Markets

Sensex50 options turnover hit a record high of Rs 2.43 crores on Thursday

MUMBAI: BSE has registered a record trading turnover of Rs 2.43 lakh crore on Thursday. On its equity derivatives segment, Sensex 50 contracts on back of increased volatility due to the ongoing uncertainty in the US Presidential Elections. This is the third time Sensex 50 contracts crossing daily trading turnover of Rs 2 lakh crores.

The previous daily high turnover 208,658 crores was recorded on October 26, 2020. The average daily turnover of BSE derivatives segment in 2019 was just Rs 248 crore while in 2017 and 2018, it was just in few crores. In 2014, the average daily turnover of BSE was more than Rs 80,000 crore a day.

The robust performance of BSE Sensex 50 contracts in particular, is of note, with its increasing liquidity and depth of market, said a senior exchange official.

“In a volatile period for the Indian markets, the Sensex 50 derivatives contracts offers market participants protection to mitigate their risk and meets their growing needs via offset via alternate expiry day, enhanced liquidity, and reliability of BSE’s trading systems and software,” said Sameer Patil, Chief Business Officer, BSE.

“BSE takes pride in offering a diverse range of products and risk management tools across various asset classes that support traders and investors during rapid market movements,” he added.

BSE offers the most cost-efficient trading platform for Index options available in Indian markets. For instance, participants can envisage savings to the tune of Rs 1.18 lakhs on a round-trip transaction exposure of Rs 10 crores due to no transaction charges on the BSE platform.

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