Option traders face challenges with multiple expiring derivative products. BSE plans to expand its derivatives portfolio with a focus on genuine product trading. Sundararaman Ramamurthy emphasizes the need for diverse trading options to meet different needs. He further says: "Once the derivative products of Sensex and Bankex, both of which are less than a year old, start stabilising, the stock exchange plans to introduce more products."
Global equity markets have ended the Financial Year 2023-24 on a higher note. Major global equity benchmarks surged significantly and rose up to 44% this year.
Last week, Indian equity benchmarks ended the extended trading week in red terrain as traders opted to book profit at all-time high levels amid tensions in the Middle East and dimming rate cut hopes by the US Fed.
BSE Bankex is down by 1166 points or 2.25 percent on 17 January trading session and HDFC Bank is seen contributing 70 percent of the index fall on an intraday basis.