Gujarat Pulse▲ Bullish
GIFT City Trading Volumes Touch New High as International Desks Shift to Gandhinagar
Reported by Administrator·11/5/2026·4 min read
NSE International Exchange (NSE IX) at GIFT City recorded record single-day turnover in GIFT Nifty contracts as sovereign wealth funds leverage zero capital gains tax incentives.
✦ Key Takeaways & Market Impact
- NSE IX GIFT Nifty daily turnover crossed $4.2 billion
- Zero capital gains tax and zero STT attracts global hedge funds
- GIFT City cements standing as premier international financial hub
Trading momentum at the Gujarat International Finance Tec-City (GIFT City) reached another milestone this week as average daily turnover on the NSE IX platform climbed past $4.2 billion. Global hedge funds and proprietary desks from Singapore and Dubai have expanded direct execution infrastructure in the Gandhinagar special economic zone.
Key regulatory incentives including full exemption from capital gains tax, securities transaction tax (STT), and stamp duty have cemented GIFT City's status as the primary offshore gateway for global capital accessing Indian equity derivatives.
💡In Simple Terms (Plain-Language Explanation)
In simple terms: Foreign investors are trading Indian stock contracts directly in Gujarat because GIFT City offers zero capital gains tax and 21-hour trading hours.
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