New Delhi, July 16 -- The National Stock Exchange of India (NSE) has received SEBI's approval to launch derivatives on the Nifty India FPI 150 Index (NIFTYFPI) from August 12, as per a statement by the stock exchange.

According to the release, NSE will offer three serial monthly futures and options contracts on the index. The cash-settled contracts will expire on the last Tuesday of each expiry month.

"The National Stock Exchange of India (NSE) has received approval from the Securities and Exchange Board of India (SEBI) to launch Derivatives on the Nifty India FPI 150 Index (NIFTYFPI) aims to introduce these contracts in the Equity Derivatives segment from August 12, 2026," the release said.

The Nifty India FPI 150 Index tracks the per...