You are here: Home » News-CM » Equities » Market Beat
Business Standard

NSE to launch futures contracts on India VIX

Capital Market 

Minimum contract value fixed at Rs 10 lakh at the time of introduction

The National Stock Exchange (NSE) has decided to launch futures contracts on India VIX -- a volatility index based on the index options prices of CNX Nifty. Trading in India VIX futures will begin from 26 February 2014, NSE said in a circular issued on Friday, 7 February 2014. The expiry of futures contracts on India VIX will take place every Tuesday. In case the Tuesday is a trading holiday, the previous trading day shall be the expiry/last trading day, the NSE circular said. All contracts shall expire at the normal market closing time on the expiry day or such other time as decided by exchange, NSE said. New futures contracts on India VIX shall be introduced for every week, after the expiry of the relevant previous week's contracts, NSE said.

The contract value of India VIX futures will be minimum Rs 10 lakh at the time of introduction of futures trading in India VIX, NSE said.

Powered by Capital Market - Live News

Dear Reader,


Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor

First Published: Sat, February 08 2014. 12:51 IST
RECOMMENDED FOR YOU
RECOMMENDED FOR YOU