The push follows a slowdown in the cash market activity. Average daily cash market turnover on the National Stock Exchange, which commands about 93% market share, fell 7% year-on-year to ₹1.05 trillion in FY26. The index options average daily turnover on NSE, which has a 71% market share, also fell by a similar extent to ₹50,467 crore after a raft of tightening measures by Sebi since November 2024, including allowing exchanges to run just one weekly index options contract from multiple earlier, and tripling the contract size, among others.
