In a significant step for India’s financial market, Gujarat Chief Minister Bhupendra Patel recently launched the Sensex Futures & Options contracts on the India International Exchange (India Inx) at GIFT City, Gandhinagar. This launch allows global investors to directly invest in Sensex Futures & Options using US dollars, making it easier for international market participants to access India’s financial markets.
The Sensex Futures & Options contracts will track the BSE Sensex index, one of India’s leading stock indices, offering an investment product that mirrors the performance of the index. The minimum ticket size for these contracts is just USD 1, enabling both large and small investors to participate. The settlement day for each contract will occur on the contract month.
This development follows the introduction of Gift Nifty futures, another contract available on India Inx. With these new Sensex contracts, investors no longer need to deal with the complexities of currency conversion, as the contracts are priced in US dollars. This streamlining helps foreign investors access the Indian market more easily.
India Inx, which began operations, has increasingly become a bridge connecting India’s financial markets with the global financial system. This launch strengthens India’s position as a global financial hub, enhancing its attractiveness to investors worldwide and driving further financial innovation in the country
