Index Futures and Options in the Indian market are financial derivatives based on stock market indices like the Nifty 50 or BSE Sensex. Futures are contracts to buy/sell an index at a predetermined price on a future date, while options give the right to buy/sell an index at a set price before a specific date. They're used for speculation, hedging, and portfolio diversification, but trading them requires a good understanding of market dynamics and risks.
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