New Delhi, July 16 -- The National Stock Exchange (NSE) has received approval from the Securities and Exchange Board of India (SEBI) to launch futures and options (F&O) contracts on the Nifty India FPI 150 Index from August 12. The approval comes as the country's largest stock exchange prepares for its long-awaited initial public offering (IPO).

The new contracts will be introduced in the equity derivatives segment as part of NSE's efforts to broaden its suite of index derivative products. According to the exchange, the Nifty India FPI 150 Index is designed with a focus on liquidity and investability, offering investors an additional instrument for hedging and portfolio diversification.

Commenting on the launch, Sriram Krishnan, Chief B...