International Exchange (NSE IX) is noteworthy since the platform began full-scale operations on July 3, 2023. Over this period, NSE IX has registered a cumulative trading volume exceeding 69.56 million contracts, with total turnover surpassing US$3.21 trillion. The impressive growth trajectory reflects both the robustness of the GIFT Nifty contract and the overall favorable market conditions driving international engagement in India’s financial instruments.
NSE IX’s dominance in the International Financial Services Centre (IFSC) is particularly striking, commanding over 99.6% market share. In addition to GIFT Nifty, the exchange facilitates a diverse array of financial products, including single-stock derivatives, currency derivatives, and global stocks. Moreover, it has successfully secured regulatory exemptions from key U.S. financial authorities, allowing eligible U.S. investors to actively engage in the derivatives market. This regulatory framework enhances GIFT Nifty’s attractiveness, illustrating the exchange’s ability to align with international standards and broaden its investor base.
The overwhelming participation and cumulative success of GIFT Nifty signal a strong endorsement from market participants, enhancing its appeal to investors looking to capitalize on opportunities within the Indian market. With the regulatory advancements and diversified product offerings, the GIFT Nifty and NSE IX are well-positioned for continued growth, reinforcing their status as central players in the evolving landscape of global derivatives trading.
Source: The Economic Times
(Expert Note: This report was prepared by the Wealthova team.)