Gift Nifty Sets an all-time high first session single day trading activity of 5,18,522 contracts with turnover of US $22.27 billion (~INR 1,85,098 Crs. equivalent)
In a resounding testament to its formidable presence in the Indian equity market, Gift Nifty soared to new heights, setting an all-time high first-session single-day turnover of US $22.27 billion (~INR 1,85,098 Crs. equivalent) on January 23, 2023. This remarkable achievement underscores Gift Nifty’s pivotal role as a benchmark in the growth trajectory of the Indian equity market.
Gift Nifty, a dynamic player in the financial landscape, has consistently demonstrated its prowess, achieving milestones that contribute to shaping the narrative of trading activities. The latest accomplishment of recording a staggering 5,18,522 contracts in the first session is not just a numerical feat but a testament to the vibrancy and liquidity that Gift Nifty injects into the market.
The reason Behind the surge of Gift Nifty
The surge in trading activity marks a significant leap for Gift Nifty, surpassing its previous record of a single-day full-session trading turnover of US $16.76 billion on November 28, 2023. This growth trajectory exemplifies the platform’s resilience and ability to adapt to the ever-evolving dynamics of the financial market.
Since the commencement of full-scale operations on July 3, 2023, Gift Nifty has experienced an exponential surge in trading turnover on the NSE IX. The cumulative volume has now surpassed an impressive 10.84 million contracts, with a total cumulative turnover exceeding US $430.06 billion. This remarkable journey reflects not only the popularity of Gift Nifty but also the trust and confidence reposed in it by market participants.
The success of GN is a collaborative effort, and the platform extends its sincere gratitude to all the participants who have played a pivotal role in making it a resounding success. The overwhelming support from the trading community has propelled Gift Nifty to the forefront, establishing it as a preferred choice for market participants seeking efficiency, liquidity, and reliability.
The robust performance of Gift Nifty is a testament to its commitment to fostering a conducive trading environment. It has not only set new benchmarks but has also redefined the standards of trading excellence in the Indian financial landscape. As a facilitator of transparent and efficient trading, GN continues to contribute significantly to the vibrancy and dynamism of the Indian equity market.
As we celebrate this remarkable achievement, GN remains steadfast in its commitment to innovation, efficiency, and customer satisfaction. The platform’s ability to adapt to the evolving needs of market participants positions it as a key player in the future of financial trading in India. The record-setting turnover is not just a milestone; it’s a reflection of Gift Nifty’s journey towards becoming a cornerstone of the Indian financial ecosystem.
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