Playing catch up? Sensex derivative turnover doubles to Rs 3.4 lakh crore

In the options segment, the turnover was Rs 3.41 lakh crore and in futures, it was Rs 211 crore.

A total of 54.07 lakh contracts were traded on Friday, through 11.62 lakh trades. The total open interest reached a peak of 3.31 lakh contracts, valued at Rs 20,980 crore before expiry, BSE said.

The open Interest has seen a steady growth over the past one month since relaunch, evoking interest from the growing number of market participants, the exchange said.

Asia’s oldest exchange had recently relaunched Sensex derivatives contracts in an attempt to gain market share in the highly-lucrative derivative segment.

Currently, the National Stock Exchange enjoys a near monopoly position in the derivatives market in India. Last year, NSE emerged as the world’s largest derivatives exchange.

BSE has been struggling to increase participation and gain market share in the derivative segment. Since the relaunch of Sensex derivatives, the open interest has been steadily climbing, signalling a sustained and growing interest from market participants. Last week, the exchange said that about 155 members had participated in the segment.

On the weekly expiry day on Thursday, a total of 45.42 crore contracts were traded in the

equity derivative segment on NSE, and in value terms, it was Rs 1.53 lakh crore.

In the recent years, with increasing participation of retail investors, the turnover has increased considerably in the derivatives segment in India.

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