Rajandran R Founder of Marketcalls and Co-Founder Algomojo. Full-Time Derivative Trader. Expert in Designing Trading Systems (Amibroker, Ninjatrader, Metatrader, Python, Pinescript). Trading the markets since 2006. Mentoring Traders on Trading System Designing, Market Profile, Orderflow and Trade Automation.

MCX-SX to launch FNO Trading in SX-40

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MCX Stock Exchange (MCX-SX) today said it will introduce trading in derivative contracts on its flagship index strong>SX40.SX40 is a free float based index of 40 large cap – liquid stocks representing diversified sectors of the economy.SX40, launched in February 2013.

Index Futures and Options on SX40 will be available for trading from 9:15 am to 3:30 pm from Monday to Friday. Index Futures on SX40 will have a tick size of Rs 0.05 and will be offered in a contract trading cycle of minimum of three contracts of maturity of one-month, two-month and three-month, which would be introduced simultaneously.

 
Index Options on SX40 will also have a tick size of Rs 0.05 and a monthly trading cycle of 3 serial monthly expiry contracts.

SX40 uses a capping methodology, which is used for capping exposure of a specific sector and industry classification of scrips included in the index. This cap is set at 20%, reduces the industry bias and ensures better industry representation of the underlying market.

Constituents of SX-40

ACC Ltd.
Ambuja Cements Ltd.
Asian Paints Ltd.
Bajaj Auto Ltd.
Bharat Petroleum Corp Ltd.
Bharti Airtel Ltd.
BHEL
Cairn India Ltd.
Cipla Ltd.
Coal India Ltd.
Dr. Reddy’s Laboratories
Gail (India) Ltd.
Grasim Industries Ltd.
HCL Technologies Ltd.
HDFC Bank Ltd.
HDFC Ltd.
Hero Motocorp Ltd.
Hindalco Industries Ltd.
Hindustan Unilever Ltd.
ICICI Bank Ltd.
Infosys Ltd.
ITC Ltd.
Jindal Steel & Power Ltd.
Larsen & Toubro Ltd.
Lupin Ltd.
Mahindra & Mahindra Ltd.
Maruti Suzuki India Ltd.
Ntpc Ltd.
Oil and Natural Gas Corp.
Power Grid Corp. Ltd.
Reliance Industries Ltd.
Sun Pharmaceuticals Ind.
Tata Consultancy Serv Ltd.
Tata Motors Ltd.
Tata Power Co Ltd.
Tata Steel Ltd.
Titan Industries Ltd.
Ultratech Cement Ltd.
United Spirits Ltd.
Zee Entertainment Ltd.

SX40 Index Weight Comparision with NSE and BSE
SX40 Index Weight Comparision with NSE and BSE

Rajandran R Founder of Marketcalls and Co-Founder Algomojo. Full-Time Derivative Trader. Expert in Designing Trading Systems (Amibroker, Ninjatrader, Metatrader, Python, Pinescript). Trading the markets since 2006. Mentoring Traders on Trading System Designing, Market Profile, Orderflow and Trade Automation.

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