SEBI approves BSE's new IT sector index derivatives launch

Regulatory Product ApprovalBusiness Updates View source PDF

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AI summary

BSE has received SEBI approval to launch derivative contracts on a new 'BSE Focused IT Index,' a sector index tracking 14 IT companies. This adds a new product to BSE's derivatives segment, which could attract trading volumes. Launch date and contract details will be shared via separate circulars.

Likely market impact

New product approval could boost BSE's derivatives volumes and revenue from trading fees.