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The National Stock Exchange (NSE) today said any transaction charges traded under F&O contracts in the Nifty Next 50 index will be waived for the next six months. No, this rule will be applicable from 24th April 2024 and will remain in force till 31st October 2024.
NSE has recently announced the commencement of trading in Nifty Next 50 index under futures and options contracts from April 24. In a circular issued today, NSE said that with a view to increase trading volume in the F&O segment in the Nifty Next 50 index, it has been decided not to levy any transaction charges on such trades from April 24 to October 31.
NSE Chief Business Development Officer Sriram Krishnan had said earlier this month that the introduction of trading under the F&O segment in the Nifty Next 50 index will strengthen the basket of indices currently traded in the derivatives segment. Nifty Next 50 Index consists of stocks selected from the space between Nifty 50 Index and Nifty Mid Cap Select Index. These include the top largecap and most liquid and top liquid midcap stocks.