GIFT Nifty (the Nifty futures contract traded on the GIFT City-based NSE International Exchange) registered a record monthly turnover of $102.35 billion in May 2025.
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June 01 WHAT? India INX is India’s first international stock exchange, located in GIFT City, Gujarat. It is a wholly-owned subsidiary of the Bombay Stock Exchange (BSE) and was launched on January 9, 2017 by Prime Minister Narendra Modi. The India International Exchange Ltd. (India INX) is under the ownership of the Ministry of Finance, Government of India. It operates under the International Financial Services Centre (IFSC) framework and is regulated by the IFSCA (International Financial Services Centres...
January 08 WHAT? Gujarat International Finance Tec-City (GIFT City), located in Gandhinagar, Gujarat, is India's first operational smart city and International Financial Services Centre (IFSC). Envisioned to rival global financial hubs like Singapore, Dubai, and London, GIFT City is a dynamic blend of financial services, tech innovation, smart infrastructure, and sustainable urban planning. Spread over 886 acres, GIFT City is transforming India’s economic landscape with futuristic ambitions and world-class...
July 21 WHAT? GIFT Nifty is a USD-denominated derivative contract based on the Nifty 50 index, traded on the NSE International Exchange (NSE IX) at GIFT City, Gujarat. It represents India’s strategic move to bring offshore Nifty trading back under Indian regulatory jurisdiction, replacing the earlier SGX Nifty (Singapore Exchange). GIFT Nifty, the stock index of GIFT City, offers a similar tax environment to SGX Nifty (Singapore Exchange), ensuring tax neutrality for international players. Additionally, non-resident...
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