GIFT Nifty achieved a new milestone with a monthly turnover of $100.7 billion in September 2024. This surpasses its previous record of $100.13 billion set in August 2024. This reflects the growing global interest and trust in GIFT Nifty as a benchmark for India’s growth story. NSE IX, the exchange hosting GIFT Nifty, has seen a total cumulative volume of over 27.11 million contracts with total cumulative turnover of US $1.18 trillion till September 2024.
Is Nifty expensive? Why judge today’s valuations through yesterday’s lens, asks Pankaj Pandey
ICICI Direct’s Pankaj Pandey believes India’s Nifty has structurally transformed, making historical valuation comparisons obsolete. He suggests current valuations, though seemingly rich at 20x FY27