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NSE launches trading in weekly options on Nifty 50 Index

Press Trust of India  |  New Delhi 

Leading stock exchange NSE Monday launched weekly options on the 50 Index, which will provide market participants an additional hedging tool to manage portfolio risk more effectively.

The 50 Index options are already available for three monthly contracts, three quarterly and eight semi-annual contracts, National Stock Exchange (NSE) said in a release.

"50 Index options are based on our flagship index the Nifty 50 and is one of our key products. The derivatives are traded by domestic as well as international participants," NSE MD and said.

NSE has also received permission from (Sebi) to launch weekly options on Nifty IT Index, the exchange said. The contract details and launch date will be announced shortly.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Mon, February 11 2019. 19:50 IST