Business Standard

SGX to launch Nifty options next week

Related News

The options contract of the most widely traded Indian index, the S&P CNX Nifty, will make its debut on the Singapore Stock Exchange (SGX) next week. While futures contracts of the Nifty index are traded on SGX and the Chicago Mercantile Exchange, Nifty options will be traded for the first time outside India from Monday.

On the National Stock Exchange, the derivative leader where the Nifty index is listed, its options generate an average daily volumes of 60,000 contracts with an open interest of Rs 1,25,000 crore. The share of stock and index options trading has witnessed a steady rise in the past couple of years and currently form 70 per cent of the total equity derivatives trading volumes in the country.

“The Nifty options add to SGX’s suite of Asian equity derivatives, which include SGX S&P CNX Nifty futures, the dominant Indian product for international participants,” said SGX in a release.

Read more on:   
|
|

Read More

Icra places 14 auto component makers under watch

Rating agency Icra today placed 14 auto component manufacturers on "rating watch with developing implications", following lockout at Maruti Suzuki's ...

Advertisements

Quick Links

 

Market News

Maruti Suzuki India, Axis Bank joins Rs 1-lakh-cr market-cap club

Axis Bank hits a record high of Rs 440, while Maruti Suzuki touched a new high of Rs 3,349 in intra-day deals on BSE.

Marksans Pharma surges on strong Q2 results

The stock rallied 6% to Rs 64 on NSE after reporting 56% yoy growth in net profit at Rs 31 crore in September quarter.

Markets continue winning streak; Sensex up 400 points

The 30-share Sensex is up 412 points at 27,758 and the 50-share Nifty has gained 119 points to trade at 8,288.

Copper down 0.2% on weak global cues

Metal for delivery in November shed 0.14%

Silver down 0.6% on weak global trend

Weak trend trend overseas, eroding demand for the precious metals, pulled down silver prices

Back to Top