NSE drops 3 Nifty weekly options following new Sebi guidelines, retains Nifty

The NSE will retain the Nifty weekly options contract while discontinuing Nifty Bank, Nifty Midcap Select, and Nifty Financial Services options due to new Sebi guidelines. Similarly, the BSE will stop weekly contracts for Sensex 50 and Bankex, retaining only the Sensex as a weekly derivative contract.