New Delhi : Markets regulator Sebi on Thursday came out with guidelines for stock exchanges to implement eligibility criteria for derivatives on non-benchmark indices such as Bankex, FinNifty and BankNifty.In its circular, Sebi said stock exchanges must adjust the composition and weights of existing non-benchmark indices.

For Bankex and FinNifty, the changes must be made in a single phase by December 31, 2025, while for BankNifty, adjustments will be done in four monthly phases and completed by March 31, 2026 to ensure an orderly rebalancing of index-tracking funds, it added. Read Also SEBI Introduces Interim Arrangement For Investment Advisers & Research Analysts

The move is aimed at boosting market efficiency, enhance representation of the banking and financial sectors and give mor

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