Description

BSE will introduce monthly Futures and Options contracts on the BSE FOCUSED IT index in the equity derivatives segment effective May 11, 2026, with three series (May, June, July 2026) available from launch.

Summary

BSE is introducing monthly Futures and Options (F&O) contracts on the BSE FOCUSED IT Index in the equity derivatives segment. The contracts will be available for trading from May 11, 2026, with three initial monthly series covering May 2026, June 2026, and July 2026.

Key Points

  • Monthly Futures and Options contracts on BSE FOCUSED IT Index will be launched effective May 11, 2026
  • Three monthly series will be introduced simultaneously: May 2026, June 2026, and July 2026
  • Contract specifications are detailed in Annexure 1 of the circular
  • Updated contract files (EQD_COddmmyyy.csv and BSE_EQD_CONTRACT_ddmmyyyy.csv) will be available on BSE Extranet at path /FNO/COMMON from May 8, 2026 (end of day)
  • No changes to the structure of existing reports
  • Settlement procedure and details will be communicated separately by the respective clearing corporations

Regulatory Changes

This circular introduces a new derivative product on the BSE FOCUSED IT Index, expanding the equity derivatives segment offerings. The contract specifications are governed by the terms in Annexure 1 of this notice.

Compliance Requirements

  • Trading members must download and load the updated contract files (EQD_COddmmyyy.csv and BSE_EQD_CONTRACT_ddmmyyyy.csv) from BSE Extranet (/FNO/COMMON) into their trading applications before commencing trading on May 11, 2026
  • Members should contact their designated Relationship Manager for any clarifications
  • Members should await separate communication from clearing corporations regarding settlement procedures

Important Dates

  • May 8, 2026: Updated contract files available on BSE Extranet (end of day)
  • May 11, 2026: Launch date for BSE FOCUSED IT Index Futures and Options contracts; trading members must load updated contract files before this date

Impact Assessment

This circular expands derivative product offerings on BSE by introducing index-based F&O contracts on the BSE FOCUSED IT Index, a sector-specific index tracking focused IT companies. The launch provides traders and investors with a new hedging and speculative instrument tied to the IT sector. Trading members need to update their systems prior to the launch date. The addition of three simultaneous monthly series provides immediate liquidity depth. Settlement details pending from clearing corporations may require additional preparation from participants.

Impact Justification

Introduces new derivative instruments on a sector-specific IT index, expanding trading options for members but limited to derivatives segment participants; no immediate compliance burden on listed companies.