INDIA: NSE to Launch Derivatives on Mid-Capitalized Stocks Index

Tuesday January 11 2022

On 10^th January 2022, National Stock Exchange of India (NSE) received approval from the market regulator Securities Exchange board of India (SEBI) to launch derivatives on the Nifty Midcap Select Index.

The Exchange will launch the index derivatives from January 24^th, 2022. Nifty Midcap Select index aims to track the performance of focused portfolio of 25 stocks within the Nifty Midcap 150 index. All the index constituent stocks are individually available in derivatives. The weight of the stocks is based on free-float market capitalization methodology.

The exchange will offer futures and options with trading cycle of 7 weekly expiration contracts (excluding the monthly expiration contract) and 3 serial monthly expiration contracts. Index options will be European style with strike interval of 50 and strike scheme of 30-1-30 (OTM-ATM-ITM).

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