Equity Derivatives is the National Institute of Securities Markets' own textbook on the Indian equity derivatives market, published exclusively by Taxmann. Ten chapters run from what a derivative is to how the market is cleared, margined, governed and taxed—taking in index construction, contract specifications, pricing models and a dozen fully worked option strategies along the way. What sets the book apart is method: nothing is left abstract. Specifications are dissected against live NSE and BSE quotes, every hedge is tested in both a rising and a falling market, and each strategy carries its own strike-and-premium table, spot-by-spot payoff, break-even and chart. Written against SEBI's recent overhaul of the framework and footnoted to circulars dated as late as February 2026, this March 2026 Workbook Version is both the prescribed text for the NISM-Series-VIII Certification and a reference whose every position can be independently checked.
