SEBI discussing proposals for only monthly expiries: Exclusive

Market regulator Securities and Exchange Board of India (SEBI) is discussing proposals to move only to monthly expiries, sources in the know told CNBC-TV18 on Thursday, August 21.Sources further added that exchanges have also recommended the use of monthly expiries with the regulator’s intention being a reduction in the number of expiries as a whole.

At the FICCI Annual Capital Market Conference, SEBI Chairman Tuhin Kanta Pandey spoke about the need to increase the tenure of equity derivatives and that there will soon be a consultation paper issued in this regard.

After the SEBI Chairman’s remarks, shares of both BSE and Angel One fell over 6% each.In February 2025, SEBI had issued consultation paper proposing intraday and end of day option position limits.

Dinesh Thakkar of Angel One had told CNBC-TV18 on July 22 that 45% of its revenue comes from the F&O broking segment.

Rajesh Baheti of Crosseas Capital Services told CNBC-TV18 that 85% revenue of discount brokers and exchanges is driven by derivatives. He is anticipating a 35% to 40% hit to NSE’s revenue and a 50% to 60% hit to BSE’s topline. He also expects the full service brokerages to see a 10% to 15% hit on revenue.