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Introduction of long term option contracts on S&P CNX Nifty Index

March 3rd, 2008

Trading in long term options on S&P CNX Nifty index commenced today. The S&P CNX Nifty Index is the most actively traded index based derivative product in India with more than Rs.15000 Crs daily average turnover and lakhs of investors participating in this segment.  The long term options contract is now expected to deepen this market further.

Active trading was observed in the three quarterly expiries i.e June/Sept/Dec 2008.  The total traded turnover for the day in long term options contracts was Rs 150.16 crores at 5223 contracts. The open interest stood at 4184 contracts. Active contracts had strike prices between 4800 & 5550. The Nifty December 2008 call for 5000 strike was the most actively traded contract recording a turnover of Rs 43.57 crores.

Entry Filed under: Equity Markets, NSE