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NIFTY 50 23,750.20 up stock 22.55 (0.10%)
NIFTY 100 24,611.35 up stock 38.85 (0.16%)
NIFTY 500 22,430.35 up stock 27.65 (0.12%)
NIFTY MIDCAP 50 15,962.95 up stock 36.15 (0.23%)
INDIA VIX 14.04 up stock 0.86 (6.50%)
NIFTY MIDCAP 150 21,096.85 up stock 16.15 (0.08%)
NIFTY SMALLCAP 50 8,929.15 Down stock -4.95 (-0.06%)
NIFTY BANK 51,170.70 Down stock -62.30 (-0.12%)
NIFTY AUTO 22,876.10 up stock 190.55 (0.84%)
NIFTY FMCG 56,258.00 Down stock -181.30 (-0.32%)
NIFTY IT 43,664.25 Down stock -4.65 (-0.01%)
NIFTY MEDIA 1,846.75 Down stock -27.40 (-1.46%)
NIFTY METAL 8,805.25 Down stock -12.35 (-0.14%)
NIFTY PHARMA 22,712.55 up stock 153.65 (0.68%)
NIFTY PRIVATE BANK 24,798.40 Down stock -40.45 (-0.16%)
NIFTY REALTY 1,077.25 up stock 2.50 (0.23%)
NIFTY OIL & GAS 10,756.45 up stock 8.90 (0.08%)
NIFTY COMMODITIES 8,212.90 up stock 6.65 (0.08%)
NIFTY ENERGY 35,159.55 up stock 74.60 (0.21%)
LEADMINI 188 up stock 0.20 (0.11%)
ZINCMINI 261.25 up stock 0.25 (0.1%)
SILVERMIC 89730 up stock 72.00 (0.08%)
GOLDGUINEA 59188 up stock 50.00 (0.08%)
GOLDM 72900 up stock 28.00 (0.04%)
COTTONCNDY 56540 up stock 20.00 (0.04%)
SILVER 89675 up stock 29.00 (0.03%)
CRUDEOIL 6609 Down stock -237.00 (-3.46%)
NATURALGAS 177.5 Down stock -0.30 (-0.17%)
NATGASMINI 177.5 Down stock -0.30 (-0.17%)
MENTHAOIL 942.2 Down stock -1.20 (-0.13%)
ZINC 260.7 Down stock -0.25 (-0.1%)
ALUMINIUM 220.5 Down stock -0.20 (-0.09%)
LEAD 187 Down stock -0.10 (-0.05%)

Published 09:11 IST, November 14th 2024

Bank Nifty Weekly Expiry: Zerodha's Nithin Kamath Posts 'Hilarious' Obituary

Bidding farewell to financial instruments and platforms has been customary in the trader community for close to a decade now

Reported by: Business Desk
Nithin Kamath 'getting back to normal' | Image: Instagram

Nithin Kamath took to X to share his hilarious take on the closing of Bank Nifty Weekly contracts. Kamath posted a mock 'obituary' on X and said it was shared by an 'old trader friend', in ‘loving memory of Bank Nifty Weekly’ contracts.

Bidding farewell to financial instruments and platforms has been customary in the trader community for close to a decade now.

'27.05.2016 – 13.11.2024', Kamath said, with the post saying - 'The Nifty Weekly is survived by 'her brothers, Bank Nifty Monthly and Quarterly, and her sister, the Nifty 50 weekly contract.'

'In her short life, she saw many ups and downs. She was wild and mysterious, leaving us speculating about her every move. We are forever enriched by her presence (7% of us, that is; 93% of traders make losses from F&O trading). Wednesdays will never be the same without her.' The post read further.

Bank Nifty Weekly's last functioning day was 13 November, as new SEBI regulations. NSE in October announced the discontinuation of Bank Nifty Weekly Contracts, a popular instrument among traders.

Updated 09:12 IST, November 14th 2024

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