Leading stock exchange NSE Monday launched weekly options on the Nifty 50 Index, which will provide market participants an additional hedging tool to manage portfolio risk more effectively.
"Nifty 50 Index options are based on our flagship index the Nifty 50 and is one of our key products. The Nifty 50 Index derivatives are traded by domestic as well as international participants," NSE MD and CEO Vikram Limaye said.
NSE has also received permission from Securities and Exchange Board of India (Sebi) to launch weekly options on Nifty IT Index, the exchange said. The contract details and launch date will be announced shortly.
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