- Today, totally 2,78,341 contracts traded in the exchange through 98,242 trades
- This surge in trading activity was accompanied by an open interest (OI) value exceeding Rs 1,350 crores
- BSE (previously Bombay Stock Exchange) reintroduced its Sensex and Bankex futures contracts with lower lot sizes and a Friday expiry on May 15th, 2023
NE BUSINESS BUREAU
MUMBAI, MAY 26
The S&P BSE Sensex and S&P BSE Bankex derivatives contracts, which were recently relaunched, witnessed a significant turnover of Rs 17,345 crores (Rs 17,316 crore in options and Rs 29 crore in futures) during the second weekly expiry at BSE on Friday.
Turnover in SENSEX and BANKEX derivatives contracts crosses Rs. 10,000 Crs with an OI value of over Rs. 1350 Crs#Sensex #Bankex #Derivatives #OptionsTrading #futurestrading #BSE #BSEIndia
— BSE India (@BSEIndia) May 26, 2023
BSE Ltd. has been witnessing a consistent rise in both turnover and open interest for these contracts, which have a unique expiry on Fridays.
Mr. Sundararaman Ramamurthy, MD&CEO, BSE speaking at ICSI and BSE Symposium on SEBI (LODR) on 26th May, 2023 at @BSEIndia
@SEBI_India @SundaramanR @icsi_cs pic.twitter.com/K0IHaMD4vO— BSE India (@BSEIndia) May 26, 2023
Today, totally 2,78,341 contracts traded in the exchange through 98,242 trades. Prior to expiry, the total open interest stood at 20,700 contracts with a value of Rs 1,280 crores.
This surge in trading activity was accompanied by an open interest (OI) value exceeding Rs 1,350 crores, BSE tweeted on May 26.
Do you know? it is now possible to trade BSE Sensex, Bankex Futures and BSE Options Contracts.
So Now, Trade BSE Options using Intellect's Advance Trading Terminal and ensure profitable trades. @BSEIndia#optionstrading #StockMarketindia #traders pic.twitter.com/jQ6n7U08Ou— Intellect Software Solutions Pvt Ltd (@intellectsoftin) May 26, 2023
“The activity being witnessed in these contracts stands testimony to the fact that there is a growing interest and utility of these new products for market participants,’’ said Sundararaman Ramamurthy, MD & CEO of BSE.
Relaunch of S&P BSE SENSEX S&P BSE BANKEX derivatives contracts.
For more info visit https://t.co/YgcH3gblTo#truedata #Sensex #Bankex #BankexDerivatives #BSE #BombayStockExchange #BSEIndia BSEIndia pic.twitter.com/sIz5lXFYBK— TrueData™ 🇮🇳 (@truedata1) May 24, 2023
To enhance market participation and liquidity, the BSE reduced the lot size for futures and options contracts. The lot size for Sensex derivatives has been reduced from 15 to 10, while for Bankex derivatives, it has been reduced from 20 to 15.
The derivative contracts offered by the BSE are based on the Sensex-30 index, which comprises 30 of the largest and most liquid stocks listed on the exchange. These contracts, including options and futures, provide investors with a way to hedge against market volatility and speculate on price movements of the underlying stocks.
BSE (previously Bombay Stock Exchange) reintroduced its Sensex and Bankex futures contracts with lower lot sizes and a Friday expiry on May 15th, 2023. The revisions were based on market feedback and aimed at providing a wider ranges of investment options to investors and other market participants.