Notice Board

NSE launches derivatives on the Nifty Financial Services Index (FINNIFTY) from January 11, 2021

By 11/01/2021 No Comments

On December 10, 2020, The National Stock Exchange had announced the launch of the derivatives contracts on the Nifty Financial Services Index (FINNIFTY) in the futures & options segment of the exchange and will be available for trading w.e.f. 11th January 2021.

The Nifty Financial Services Index comprises of 20 stocks which includes banks, financial institutions, housing finance, insurance companies, and other financial services companies.

The Contract Specifications of Nifty Financial Services Index is as below:

Parameter Specification
Symbol FINNIFTY
Lot Size 40 Qty
Index Price 15000
Contract Value ₹6,00,000

As per the NSE circular dated 30th December 2020, it has been decided that no transaction charges will be levied on the trades done in Futures and Options contracts on Nifty Financial Services Index in Future & Options segment of the Exchange from January 11, 2021 till June 30, 2021 in order to encourage active participation in Futures and Options contracts on Nifty Financial Services Index.

At FYERS, The brokerage for FINNIFTY F&O contracts will be waived off for the next 2 months (Until Feb End).

 

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