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Also translated in Hindi and published in Dainik Bhaskar
Articles: SEBI allows mini contracts for Sensex, Nifty derivatives
Securities and Exchange Board of India (SEBI) has announced that it would allow mini contracts for derivatives based on Sensex and Nifty
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Securities and Exchange Board of India (SEBI) today announced that it would allow introduction of new derivatives with a
contract size of Rs. 1 Lakh. To start with, these derivatives would be based on Sensex and Nifty.
It should be noted that the minimum contract size of regular index and stock based derivatives is Rs. 2 Lakhs. |
BSE Announcement
Following SEBI's announcement, The Stock Exchange, Mumbai (BSE) has planned introduction of mini contracts on Sensex starting January 1st, 2008. These would have a market lot of 5 units, and would have the symbol "MSX".
These contracts would be available with a maturity of 1, 2 and 3 months, along with weekly options.
What does it mean for you?
The lower minimum contract size means that smaller investors would be able to hedge their portfolio using these contracts with a lower capital outlay. This would mean a better hedge for your portfolio, and would also result in more liquidity in the market.
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