InvestorQ : Why is the NSE introducing F&O on its Financial services index now?
Ayushi Kampani made post
F&O

Why is the NSE introducing F&O on its Financial services index now?

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Manish Mehta answered.
4 months ago
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NSE emerged as the largest derivatives exchange in the world in 2019 by several contracts traded, surpassing the CME Group, according to Futures Industry Association (FIA), a derivatives trade body. NSE is also ranked third in the world in the cash equities segment by several trades as per the statistics published by the World Federation of Exchanges (WFE). Its cash segment recorded the highest turnover of over ͅ 1.47 lakh crore on November 27, 2020.

This move from the exchange is significant as the sector accounts for 33.5% of the Nifty 500 Index. According to recent investment data of foreign portfolio investors (FPIs), 48% of new investment flows were channeled into the financial services sector. The sector accounted for 35% of the assets under the custody of FPIs, the exchange noted.

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