NSE to offer derivatives on Financial Services Index 11 January 2021

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NSE to offer derivatives on Financial Services Index

From January 11, the National Stock Exchange of India (NSE) will launch seven serial weekly futures and options contracts, in addition to monthly derivatives contracts, on the NSE Financial Services Index.


Currently, on the index front, participants can trade only on Bank Nifty and Nifty monthly index futures and options, apart from weekly options on the two indices. They will now have the same option with

 

NSE Financial Services Index, with an added option of seven weekly index futures

 

 

As opposed to the Bank Nifty, which comprises 12 banking stocks

 

The financial services index comprises

 

20 stocks from the banking

 

NBFC

HFC

INSURENCE                                                         

ASSET MANAGEMENT

HOLDING COMPANY

FINANCIAL SERVICES

 

 Index constituents include 

 

 HDFC Bank

 SBI

ICICI Bank

Axis Bank

Kotak Bank

Bajaj Finserv

M&M Financial Services

REC

PFC

ICICI Prudential Life Insurance Company, etc.


Note


“The new index contracts will be more diverse then the Bank Nifty, having a larger number

 TOP NBFC & HFC 








































BANK  NIFTY 




















One-pager note from NSE 








































wiseinvesting
Hemant pagi
9898559842





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