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The launch, inaugurated by Gujarat Chief Minister Bhupendra Patel, is expected to draw global institutional investors by offering extended trading hours and lower transaction costs. The contracts will trade for 22 hours a day, aligning with international markets and expanding access to Indian equities through GIFT City’s tax-friendly regime, BSE Sensex said in a press release.
“The launch of BSE Sensex derivatives at India INX represents a key step in broadening access to India’s benchmark index for global investors. As one of the most recognized indices representing the Indian equity market, BSE Sensex derivatives will offer international investors an efficient avenue to participate in India’s growth story,” said BSE CEO Sundararaman Ramamurthy.
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India INX, a subsidiary of BSE, offers several cost advantages, including zero securities transaction tax, stamp duty, and GST. Non-resident investors can also trade without requiring an Indian tax identification number (PAN).
“India INX, India’s first international exchange at GIFT IFSC, continues to expand its product offerings, providing global investors with a wide range of investment opportunities in a regulated, tax-efficient, and technologically advanced environment,” said Vijay Krishnamurthy, CEO of India INX. “With the launch of BSE Sensex derivatives, India INX reinforces its commitment to deepening liquidity, enhancing market access, and positioning GIFT IFSC as a premier global financial centre.”The launch is part of efforts to establish GIFT City as a financial hub, with policymakers looking to attract foreign capital by easing regulatory and tax barriers.Also read | Gold, silver, Bitcoin may crash as Trump tariffs loom, warns Rich Dad, Poor Dad author Robert Kiyosaki
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