BSE shares rose 9% on November 7 after SEBI Chairman Tuhin Kanta Pandey said that "current certainty is that weekly F&O is on"
Speaking at CNBC-TV18 Global Leadership Summit, Pandey said, "Our approach to F&O will have to be calibrated and data based. Discussion paper will have calibrated approach. The current certainty is that weekly F&O is on and it is working."
At 2:20 pm on November 7, BSE shares on NSE were trading 9% higher at Rs 2,676 apiece.
Consequently, the Nifty Capital Markets sectoral index was trading 3% higher at 4,629.
Other capital market stocks like KFin Tech, CDSL and Angel One were trading 3.8%, 3.4% and 3.36% higher, respectively. MCX and Motilal Oswal Financial Services shares were trading 2.2% and 1.7% higher, respectively.
Even the Groww IPO saw retail participation increasing on November 7 with 9 times subscription from that segment for the Rs 6,600-crore public issue. The overall subscription for the IPO of the broking firm was 18 times by the end of the third day of subscription.
What also aided the bullish sentiment for capital market stocks is Finance Minister Nirmala Sitharaman's statement on November 6 that the government is "not here to shut the door on futures and options trading".
"Government is here to remove the roadblocks and work on them," said Sitharaman at the 12th SBI Banking and Economics Conclave 2025 in Mumbai.
It is investors' responsibility to understand the associated risks, added Sitharaman.
However, greater financial awareness can be built by reaching out to people in every village, she said.
News reports earlier this year said government wants to deepen cash market volume and reduce speculation through weekly expiries.
Last month, SEBI chief Tuhin Kanta Pandey said "we cannot just shut down weekly F&O expiries, many market participants are using this".
"This (weekly F&O expiry) is very sensitive subject and has a lot of nuances. There has been a problem in the derivatives market, which has been highlighted by SEBI," Pandey had said at BS BFSI Summit.
"Need to see irrational exuberance is in control for smaller or lesser savvy market participants. How can we shut down the weekly options market just like that? SEBI will do further data crunching on weekly options issue," Pandey added.
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