# GIFT Nifty hits record $23.67 bn turnover, open interest at $21.87 bn

2026-09-26T09:41:19+00:00 | Business & Economy | Indian Opinion Desk

Corroboration: 3 independent outlets

GIFT Nifty set a new single-day turnover record of $23.67 billion on September 25, 2026, with 5,12,023 contracts traded, NSE International Exchange (NSE IX) said. Open interest also hit a record $21.87 billion, equivalent to around Rs 2.10 lakh crore, with 4,71,287 contracts. The previous turnover high was $23.48 billion on February 20, 2026, and the earlier open interest record of $21.56 billion was set on June 25, 2026. Since full-scale operations began on July 3, 2023, cumulative volume has exceeded 76.19 million contracts with cumulative turnover of $3.52 trillion. NSE IX described the milestones as a 'new era for Gift Nifty', saying turnover has grown exponentially. The platform also holds US regulatory exemptions allowing American customers to trade its derivatives. The records came a day after NSE shares debuted on the BSE at Rs 1,800, a 0.84% premium over the issue price. GIFT Nifty is operated by NSE IX, established at GIFT City in 2017.

## Indian Opinion Analysis

All three sources report the same numbers and NSE IX's upbeat framing without challenge. The Economic Times pairs the record with a detailed bearish note on Indian equities falling for seven straight weeks, while Business Line and the Times of India mention the NSE listing as adjacent context. None question whether exponential derivatives growth at GIFT City carries risk. The balanced reading is that the GIFT Nifty milestone is a straightforward operational record, what remains to be watched is whether sustained FII outflows from Indian cash equities will eventually temper offshore derivatives activity.

## Coverage

- economictimes.indiatimes.com (neutral report) <https://economictimes.indiatimes.com/markets/stocks/news/gift-nifty-goes-into-overdrive-hits-all-time-high-in-volume-and-open-interest/articleshow/134499784.cms>
  Reports record figures and NSE IX statement, then pivots to market weakness without attributing it to Gift Nifty
- thehindubusinessline.com (neutral report) <https://www.thehindubusinessline.com/markets/gift-nifty-hits-record-2367-bn-turnover-open-interest-crosses-21-bn/article71512107.ece>
  Leads with the new record numbers and NSE IX comment, includes NSE listing as related context
- timesofindia.indiatimes.com (neutral report) <https://timesofindia.indiatimes.com/business/india-business/gift-nifty-breaks-the-23-billion-mark-as-trading-activity-hits-a-fresh-high/articleshow/134502922.cms>
  Leads with the record and NSE IX's 'new era' quote, adds NSE listing and regulatory exemptions

Tags: GIFT City, Gift Nifty, NSE, NSE International Exchange
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