NSE Gets SEBI NOC for Corporate Bond Index Futures Launch

National Stock Exchange of India Ltd (NSE) has received a No Objection Certificate (NOC) from the Securities and Exchange Board of India (SEBI) to introduce futures contracts on a Corporate Bond Index. This new product aims to provide market participants with an exchange-traded instrument for managing corporate bond market risk and foster the development of the corporate bond derivatives ecosystem in India. The initiative is expected to complement the growing corporate bond market by offering an additional avenue for risk management, portfolio hedging, and price discovery. The introduction is subject to approval from the Reserve Bank of India (RBI). NSE views this as a step towards deepening India's fixed income markets and expanding its risk-management product offerings.