Now Trade F&O on BSE Indices on Angel One!

What’s New?

You can now access futures and options (F&O) contracts on Sensex on the Bombay Stock Exchange (BSE), directly from the Angel One app. Simply add the derivative contracts on your watchlist and access their charts and option chains. Derivatives trading just became even more interesting!

Who Can Trade in BSE F&O on Angel One?

If you are an Angel One user with your Futures and Options (F&O) segment activated, then you can automatically start trading in F&O on BSE as well. There is no need for you to upload any new documents separately to activate BSE F&O. This is because in accordance with SEBI circular SEBI/HO/MIRSD/MIRSD-PoD-1/P/CIR/2023/95 and BSE circular 20230621-20 dated June 21, 2023, your F&O segment is also automatically activated in BSE. If you wish to opt out or deactivate the same, kindly email us at  support@angelone.in. 

Note: In case you have not activated F&O segment, then you will have to activate segments for both NSE and BSE F&O together. You can learn how to activate F&O segment on Angel One here.

How to Trade BSE Index F&O on Angel One?

The following are some of the standard features available so far for NSE indices F&O that will henceforth be available for BSE indices as well:

1. You can search for F&O on BSE indices directly from the search bar and access option chains of Sensex and Bankex.
2. You can add F&O on BSE indices to any basket. 
3. Receive trade notifications.
4. Your total charges will reflect the charges involved in BSE F&O trades.
5. The open orders and positions sections and summaries will incorporate the data on your BSE index F&O. 

Note: BSE Sensex & Bankex derivatives may currently have low volumes. As a result, intraday orders in BSE F&O segments are currently restricted. Moreover, you can currently only place limit orders on BSE F&O since the bid-ask spread for market orders could be wide.

Let us now go over some of the above features in detail.

Searching BSE Index F&O

Just like a standard F&O on Nifty indices, you can search for a BSE index on the search bar. For example:

1. If you type in 66,000 on the search bar, then the Sensex option contracts with 66,000 as the strike value will come up in the suggestions.
2. If you search Sensex on the search bar, you can narrow down your search for Sensex options by selecting the ‘F&O’ filter below the search bar. 

The futures and options on BSE indices, such as Sensex, will be presented in the following manner:

1. SENSEX OCT 66000 CALL OPT – This means it is a call option on the Sensex with strike price value at 66,000 and expiry in October. For each such option, you will be able view the:
   1. Last traded price
   2. Open, high, low, close prices for the day
   3. Market depth data
2. SENSEX OCT FUT – This denotes a future on the Sensex expiring in October.

Tracking BSE Indices

You can add S&P BSE Sensex with active futures and options to the top two indices tracked under ‘Markets Today’ on the Home page in the app. Moreover, you can add these indices to your watchlist and arrange them or filter them as per your preference, just like NSE indices.

Like any other scrip, you can view historical data on the BSE indices on the Angel One app charts. You can avail of any of the advanced charting features, including using multi-chart layouts on BSE F&O and saving those layouts.

Placing F&O Orders 

You can place and modify your F&O orders on BSE indices, either directly or via a basket order. In fact, you can place/modify/cancel your orders even after market hours. The margins and charges involved will be displayed in the same manner as any other scrip. This includes margins adjusted for spreads used in option trading.

Once you have traded F&O on BSE indices, the P&L from these trades will be incorporated into the standard contract notes. You will also receive notifications on these trades via app notifications, emails and SMS.

Why Trade in the New Derivatives?

1. Friday expiry – You can utilise your capital for an additional day of trading and enjoy the price movements on the expiry day.
2. Reduced lot size – BSE has reduced the lot size of Sensex and Bankex derivative contracts from 15 to 10 and from 20 to 15 respectively. This allows you to make smaller bets, thereby reducing risk.
3. Lower charges – BSE has waived any Sensex and Bankex derivatives contract transaction charges until March 2024. This means your return on investment will be higher than otherwise over time. The margin requirements on the same have also been reduced, which means higher leverage.

With such multiple incentives in place, the trading volumes may soon pick up for the BSE index F&O.

Key Details of the Contracts

Let us first take a quick glance at the key details related to Sensex and Bankex derivative contracts.

For Sensex futures contracts:

For Sensex option contracts:

You can find out more about the S&P BSE Sensex Index here.

For Bankex futures contracts:

*October 16th, 2023 onwards, the expiry for Bankex F&O will be shifted to Mondays. Also note that some of the Bankex contracts may currently be blocked by the RMS due to lack of liquidity.

For Bankex option contracts:

*October 16th, 2023 onwards, the expiry for Bankex F&O will be shifted to Mondays. Also note that some of the Bankex contracts may currently be blocked by the RMS due to lack of liquidity.

You can find out more about the S&P BSE Bankex trends here.

Final Words

A new set of indices to trade futures and options on can be a challenging yet exciting opportunity. If you feel you need to brush up on your trading knowledge, look up Smart Money, Angel One’s storehouse of key knowledge on stock markets and derivatives. Follow the Angel One Youtube channel for regular updates on index movements and opportunities!