Mini Sensex : Mini Sensex Derivatives contract launched

Mini Sensex has been launched by the BSE. The symbol for Mini Sensex will be MSX. Delivery of Mini Sensex will be done through cash settlement. Just like the other derivative contracts there will be 1, 2 and 3 month contracts available. Mini Sensex will also have weekly contracts. NSE is also likely to reduce the contract size of NIFTY in a bid to encourage retail participation in the derivatives segment.