National Stock Exchange of India (NSE), akta leading derivatives exchange globally, geare up hoi asa to introduce derivatives on Nifty Next 50 index (NIFTYNXT50) start hoisa April 24, 2024 pora. Aitu move follow asa approval from Securities and Exchange Board of India (SEBI), mark kora akta significant expansion in NSE laga derivatives offerings ta.
Derivatives on NIFTYNXT50 ta include koribo three serial monthly index futures aru index options contract cycles, all cash-settled, with expiry on last Friday of expiry month. Nifty Next 50 Index represents kora 50 companies from Nifty 100, excluding Nifty 50 constituents. As of March 2024, index significant boasts korisa sector representation from financial services, capital goods, aru consumer services. Introduced hoisela January 1, 1997 ta, index methodology evolved hoisa over the years ta, with revisions to computation methodologies aru weight capping. Index constituents currently hold kora akta market capitalization of Rs 70 trillion, represent kora about 18% of total market capitalization of stocks listed asa on NSE ta as of March 29, 2024.
Mr. Sriram Krishnan, Chief Business Development Officer of NSE, emphasized korisa strategic importance of introducing derivatives on NIFTYNXT50 ta, state korisa that aitu complement koribo existing index derivatives product k suite effectively. Nifty Next 50 index aim asa to bridge gap between Nifty 50 index aru Nifty Midcap Select index. Recent years ta, NSE expand korisa aitu laga derivatives offerings, including derivatives on Nifty Midcap Select Index (MIDCPNIFTY) aru Nifty Financial Services index (FINNIFTY), witness korisa substantial trading activity. Aitu latest addition underscores kora NSE laga commitment to provide diverse aru robust investment opportunities to market participants k.
