The National Stock Exchange of India (NSE) is set to launch derivatives contracts for its widely followed Nifty Next 50 index from Wednesday, April 24.
The introduction of derivatives by the NSE comes following approval from the Securities and Exchange Board of India (SEBI).
These derivatives will include three serial monthly index futures and index options contracts, all settled in cash, with expiry on the last Friday of each expiry month.
The addition of derivatives linked to the Nifty Next 50 index will complement the existing suite of index derivatives. This index bridges the gap between the Nifty 50 index, which includes top large and…
