BSE To Discontinue Bankex And Sensex 50 Weekly Contracts

The Bombay Stock Exchange (BSE) said on Thursday that it will be discontinuing the Bankex and Sensex 50 contracts from its weekly offerings, following a directive from the Securities and Exchange Board of India (Sebi). This decision is set to take effect in mid-November, as Sebi has mandated that each exchange may only offer derivatives contracts for one benchmark index with a weekly expiry.

Under the new regulations, the existing weekly contracts for Sensex will remain active, making it the only product available for weekly trading on the exchange. The BSE specified that the Sensex 50 contracts will be discontinued at the end of trading on 14 November, while the Bankex contracts will be phased out by 18 November.

The BSE's notice clarified that no new weekly contracts will be created following the expiry of the existing unexpired contracts. However, these existing contracts will continue to be available until their respective expiry dates. This strategic shift reflects the BSE's compliance with regulatory requirements aimed at streamlining the derivatives market in India.