Mumbai, Sep 2 (IANS) GIFT Nifty recorded all-time high monthly turnover of $100.13 billion in August, setting a new benchmark to the growth story of Indian equity market.
The feat surpasses its previous record of $97.8 billion set in June. “This milestone reflects the growing global interest and trust in the GIFT Nifty as a benchmark for the India’s growth story,” said the National Stock Exchange (NSE).
“We are glad to witness the success of GIFT Nifty and express our sincere gratitude to all the participants for their overwhelming support and making GIFT Nifty a successful contract,” the exchange added.
Trading turnover on 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 witnessed a total cumulative volume of over 25.13 million contracts, with total cumulative turnover of $1.08 trillion till August 30.
On August 27, GIFT Nifty set an all-time high open interest of $18.29 billion, surpassing its previous Open Interest record of $18.22 billion on June 26 this year.
NSE IX offers a diversified portfolio of products including Indian single stock derivatives, index derivatives, currency derivatives, depository receipts and global stocks.
GIFT Nifty, which is traded on the National Stock Exchange (NSE), recorded a new milestone of achieving an all-time high monthly turnover of $95.55 billion (about Rs 7,97,714 crore) in June.
There are about 10 crore registered investors on the NSE and out of that, around 22 per cent are female investors. Since 2015, the number of female investors in the Indian stock market has increased by 6.8 times. About 69 per cent of investors are below the age of 40 years.
The registered investor base hit the one crore mark 14 years after commencement of operations.
–IANS
na/
Disclaimer
The information contained in this website is for general information purposes only. The information is provided by TodayIndia.news and while we endeavour to keep the information up to date and correct, we make no representations or warranties of any kind, express or implied, about the completeness, accuracy, reliability, suitability or availability with respect to the website or the information, products, services, or related graphics contained on the website for any purpose. Any reliance you place on such information is therefore strictly at your own risk.
In no event will we be liable for any loss or damage including without limitation, indirect or consequential loss or damage, or any loss or damage whatsoever arising from loss of data or profits arising out of, or in connection with, the use of this website.
Through this website you are able to link to other websites which are not under the control of TodayIndia.news We have no control over the nature, content and availability of those sites. The inclusion of any links does not necessarily imply a recommendation or endorse the views expressed within them.
Every effort is made to keep the website up and running smoothly. However, TodayIndia.news takes no responsibility for, and will not be liable for, the website being temporarily unavailable due to technical issues beyond our control.
For any legal details or query please visit original source link given with news or click on Go to Source.
Our translation service aims to offer the most accurate translation possible and we rarely experience any issues with news post. However, as the translation is carried out by third part tool there is a possibility for error to cause the occasional inaccuracy. We therefore require you to accept this disclaimer before confirming any translation news with us.
If you are not willing to accept this disclaimer then we recommend reading news post in its original language.
