Sebi directive: Regulator sets timeline for derivatives rejig on Bankex, BankNifty, and FinNifty; move to deepen sectoral representation

Sebi has issued new guidelines for stock exchanges to revise eligibility and composition criteria for derivatives on non-benchmark indices like Bankex, FinNifty, and BankNifty. These adjustments, aimed at enhancing market efficiency and investor opportunities, will be implemented in phases by December 2025 and March 2026, with new rules on constituent stock numbers and weightings.