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BSE seeks Sebi approval to launch monthly contracts for several indices

Since September 2024, the exchange has launched 20 indices based on market capitalisation, weightage, and sector classification

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At present, the BSE has three indices where monthly contracts are traded — Sensex, Bankex, and Sensex50.

Khushboo Tiwari Mumbai

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The BSE has sought approval from market regulator Securities and Exchange Board of India (Sebi) to offer monthly derivative contracts for two-three more indices. These include a few thematic indices, said people aware of the developments.
 
The approvals would be crucial for the stock exchange to gain market share in the F&O (futures and options) segment. Sources indicate that it may take some time before the regulator gives the green light as there are several regulatory changes and proposals around F&O — including delta calculation and limiting expiry days to two days — taking shape.
 
Since September 2024, the exchange