Markets

Nifty 50 weekly options launched

Our Bureau Chennai | Updated on February 11, 2019

File Photo   -  Bloomberg

The NSE on Monday launched weekly options on the Nifty 50 Index. The index options are already available for three monthly option contracts, three quarterly and eight semi-annual option contracts. According to an NSE statement, weekly options contracts on Nifty 50 index recorded a turnover of 10.62 lakh contracts and saw an open interest of 0.95 lakh contracts. Vikram Limaye, MD & CEO, NSE, said with the launch of weekly options, the market participants will now have an additional hedging tool to manage portfolio risk more effectively.

Published on February 11, 2019

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