SEBI to float consultation paper to phase out weekly F&O contracts next months: Exclusive

Market regulator Securities and Exchange Board of India (SEBI) is likely to float a consultation paper within the next month, to consider ending the weekly F&O contracts, sources with knowledge of the matter told CNBC-TV18.

SEBI Chairman Tuhin Kanta Pandey on August 21, had first mentioned about the regulator exploring longer-tenor derivative products.

Sources said that SEBI is planning a transition to monthly expiries, with a defined glide path, adding that the regulator may consider the same day expiry across exchanges.

Shares of BSE dropped to the lowest point of the day, currently trading 3.5% lower at ₹2,188.6.

This is a developing story.