A release by the NSE claimed that the new derivatives contract received a positive response from market participants with more than 375 trading members from across the country participating in the index derivatives. The trading members involved in execution of the initial trade include East India Securities Limited, and Samco Securities Limited.
NSE announced no transaction charges for 6 months in F&O contracts of Nifty Next 50 index to boost participation. Sebi approved trading starting April 24, 2024.