GIFT Nifty just clocked a massive new milestone on June 25, 2026.
- Record Open Interest (OI): Hit an all-time high of $21.56 Billion (approx. ₹2,03,655 Crs) with 4,46,150 active contracts.
- The Previous High: $21.23 Billion back in October 2025.
- Total Turnover: Since full launch (July 2023), cumulative turnover has crossed a staggering $3.21 Trillion.
- Market Share: NSEIX now commands a 99.6% market share in GIFT IFSC.
GIFT Nifty is seeing a massive influx of global institutional liquidity, driven by a continuous surge in Open Interest. Thanks to regulatory tailwinds like CFTC and SEC relief, US and international funds are heavily utilizing the platform to trade and hedge Indian equity exposure.
My 2 cents view:
An Open Interest of $21.56 Billion means global institutions aren’t just day-trading Indian equity; they are dropping heavy anchor.
But a 99.6% market share means one exchange controls the entire offshore pipe for a nuclear-growth economy, they set the rules, the fees, and the pace of innovation.
Is this a good level of centralizing liquidity in a single exchange healthy for the long-term stability of India’s offshore market, or am i thinking too much at a early stage?