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 26 May 2023. Prior to expiry, the total open interest stood at 20,700 contracts with a value of Rs 1,280 crores.
BSE Ltd. has been witnessing a consistent rise in both turnover and open interest for these contracts, which have a unique expiry on Fridays.
“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.
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