What is the GIFT Nifty lot size?

GIFT Nifty 50 futures on NSE IX are US$2 per index point. At a Nifty level of 25,000, one contract is worth US$50,000. A half-point move, the smallest tick, is worth US$1.

How does GIFT Nifty compare with Nifty futures on NSE?

Both track the Nifty 50. GIFT Nifty trades in US dollars for about 21 hours a day in GIFT City with no STT, while NSE Nifty futures trade in rupees from 9:15 am to 3:30 pm, with a lot size of 65 and STT of 0.05% on the sell side from April 2026.

Can resident Indians trade GIFT Nifty?

Generally no. GIFT Nifty is aimed at NRIs and foreign investors. Money resident Indians send under LRS cannot be used for derivatives or margin trading, so residents usually trade Nifty futures on NSE instead.

Why is GIFT Nifty watched before the Indian market opens?

Because it trades from early morning IST and overnight, GIFT Nifty shows how global news is being priced into Indian stocks before NSE opens at 9:15 am. It replaced SGX Nifty in July 2023.

What margin does GIFT Nifty need?

NSE IX uses SPAN-based margins that change with volatility. As a guide, NSE IX has listed a minimum initial margin of about 5.5% plus 0.5% exposure margin for index futures. Check your broker for the current figure.

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GIFT Nifty vs Nifty Calculator

US$2 a point vs NSE lot 65, side by side. No login, nothing about you is collected.

Nifty level

₹ per US$

GIFT Nifty (NSE IX)

Contracts

Margin %

Fee/side $

Nifty futures (NSE)

Lot size

Margin %

₹ per order

GIFT NiftyNSE Nifty

Contract size1 × US$2 a point3 lots × 65

Exposure$50,000 (₹44 L)₹48.8 L

Value of 1 point₹176₹195

Margin (estimate)₹2.6 Llower₹5.9 L

Round-trip cost₹440lower₹2,478

STTNone in IFSC₹2,438

CurrencyUS dollarsRupees

Trading hours (IST)About 21 hours, two sessions9:15 am to 3:30 pm

Charges use up about 2.5 points on GIFT Nifty and 12.7 points on NSE, so that is how far the market must move before a round trip breaks even. Exposure is not identical: 1 GIFT contract equals about 2.71 NSE lots.

Who can trade GIFT Nifty? It is built for NRIs and foreign investors. Resident Indians generally cannot trade it, because money sent abroad under LRS cannot be used for derivatives or margin trading. Residents trade Nifty futures on NSE instead.

Illustrative comparison. Margins are editable estimates and change daily; broker fees vary. Eligibility to trade GIFT City derivatives depends on your residency and the rules of RBI, IFSCA and your broker. F&O trading carries a high risk of loss. Not investment advice.

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Same index, two markets

GIFT Nifty exposure = Nifty level × US$2 × contracts. NSE exposure = Nifty level × 65 × lots.

One GIFT Nifty contract is worth roughly 2.7 NSE lots, so a 100-point move changes profit or loss by about ₹17,600 on GIFT Nifty and ₹6,500 per NSE lot. Work out NSE margin in detail with the F&O Margin Calculator, or browse GIFT City brokers.

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