NSE receives approval to launch derivatives on the Nifty India FPI 150 Index

NSE has received approval to launch derivatives on the Nifty India FPI 150 Index, introducing cash-settled index futures and options in three serial monthly contract cycles expiring on the last Tuesday of each month. The index tracks the top 150 stocks from Nifty 500 based on foreign investible free-float market capitalisation, with financial services holding the highest sector weight at 26.15 percent as of June 2026. The new product is aimed at improving hedging and portfolio diversification options for foreign and domestic investors.