BSE, other capital market stocks zoom up to 11% on supportive F&O commentary by FM, SEBI chairman

Shares of BSE rallied as much as 10.7% to their intraday high of Rs 2,718.70 on the NSE on Friday, November 7, following public remarks made by Finance Minister Nirmala Sitharaman and Sebi Chairman Tuhin Kanta Pandey regarding the Futures & Options (F&O) segment.

Meanwhile, other capital market-linked stocks also posted intraday gains on Friday. Shares of CDSL rose 5.2% to Rs 1,612, while those of Angel One rallied 5.4% to their day’s high of Rs 2,620, recovering from their early lows after the statements.

The surge came after the Finance Minister clarified the government’s stance during the 12th SBI Banking and Economics Conclave held on Thursday in Mumbai.

“The government is not here to shut the door on the Futures & Options (F&O) segment,” Finance Minister Sitharaman said during her address. She further stated, “The government is here to remove the roadblocks and work on them. It is the investors’ responsibility to understand risks.”

The remarks were echoed and reinforced by Sebi Chairman Tuhin Kanta Pandey on Friday at the CNBC-TV18 Global Leadership Summit.

“The certainty currently is that it’s on and it is working. And next time, if we have to take any further steps, we will come out with a consultation paper, which you will get to see,” Pandey stated.He was responding to questions around Sebi’s earlier proposal to review or curb weekly options expiries, a topic that has triggered substantial speculation in recent months, contributing to volatility in capital market stocks.The Sebi Chairman clarified that any future changes in the segment would not be implemented unilaterally. “The Sebi Chairman also said that any further steps on this segment will happen in a calibrated manner and will involve proper consultations.”

In a previous comment on October 31, Pandey had also said that the weekly options expiry framework “cannot just be shut down as there are many market participants who use these instruments.”

Speaking separately at the Business Standard BFSI Summit 2025 earlier in October, the Sebi chairman had emphasised the need for a balanced regulatory approach to the derivatives segment.

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He said, “As regulators, the right way needs to be found to approach the derivatives market.” He also confirmed that while certain measures on derivatives have already been introduced, “some of them are yet to kick in.”

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