 "NSE, national stock exchange, nifty50")
The National Stock Exchange (NSE) on Thursday said it will launch derivatives contracts on the Nifty Financial Services index. This will be only the third equity index to have futures and options (F&O) contracts.
At present, NSE offers derivatives contracts for the benchmark Nifty50 and the Bank Nifty index. The Nifty Financial Services comprises 20 stocks, mainly banks, non-banking financial companies (NBFCs) and insurance stocks — including HDFC Bank, HDFC, ICICI Bank, and Kotak Mahindra Bank.
Given the high weighting of banking stocks,
