The financial services space assumes significance, as the sector accounts for 33.5 per cent of the Nifty 500 Index.
At 13.35 pm on Monday, as many as 5,464 contracts got traded in futures and 81,772 contracts were traded in options. The index witnessed a turnover of over Rs 378 crore, according to the exchange.
Currently, the exchange offers index derivatives on only two equity indices -- Nifty 50 Index and Nifty Bank Index.
According to recent investment data of foreign portfolio investors (FPIs), 48 per cent of new investment flows were channelised into the financial services sector, which accounted for 35 per cent of the assets under the custody of FPIs, the exchange noted.
Further, many of the asset management companies have mutual fund schemes on the financial sector theme.
Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.
As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.
Support quality journalism and subscribe to Business Standard.