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NSE launches weekly options on NIFTY IT index

Press Trust of India  |  Mumbai 

The National Stock Exchange (NSE) Monday launched weekly options on the IT Index.

The IT index options are already available for three monthly expiration cycle.

"Addition of weekly options expiration contract will add flexibility and access to support a variety of trading strategies.

"Participants will be able to hedge more efficiently against market movements resulting from economic data releases, corporate announcements particularly the financial results announcements or market events taking place in specific time frames," the exchange said in a release.

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

First Published: Mon, March 11 2019. 21:00 IST