Sensex and Bankex derivatives contracts clock Rs 17,345 crore turnover on its second weekly expiry

The S&P BSE Sensex and S&P BSE Bankex derivatives contracts, which were recently relaunched, witnessed a turnover of Rs 17,345 crore (Rs 17,316 crore in options and Rs 29 crore in futures) during the second weekly expiry at BSE today.

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

Today, total of 2.78 lakh contracts are traded in the exchange through 98,242 trades. Before expiry, the total open interest stood at 20,700 contracts with a value of Rs 1,280 crore.


"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 Sundararaman Ramamurthy, MD & CEO of BSE.
BSE (previously Bombay Stock Exchange) reintroduced its Sensex and Bankex futures contracts and a Friday expiry on May 15.

The Sensex and Bankex derivative contracts were relaunched in its bid to boost derivative trading at the country's premier bourse.

The relaunch of derivative contracts came with a reduced lot size of futures and options and a new expiry cycle of Friday from Thursday earlier, BSE said.

The revisions were based on market feedback and aimed at providing a wider range of investment options to investors and other market participants.

Derivatives are considered to be high-risk-reward financial instruments aimed at hedging risk in the equity market. BSE launched Sensex-30 derivatives (options and futures) for the first time in 2000.

The Sensex-30 derivatives are made up of 30 of the largest and most actively traded companies on the BSE.

The lot size of futures and options has been reduced to 10 from 15 for Sensex, and to 15 from 20 in the case of Bankex, according to BSE.