NSE gets Sebi nod to launch weekly options on Nifty 50 index
The National Stock Exchange (NSE) said it is currently evaluating readiness of market participants for the product launch and will announce a launch date shortly. Separately, another leading bourse BSE said weekly futures and options contracts on Sensex will be available for trading with effect from December 21.
The Nifty 50 weekly options will have seven consecutive weekly expiry contracts (excluding the week where monthly contracts expire). Image source: Reuters