NSE India Sets New Trading Volume Records in 2025
The National Stock Exchange of India (NSE) has achieved historic trading levels in 2025 across its derivatives, cash market, and international platform. Here's an in-depth look at what’s driving these record volumes—and why it matters.
📈 GIFT‑Nifty Hits All-Time Monthly High
NSE International Exchange at GIFT City recorded its highest-ever monthly turnover—$102.35 billion (₹8.75 lakh crore)—in May 2025, surpassing April’s record. Contracts traded in the month stood at ~2.1 million, while cumulative turnover since July 2023 has reached $1.93 trillion .
💹 NSE Remains Global Derivatives Leader
Continuing its dominance, NSE processed ~36.8 billion equity index option contracts in Q2 2024—more than two-thirds of global volumes. In Q1 2025, average daily futures turnover hit ₹2.09 trillion (~$24.9 billion), while options reached ₹719 billion (~$8.6 billion) .
📊 Q4 FY25 Financials: Still Profitable Despite Dip
Revenue declined ~18% QoQ to ₹3,771 crore in Q4 FY25 due to lower transaction charges, but PAT grew 7% YoY to ₹2,650 crore. Full-year profit jumped ~47% to ₹12,188 crore, and a final dividend of ₹35/share was announced .
🌍 Why This Matters
- Global-Grade Infrastructure: NSE IX’s 24×7 capability enhances India’s global financial position.
- Deeper Liquidity: Record volumes bolster market efficiency and price discovery.
- Revenue Diversity: Derivatives and international trading offset cash-market cyclicality.
- IPO Boost: Strengthened financials and dividends build investor confidence for its upcoming listing.
⚠️ What to Watch Next
- Volume Sustainability: Derivatives growth depends on sustained volatility and global participation.
- Fee Pressures: Competitive or regulatory changes could compress revenues.
- IPO Execution: As NSE prepares to list, governance and transparency will be under scrutiny.
📚 References
- GIFT-Nifty $102.35 b monthly turnover and $1.93 trn cumulative total
- World’s largest derivatives exchange: 36.8 bn options contracts; ₹2.09 tn futures/day; ₹719 bn options/day
- Q4 FY25: ₹2,650 cr PAT (+7% YoY), ₹12,188 cr FY profit (+47%), ₹35 dividend