Nifty Financial Services Index

NSE Introduced Nifty Financial Services Index-FINNIFTY

National Stock Exchange (NSE) very pleasing informed its stakeholders (after prior approval of SEBI) that they would commence the trading in the Futures & Options (F&O) including weekly options of the Nifty Financial Services Index from today, i.e. 11.01.2021. It will track the performance of NBFC, public/private Banks, insurance companies, financial institutions, housing finance and other financial institutions.


Nifty Financial Services Index Derivatives shall be “FINNIFTY”. (It was originally communicated to be “FINANCIALS”).

Mock Trading

For the convenience of its members it had also conducted a mock trading session on 09.01.2021.


As a financial incentive, it was declared by NSE that NO TRANSACTION CHARGES will be levied on the trades executed in its F & O Contacts from 11.01.2021 to 30.06.2021.


Company NameIndustryWeight (%)
Axis BankBank-Private6.46
Bajaj Finance LtdNBFC5.64
Bajaj Finserv LtdFinance - Investment2.29
Bajaj Holdings and Investment Ltd Finance - NBFC0.66
CholamandalamFinance Term Lending0.66
HDFCFinance - Housing17.51
HDFC AMCFinance - Investment0.59
HDFC BankBank - Private27.13
HDFC LifeLife & Health Insurance2.21
ICICI Bank LtdBank - Private14.14
ICICI LombardMultiline Insurance & Brokers1.37
ICICI Prudential Life InsuranceLife & Health Insurance0.74
Kotak Mahindra BankBank - Private12.1
Mahindra and Mahindra Financial ServiceNBFC0.44
PiramalOther Financial Services0.68
Power FinanceFinance Term Lending0.54
REC LtdFinance Term Lending0.49
SBIBank - Public4.06
SBI Life InsuranceLife & Health Insurance1.43
Shriram TransFinance - NBFC0.86

Happy Trading!

NOTE- All information above is has been compiled with publically available documents, please exercise due diligence before investing

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