And another doubt…in the FAQ of NSE on the price band… It’s said that the flexing or relaxation of operating price range is done only for options contacts in f&o segment not for futures contacts…
Why sir futures and options both are derivatives and their price is defined by the underlying… So if the flexing is done for the options of the underlying then future is automatically relaxed…?? Right sir…
Please sir clarify this… @ShubhS9
I always appreciate your replies
If either nifty or sensex ; breach the 20% ; the market will remain closed for the entire rest of the day !
The queries are :
(1) is it either nifty or sensex ; any one of the two or the rule applies only if both of them breach the 20% mark ?
(2) is it for spot or future ?
(3) what if sensex or nifty don’t breach 20% ; but ; BANKNIFTY breaches 20% ? Will the market close or keep on ?
What if, on an expiry day, anytime after 2:00 PM, Nifty/Sensex falls/rises 15% and the market gets halted for the day. How will future/option settlement happen? Will the VWAP of the trades in the last 30 minutes of trading before the market halt be taken into account for finding the Settlement Price or will some other method be used? Also, has something like this happened before?