India's BSE said it will discontinue weekly derivative contracts linked to Bankex and Sensex 50, indicating the stock exchange operator will retain only contracts linked with its benchmark BSE Sensex,

Leading stock exchange the BSE on Thursday announced the discontinuation of weekly index derivatives contracts on Sensex 50 and Bankex, following a new directive from markets regulator Sebi. In its circular,

On Tuesday, Sebi introduced a stricter framework for equity index derivatives, including an increase in the minimum contract size, upfront collection of option premiums, and intra-day monitoring of position limits.

BSE announces the discontinuation of weekly index derivatives contracts on Sensex 50 and Bankex following Sebi's directive to curb speculative trading. Learn more.

India's BSE will retain weekly derivative contracts linked to the Sensex after the country's markets regulator announced tighter rules for equity derivatives, two sources with direct knowledge of the matter said.

The BSE's statement said, "Weekly Index Derivatives contracts on SENSEX 50 will be discontinued with effect from November 14,2024 end of day. New weekly contracts will not be generated after the expiry of existing unexpired contracts. Existing unexpired contracts will continue till their respective expiry."

Sources have told ET NOW that the BSE will retain weekly derivative contracts linked to the Sensex. This follows SEBI's tighter rules for the Futures and Options (F&O) trading.