The NIFTY Next 50 is a stock market index provided and maintained by NSE Indices. It represents the next rung of liquid securities after the NIFTY 50. It consists of 50 companies representing approximately 10% of the traded value of all stocks on the National Stock Exchange of India.
The NIFTY Next 50 index consists of stocks in the top 51-100 stocks listed in Nifty. The first 50 belongs to the Nifty 50 Index.
Trading of Nifty Next 50 derivatives will start on Wed, April 24, 2024.
Here are some important details:
| Particulars | Futures | Options |
|---|---|---|
| Symbol | NIFTYNXT50 | NIFTYNXT50 |
| Instrument | FUTIDX | OPTIDX |
| Tick Size | Re 0.05 | Re 0.05 |
| Lot Size | 10 | 10 |
| Trading Cycle | 3 serial monthly contracts | 3 serial monthly contracts |
| Expiry Day | Last Friday of the month, If Friday is a holiday, then expiry will be on the previous trading day | |
| Strike Scheme | – | Strike Interval of 100 with strikes 40-1-40 and Strike Interval of 500 with strikes 20-1-20 (Including 500 strikes due to strike interval of 100 |
| Option Type | – | Call European (CE) and Put European (PE) |
| Settlement | Cash Settled | Cash Settled |
| Daily Settlement Price | The closing price of the futures contract. If illiquid, then the theoretical price will be considered | – |
| Final Settlement Price | Index closing value on the last trading day | Index closing value on the last trading day |
| Quantity Freeze | 600 | 600 (It means a trader cannot trade more than 60 lots) |
| Price Band | An operating range of 10% of the base price | – |
| Spread Contracts | M1-M2; M1-M3; M2-M3 | – |
Expiry cycle:
On April 24, 2024, the following expiry cycle will be available:
| Expiry Cycle | Expiry Day |
|---|---|
| May-2024 | May 31, 2024 |
| June-2024 | June 28, 2024 |
| July-2024 | July 26, 2024 |
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