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.