F&O CHEER! NO CHARGES - NSE'S BIG RELAXATION TO FUTURES AND OPTIONS TRADES ON NIFTY NEXT 50 INDEX - DETAILS

National Stock Exchange (NSE) has announced that no charges will be levied on the trades done in Futures and Options contracts on Nifty Next 50 Index (NIFTYNXT50) in Future & Options segment from April 24, 2024 till October 31, 2024. In its circular dated April 23, 2024, NSE said that the move aims at encouraging active participants in Futures and Contracts on Nifty Next 50 Index.

Nifty had announced the introduction Futures and Options contracts on Nifty 50 Index (NIFTYNXT50) in Futures & Options segment starting from April 24, 2024.

NSE in the circular dated April 18 informed about the F&O of Nifty Next 50 regarding tick size of Rs 0.05, contract size (lot size) of 10, trading cycle of 3 serial monthly contracts, and settlement in cash.

On April 24, 2024, the following expiry cycle will be available:

Expiry Cycle	Expiry Day
May-2024	May 31, 2024
June-2024	June 28, 2024
July-2024	July 26, 2024

Nifty Next 50 Index closed at 67,798.55 points with gain of 0.18 per cent on April 23, 2024, against the previous day close at 62,683 points. It opened at 63,068 points, reaching a high of 63,068.90 and a low of 62,703. The index has gained around 9,388 points (17.58 per cent) this year YTD. It represents the next rung of companies after Nifty 50, representing approximately 10% of the traded value of all stocks on the NSE of India.

BSE Sensex witnessed a jump of 89.33 points (0.12 per cent) to close at 73,738 points today, April 23, against the previous day close at 73,648 points. During the session, the index touched a high of 74,048 points and a low of 73,688 points. Bharti Airtel, Maruti, Neslte India, Tata Motors, Asian Paints, NTPC remained the top gainers. In the category of top losers, Sun Pharma, Reliance, Bajaj Finserv, Tata Steel secured the spot.

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2024-04-23T12:20:26Z dg43tfdfdgfd