National Stock Exchange of India (NSE) on December 10 said it had received SEBI's approval to launch derivatives on the Nifty Financial Services Index. NSE will launch the index derivatives on the Nifty Financial Services Index from January 11, 2021. "NSE has received approval from SEBI to launch derivatives on the Nifty Financial Services Index in the futures & options segment of the Exchange. Currently, NSE offers index derivatives on only two equity indices – The Nifty50 index and the Nifty Bank index," the exchange said in a statement. The exchange will offer futures and options in 7 serial weekly, excluding the monthly expiry and 3 serial monthly contracts, NSE said. "This is the first time that the Exchange will make available weekly futures for the stock index derivatives. The derivatives are cash-settled with expiry day being the last Thursday of the expiry month for the monthly contracts and Thursday of the expiring week for weekly expiry contracts,...
Pre IPO | Private Equity | Unlisted Shares