NDTV Profit
Ramamurthy says BSE agreed to F&O expiry on Thu in mkt interest
This story was originally published at 19:05 IST on 17 June 2025
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NEW DELHI – BSE Ltd. was happy with Tuesday as the expiry day for its equity derivatives contracts, but since the National Stock Exchange of India had requested for Tuesday as the expiry day, and in the overall interest of the market, BSE has opted for Thursday as the expiry day, Sundararaman Ramamurthy, managing director and chief executive officer of the stock exchange, told NDTV Profit. Ramamurthy told the TV channel that in the Indian equity derivatives market, Thursday had traditionally been the expiry day for equity derivatives for a longer time than Tuesday.
With Thursday as the expiry day, the options market in the country has developed, Ramamurthy told NDTV Profit, indirectly referring to the capture of a lion's share of the equity derivatives market before BSE tweaked its Sensex futures and options contracts in May 2022 and the competitive landscape changed. The BSE MD told NDTV Profit that market share and volumes in an exchange were a function of multiple factors, and "at this point in time taking just one factor and talking about it will not be possible". He said one needs to wait and watch "how it pans out".
Ramamurthy told the TV channel it was premature to say how the transaction fee revenue of BSE would be impacted due to the change in the expiry day of BSE's equity derivatives contracts to Thursday from Tuesday. "Transaction revenue is based on the volume, and market volumes are a function of multiple things. One factor alone impacting it can't be prejudged," the BSE MD told NDTV Profit.
On Tuesday, shares of BSE ended 1.2% lower at INR 2,664.40 on the NSE. End
Compiled by Rajesh Gajra
Filed by Avishek Dutta
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