Mumbai, Sep 25 || As global investors' confidence grows in the Indian stock market, GIFT Nifty has set an all-time high open interest of $20.84 billion (on September 24), surpassing its previous record of $18.50 billion, it was announced on Wednesday.
GIFT Nifty, which stands as a new benchmark to the growth story of Indian equity market, saw open interest of 399,188 contracts worth $20.84 billion (about Rs 1,74,275 crore), said the National Stock Exchange (NSE).
The continuous increase in open interest highlights the broader participation and reflects the trust of the global investors in GIFT Nifty, the exchange added.
Trading turnover on NSE International Exchange (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 26.61 million contracts with total cumulative turnover of US $1.15 trillion till September 24, according to the exchange.