A 5 January notification by the Reserve Bank of India on hedging of foreign currency risk caused a stir among stock market brokers as it restricted the use of exchange-traded currency derivatives offered by bourses such as NSE and BSE for hedging with effect from 5 April. Until recently, users having positions up to $100 million each in any exchange-traded …
Mumbai: Facing steadily creeping competition from rival BSE, the National Stock Exchange, India’s market-leading stock exchange, has halved the lot size of its Nifty futures and options contracts to 25 shares with effect from 26 April across weekly, monthly, quarterly and half-yearly expiries. “The decreased lot size of Nifty could attract more retail participation.” To be sure, NSE is way …
Mumbai: At India’s largest stock exchange NSE, premium turnover in index options grew at the slowest pace in six years in FY24, even as notional turnover doubled. While notional turnover in index options more than doubled in FY24 to ₹75,667 trillion from ₹37,345 trillion in FY23, premium turnover grew at a more sedate 22% to ₹134 trillion, data from NSE …
