NSE has introduced F&O contracts including weekly options on Nifty Financial Services index that covers the top banking, insurance, housing finance, NBFC and other financial services companies. Trading in these contracts will start from Monday 11th, 2021. In order to promote the contract, NSE has also declared that exchange transaction charge will not be charged for FINNIFTY for the first six months. If you have any questions about the index, post them here on TradingQ&A.
For all of us trading Banknifty F&O, this index offers an exciting mix extending to the whole BFSI sector and not just banks.
To know morer about the Nfty Financial Service, you can visit: https://zerodha.com/marketintel/bulletin/280628/280628
Source & Courtesy: Zerodha