Introduction of futures and options contracts on BANKNIFTY

#1
Introduction of futures and options contracts on BANKNIFTY

The National Stock Exchange (NSE) is launching Bank Nifty in futures and options (F&O) segment on Monday 13th June 2005.

The Bank Nifty contracts are based on the CNX Bank index, which is a 12 stock index owned and managed by India Index Services & Products Ltd. (IISL) — a joint venture between rating agency Crisil and the NSE.

The list of 12 Stocks that make up the Bank Nifty are:

Andhra Bank Ltd
Bank of Baroda
Bank of India
Canara Bank Ltd.
Corporation Bank
HDFC Bank Ltd.
ICICI Bank Ltd.
Oriental Bank of Commerce
Punjab National Bank Ltd.
State Bank of India
Syndicate Bank Ltd.
Union Bank of India Ltd.

The Bank Nifty contracts will be cash settled, with three consecutive month contracts being available.

The contracts will expire on the last Thursday of the respective months.

The options contracts will be European style and the lot size of each Bank Nifty futures and options contract will be 100.

The NSE said that the Bank Index represents about 79 per cent of the total market capitalisation of the banking sector stocks listed on the exchange.

Moreover, all the 12 securities comprising the CNX Bank Index are available in the futures and options segment of the NSE as single stock derivatives.

The index is a market capitalisation weighted index with the base year of the index being January 1, 2000, and the base value being 1,000.
 
#2
Hello TAtrader,
Thanks for the list. Nifty Bankex options are now traded more frequently.One has
to construct a data base of past option history to apply Black Scholes formula. Luckily
these options were introduced within last two years so the look back period is quite
small. I want to start trading these and am looking for collaborators who can calcualte
implied volatility of past options. (SO that we know when the market is oversold or
overbought.

Expecting a reply
[email protected]
 
#3
Introduction of futures and options contracts on BANKNIFTY

The National Stock Exchange (NSE) is launching Bank Nifty in futures and options (F&O) segment on Monday 13th June 2005.

The Bank Nifty contracts are based on the CNX Bank index, which is a 12 stock index owned and managed by India Index Services & Products Ltd. (IISL) a joint venture between rating agency Crisil and the NSE.

The list of 12 Stocks that make up the Bank Nifty are:

Andhra Bank Ltd
Bank of Baroda
Bank of India
Canara Bank Ltd.
Corporation Bank
HDFC Bank Ltd.
ICICI Bank Ltd.
Oriental Bank of Commerce
Punjab National Bank Ltd.
State Bank of India
Syndicate Bank Ltd.
Union Bank of India Ltd.

The Bank Nifty contracts will be cash settled, with three consecutive month contracts being available.

The contracts will expire on the last Thursday of the respective months.

The options contracts will be European style and the lot size of each Bank Nifty futures and options contract will be 100.

The NSE said that the Bank Index represents about 79 per cent of the total market capitalisation of the banking sector stocks listed on the exchange.

Moreover, all the 12 securities comprising the CNX Bank Index are available in the futures and options segment of the NSE as single stock derivatives.

The index is a market capitalisation weighted index with the base year of the index being January 1, 2000, and the base value being 1,000.
Can you kindly clarify if the existing Bank Nifty has been revised as given above or is it a new index ? I had been trading in Banknifty in NSE in the last week and hence the doubt.

Thanks
 
#8
Hello, what is view on Bank Nifty for Monday 27/10/14
The view is that your membership will be deleted until Monday. Read the forum rules and you will know why. By by
 

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