As per the circular dated April 18, 2024, issued by the National Stock Exchange of India, Futures and Options contracts on the Nifty Next 50 Index will be available for trading starting April 24, 2024 onwards.
Below is a table summarizing the key details for the newly introduced Futures and Options contracts on the Nifty Next 50 Index at FYERS:
| Particulars | Futures | Options |
| Symbol | NIFTYNXT50 | NIFTYNXT50 |
| Instrument Type | FUTIDX | OPTIDX |
| Tick Size | ₹0.05 | ₹0.05 |
| Lot Size | 10 | 10 |
| Trading Cycle | 3 serial monthly contracts | 3 serial monthly contracts |
| Expiry Details | Last Friday of the contract month (or the previous day if Friday is a holiday) | Same as Futures |
| Strike Interval | - | Strike Interval of 100 with additional strikes at 500 intervals |
| Option Type | - | European-style Calls and Puts |
| Settlement | Cash Settled | Cash Settled |
| Quantity Freeze | 600 | 600 |
| Price Band | An operating range of 10% of the base price | Contract-specific range updated daily based on the delta value |
The Nifty Next 50 Index offers a compelling investment opportunity. It covers the next 50 companies following the Nifty 50 in terms of market capitalization, such as Trent Ltd., Bharat Electronics Ltd., Tata Power Co. Ltd., and others. For detailed weightage and sectoral allocation, check out this document.
For further information on this, kindly refer to the NSE circular.
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