Nifty futures turns 15; 1.4 bn contracts traded till date

Nifty futures, a key index tracked by the market, will be completing 15 years on Thursday, the National Stock Exchange said.

The index, launched on June 12, 2000 has seen 1.4 billion contracts worth Rs 35,000,000 crore (Rs 350 trillion) being traded since then.

Nifty futures, which opened at 1461 in June 2000, has risen 5.5 times in the last 15 years, compounding at an annual rate of 12 percent.

Chitra Ramkrishna, MD & CEO, NSE, said: "It has been a remarkable journey. As a pulse of the nation, NIFTY index-based products are now travelling to other global destinations. I am sure that Nifty will grow manifolds with the growth of the Indian economy."

The index, representing 12 key sectors of the Indian economy, has become popular worldwide and is traded on Singapore Stock Exchange, Osaka Exchange and Chicago Mercantile Exchange platforms.