Introduction of Index options with tenure up to 5 years

SEBI has decided to permit Stock Exchanges to introduce option contracts on Sensex and Nifty with tenure up to 5 years on following conditions:

1. There are 8 semi annual contracts of the cycle June/December in sequence to 3 serial monthly contracts and 3 quarterly contracts of the cycle March / June/ September/ December.
2. The Exchange has in place the appropriate risk management framework for such derivative contracts Read here