Mini derivative (Futures & Options) contract on Index (Sensex & Nifty)
Summary
SEBI has decided to discontinue mini derivative contracts on the Sensex and Nifty indices to prevent small investors from entering the derivatives segment. Stock Exchanges are directed to cease issuing fresh mini derivative contracts while allowing existing unexpired contracts to trade until expiry. This directive is issued under the powers conferred by Section 11(1) of the SEBI Act, 1992.
Text
it has now been decided to discontinue mini derivative contracts on Index (Sensex and Nifty)
No fresh mini derivatives contracts shall be issued
existing unexpired contracts may be permitted to trade till expiry and new strikes may also be introduced in the existing contract months
Exchanges are also directed to give due notice to the market in this regard
Source: SecMarx — Mini derivative (Futures & Options) contract on Index (Sensex & Nifty). Verbatim text is public record; SecMarx structuring (linkage to applying orders) is cited to us.