BSE Sensex 50 derivatives boast new record of ₹389,758 crore single-day turnover

BSE has further extended its record-breaking streak in the equity derivatives segment, with the Sensex 50 contracts zooming past the daily trading turnover of Rs 3,89,758 crore on November 26, 2020. Since the launch of Sensex 50 derivatives, contract with differentiated Monday expiry has boasted of hefty volumes blessed at the same time with an upbeat equity market and record FII inflows. The previous daily high turnover of Rs 3,13,463 crore was recorded on November 6, 2020.

The S&P BSE SENSEX 50 is a transparent, rules-based index that is designed to measure the performance of the top 50 largest and liquid stocks in the S&P BSE Large, MidCap through float-adjusted market capitalization. BSE, established in 1875, is Asia’s first & now the world’s fastest Stock Exchange with a speed of 6 microseconds.

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BSE makes available the most cost-efficient trading platform for Index options in Indian markets. For instance, participants can plan savings to the tune of Rs 1.18 lakh on a round-trip transaction exposure of Rs 10 crore due to no transaction charges on the BSE platform. For greater exposure, the savings rise accordingly. This serves the interests of investors and businesses as they can not only keep their positions intact against price fluctuations but also save on transactions costs.

BSE is also benefited from an exemption relief under CFTC Regulation 30.10 that permits members to receive futures and options orders from customers located in the US. This will prove to be a plus point for BSE members and also offer the US customers increased access to Indian futures and options markets.

Commenting on this milestone, Shri Sameer Patil, Chief Business Officer, BSE, said, “Since launching on June 29 this year, Sensex 50 contracts have rapidly developed robust liquidity and become the most successful new products in BSE’s history. The exchange saw record derivatives volumes through October, does so now, and will continue to do so, thus providing the most diverse range of products and risk management tools across asset classes, while promoting capital formation.”

As of 10:48 am Tata Motors and Zee Entertainment are the highest winners on BSE Sensex 50 reporting a rise of 4.98% and 4.29% respectively.