Gujarat Chief Minister Bhupendra Patel inaugurated the launch of Sensex Futures & Options (F&O) contracts at the India International Exchange (India INX), located in the Gujarat International Finance Tec-City (GIFT City). This development is expected to strengthen India’s financial market and enhance its global reach.
The inauguration ceremony was a traditional bell-ringing event, marking a key milestone for India’s financial sector. The Chief Minister emphasized that the launch of these contracts, denominated in US dollars, will simplify the investment process for international investors. By eliminating the need for complex currency conversion, foreign investors can now directly participate in India’s financial markets.
Speaking at the event, Patel highlighted that GIFT City, established under the vision of Prime Minister Narendra Modi, has emerged as a global financial hub. “With this launch, India takes another step forward in integrating with the global investment ecosystem. This initiative will further strengthen India’s journey toward becoming the world’s third-largest economy,” he said.
India INX, a subsidiary of the Bombay Stock Exchange (BSE), is India’s first international stock exchange, providing a seamless platform for global investors to trade in Indian markets. The introduction of Sensex F&O contracts follows the successful launch of GIFT Nifty and represents a continuous effort to enhance India’s financial infrastructure.
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Financial experts believe that the availability of these contracts at GIFT City will attract more foreign investment into the Indian markets. This move aligns with India’s goal of expanding its presence in the international financial sector and promoting financial innovation.