NSE sues SGX on its Nifty-Based India Futures, Options

NSE-SGX Arbitration Order Unlikely This Year

Gold Silver Reports (GSR) – NSE sues SGX on its Nifty-Based India Futures, Options — Indian exchanges had on 9 February decided to bar overseas exchanges from trading in Nifty derivatives, including futures and options, in an attempt to check migration of trades away from Indian exchanges. Two months later, on 11 April, SGX announced a new product which works just like the Nifty index, bypassing the Indian exchanges.        

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Nifty Bank 26400 Call Most Active On NSE

Gold Silver Reports (GSR) – Nifty Bank 26,400 Call Most Active On NSE – Nifty Bank’s 26,400 strike price call was most active on the NSE ahead of its weekly expiry. Premium on the contract slumped 86 percent to Rs 3. Over 18 lakh shares were added to the open interest which stood at 24.48 lakh shares.           

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Nifty 50 index gained 0.18 percent or 19 points to 10,762

Gold Silver Reports (GSR) – The S&P BSE Sensex rose 0.1 percent or 36 points to 35,428 and the NSE Nifty 50 index gained 0.18 percent or 19 points to 10,762. Indian equity benchmarks edged higher led by Infosys, TCS and ITC. However, the gains were capped as HDFC, Reliance Industries and Yes Bank came under selling pressure.                       

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