BSE shares surged 9% on November 7 after Securities and Exchange Board of India (SEBI) Chairman Tuhin Kanta Pandey assured that weekly futures and options (F&O) contracts will continue for now.

Speaking at the CNBC-TV18 Global Leadership Summit, Pandey said, “Our approach to F&O will have to be calibrated and data-based. The discussion paper will have a calibrated approach. The current certainty is that weekly F&O is on and it is working."

At 2:20 PM, BSE shares were trading 9% higher at ₹2,676 apiece on the NSE. The Nifty Capital Markets index also gained 3% to 4,629, buoyed by strength in other capital market stocks.

Sectoral rally in capital market stocks

Among peers, KFin Technologies rose 3.8%, CDSL gained 3.4%, and Angel One advanced 3.36%. Meanwhile, MCX and Motilal Oswal Financ

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