The National Stock Exchange is going live with rupee-denominated derivative contracts on the S&P500 and the Dow Jones Industrial Average (DJIA) indices. The new contracts will consist of futures on both the DJIA and the S&P 500 as well as options on the S&P 500.
The rupee-denominated derivative contracts on S&P and the DJIA will allow Indian investors to easily gain exposure to the U.S. equity market. The move follows the Securities and Exchange Board of India’s release of the regulatory framework for the launch of derivative contracts based on overseas indices, adds Business Standard.
Click here for the release from the National Stock Exchange of India.
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