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NSE to Discontinue Weekly Contracts on Bank Nifty, Nifty Midcap Select, and Nifty Financial Services

Published on October 11, 2024
Current Context: The National Stock Exchange (NSE) has announced it will discontinue weekly index derivatives contracts on Bank Nifty, Nifty Midcap Select, and Nifty Financial Services.
NSE to Discontinue Weekly Contracts on Bank Nifty, Nifty Midcap Select, and Nifty Financial Services
  • This change, effective from November 13, 18, and 19, 2024, respectively, follows the new rules set by the Securities and Exchange Board of India (SEBI).
  • SEBI's regulation limits exchanges to offering only one weekly index derivatives contract to simplify the market and enhance investor protection.
  • Weekly derivative contracts for Nifty 50 will continue as per the new guidelines.

Question:

1 Which of the following indices will NSE discontinue weekly index derivatives contracts for as per the new SEBI guidelines?

  • A) Nifty 50
  • B) Bank Nifty, Nifty Midcap Select, and Nifty Financial Services
  • C) Nifty 50, Bank Nifty, and Nifty Financial Services
  • D) Nifty Midcap Select and Nifty 50
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