New kid in D-town: Nifty Financial Services sees steady growth, shows data

The Nifty Financial Services index (Fin Nifty) is slowly gaining traction among derivatives traders. 

Since its launch in January this year, the average daily turnover (ADTV) for Fin Nifty contracts have grown each month.

ADTV has crossed Rs 100 crore on more than one occasion. It has recorded the highest-ever daily turnover of more than Rs 200 crore. 

Fin Nifty ADTV is still a fraction of the flagship Nifty and Bank Nifty indices, which have clocked an ADTV of Rs 40,000 crore this year. 

However, derivatives players see potential in the newly-introduced index on financial stocks, which account for a