Media Release

Media Release

Sensex and Bankex derivatives contracts post Rs 17,345 crores turnover on its second Friday weekly expiry

Mumbai, 26th May 2023: 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 today.

BSE Ltd. has been witnessing a consistent rise in both turnover and open interest for these contracts, which have a unique expiry on Fridays.

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.

``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 Shri Sundararaman Ramamurthy, MD & CEO of BSE.

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.

About BSE

BSE (formerly Bombay Stock Exchange) established in 1875, is Asia’s first & the world’s fastest Stock Exchange with a speed of 6 microseconds. BSE is India’s leading exchange group and has played a prominent role in developing the Indian capital market. BSE is a corporatized and demutualised entity, with a broad shareholder base. BSE provides an efficient and transparent market for trading in equity, debt instruments, equity derivatives, currency derivatives, interest rate derivatives, mutual funds and stock lending and borrowing.

BSE also has a dedicated platform for trading in equities of small and medium enterprises (SMEs) that has been highly successful. BSE provides a host of other services to capital market participants including risk management, clearing, settlement, market data services and education. It has a global reach with customers around the world and a nation-wide presence. BSE’s systems and processes are designed to safeguard market integrity, drive the growth of the Indian capital market, and stimulate innovation and competition across all market segments.

Indian Clearing Corporation Limited, a wholly owned subsidiary of BSE, acts as the central counterparty to all trades executed on the BSE and other exchanges trading platform and provides full novation, guaranteeing the settlement of all bonafide trades executed. BSE Institute Ltd, another fully owned subsidiary of BSE runs one of the most respected capital market educational institutes in the country. Central Depository Services Ltd. (CDSL), associate company of BSE, is one of the two Depositories in India.

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