Tidal shift: BSE hoists the sails for Sensex's 'offshore' voyage

IFSCA's July nod opens the route for derivatives on the 30-share index: Sources

Tasting success with the relaunch of Sensex derivatives in the onshore market, BSE is preparing for the ‘offshore’ debut of its 30-share index, which has become synonymous with the domestic markets.

Sources familiar with the development said that the India International Exchange (India INX), a subsidiary of BSE, received approval in July from the International Financial Services Centres Authority (IFSCA) to launch Sensex 30 derivatives contracts.

IFSCA is the unified regulator for Gujarat International Finance Tec International Financial Services Centre (GIFT IFSC), India’s first and only global financial hub.

BSE has conducted several outreach programmes in the