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BSE relaunches Sensex and Bankex Derivatives Contracts

May 16, 2023

By: BlinkX Research Team

BSE Ltd. (previously Bombay Stock Exchange) launched its Sensex and Bankex derivatives contract. S S Mundra, Chairman, BSE in his address said that BSE is taking several measures to create vibrancy in the exchange. He said BSE is progressing on the three pillars of innovation, technology, and commitment which will help in achieving success in this environment.

Speaking on the launch function, Sundararaman Ramamurthy, MD and CEO of BSE Ltd. said “As the oldest and largest stock exchange in India, BSE has always been committed to providing innovative and cost-effective solutions to meet the evolving needs of our customers. These initiatives will encourage more people to attain their financial objectives by trading in a vibrant exchange.”

The relaunch evoked a good response from market participants. Nearly 100 members participated in trading with a total turnover of Rs 53.12 crores with an open interest of 252 lots. Sensex futures May 19 weekly expiry was the most active contract. Brokers across the country participated in today’s trade. Member East India Securities Ltd. Was the first to trade in the new contract today, as per the BSE press release.

Source: BSE