|Chennai||Rs. 25020.00 (0.81%)|
|Mumbai||Rs. 25890.00 (0.98%)|
|Delhi||Rs. 25200.00 (-0.2%)|
|Kolkata||Rs. 25480.00 (1.03%)|
|Kerala||Rs. 24800.00 (0.61%)|
|Bangalore||Rs. 25000.00 (0.81%)|
|Hyderabad||Rs. 25080.00 (1.09%)|
The National Stock Exchange ( Nifty ) today said it would introduce new strikes on an intra-day basis, according to a new scheme it plans to introduce for stock option contracts.
The exchange has also decided to determine the step value — the difference between two strikes — based on the volatility in the underlying stock. At present, the step value is determined on a daily basis based on the underlying price of the stock. “The step value shall be reviewed and, if necessary, revised on a quarterly basis,” NSE said in a circular.