This milestone reflects the growing global interest and confidence in GIFT Nifty as a benchmark for India’s growth story, an NSE release said, adding that trading turnover on NSE IX has been increasing rapidly since GIFT Nifty began full-scale operations on NSE IX on July 3. . , 2023.
Since the first day of full-scale operations, GIFT Nifty has seen a total cumulative volume of 27.11 million contracts with a total cumulative turnover of US$1.18 trillion till September 2024.
NSE IX is an international multi-asset exchange established on June 5, 2017 at GIFT City and is accredited by the International Financial Services Center Authority (IFSCA) and offers a diversified portfolio of products including Indian single stock derivatives, index derivatives, currency derivatives, offers. Depository Receipts and Global Stocks.
The exchange also offers a wide range of primary market products including listing of equity shares, SPAC, depository receipts, debt securities and ESG debt securities under the regulatory framework of the IFSCA (Issuance and Listing of Securities) Regulations, 2024.
Indian benchmark indices ended the day almost flat on Tuesday with a slight negative bias. While gains in IT stocks provided some support, losses in heavyweight stocks like Reliance Industries and HDFC Bank weighed on the overall performance.
The BSE Sensex closed down 33 points (0.04%) at 84,266 and the NSE Nifty settled down 14 points (0.05%) at 25,797, reflecting cautious market sentiment amid volatility.
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