18 Apr 2024, 05:15 PM

NSE introduces F&O contracts on Nifty Next 50 Index

NSE will be introducing Futures and Options contracts on Nifty Next 50 Index w.e.f April 24, 2024. The Nifty Next 50 Index represents 50 companies from Nifty 100 after excluding the Nifty 50 companies.

If you have any questions about the index, post them here on TradingQ&A.

Top constituents in the index

Company’s Name Weight(%)
Trent Ltd. 4.8
Bharat Electronics Ltd. 3.98
Tata Power Co. Ltd. 3.68
Hindustan Aeronautics Ltd. 3.43
Indian Oil Corporation Ltd. 3.39
DLF Ltd. 3.18
Power Finance Corporation Ltd. 3.12
REC Ltd. 3.08
InterGlobe Aviation Ltd. 2.79
TVS Motor Company Ltd. 2.76

Sector Representation

Sector Weight(%)
Financial Services 23.76
Capital Goods 11.91
Consumer Services 11.57
Fast Moving Consumer Goods 10.62
Oil, Gas & Consumable Fuels 6.5
Power 6.07
Automobile and Auto Components 5.71
Chemicals 4.59
Construction Materials 3.9
Metals & Mining 3.72
Realty 3.18
Consumer Durables 2.98
Services 2.79
Healthcare 2.71

Contract specifications of the Nifty Next 50 Index

Particulars Futures Options
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 holiday, then expiry will be on 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 Closing price of the futures contract. If illiquid, then 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
Price Band Operating range of 10% of the base price
Spread Contracts M1-M2; M1-M3; M2-M3


For more details, you can check the circular here and the factsheet here.