IISL launches 'Nifty 50 Futures Index'

Index expected to provide the market participants an additional vehicle to participate in India growth story

NSE group company IISL has launched Nifty 50 Futures Index, to reflect futures price movements in India's benchmark index Nifty 50. The index is constructed using the near month Nifty 50 futures contracts traded on NSE.

Nifty 50 is the most actively traded index on F&O segment of NSE. The index will gradually roll over to the next available contract, three days prior to expiry day. The index is expected to provide the market participants an additional vehicle to participate in India growth story.

The base date of the index is April 01, 2005 and base value is 1000. The index shall have two versions Price Return and Total Return.

The former will measure the price returns of Nifty 50 futures traded at NSE, while the latter will measure the price returns from Nifty 50 futures and investment returns based on 30 day MIBOR (Mumbai inter-bank offer rate). The index will be maintained by IISL and calculated on an end-of-day basis.