Equity swaps are used to: Gain exposure to a stock or index without owning it physically Hedge equity portfolios Rebalance or diversify portfolios across geographies Implement arbitrage strategies

Example: Party A agrees to pay Party B the return on the Nifty 50 Index over 6 months. Party B agrees to pay Party A a fixed 6% annual interest…

No. Swaps are not traded on Indian stock exchanges like NSE or BSE. They are OTC (Over-the-Counter) instruments, used mainly by institutional investors, banks, and hedge funds.