NSE to offer derivatives on Financial Services Index 11 January 2021
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 R