The Bombay Stock Exchange (BSE) has expanded its derivatives market by introducing futures and options (F&O) contracts for 43 additional stocks, effective today, December 13, 2024. This strategic move aims to enhance market depth and provide investors with a broader array of instruments for hedging and speculative purposes.
Key Inclusions:
- Adani Group Companies: Adani Energy Solutions, Adani Green Energy, and Adani Total Gas.
- Financial Services: One 97 Communications (Paytm), Yes Bank, and Life Insurance Corporation of India (LIC).
- Consumer and Retail: Avenue Supermarts (DMart) and Zomato.
- Others: Jio Financial Services.
Additionally, several public sector undertakings (PSUs) have been incorporated into the F&O segment, including Bank of India, Housing & Urban Development Corporation (HUDCO), Indian Bank, Indian Railway Finance Corporation (IRFC), NHPC, Oil India, SJVN, and Union Bank of India.
The BSE announced this expansion via a circular issued on November 22, 2024, stating that the details of the derivative contracts for these securities would be available in the derivatives contract master file generated at the end of the day on December 12, 2024.
This development follows the National Stock Exchange’s (NSE) recent addition of 45 stocks to its F&O segment, effective November 29, 2024. The NSE’s expansion included prominent companies such as Zomato, DMart, Jio Financial Services, and Paytm, among others.
The concurrent expansions by both BSE and NSE reflect a concerted effort to broaden the derivatives market in India, offering investors enhanced opportunities for portfolio diversification and risk management. These initiatives are expected to boost liquidity and attract greater participation from a diverse investor base.
