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Introduction of Index options with longer tenure

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Full Text of the Document

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....ure 1. The SEBI Derivatives Market Review Committee (DMRC) headed by Professor M. Rammohan Rao, recommended the introduction of new derivative products in the Indian market, with option contracts on indices and stocks with life/tenure of up to 5 years (60 months) being one of them. 2. To begin with, it has been decided to launch long term options on Sensex and Nifty with tenures of upto 3 years.....

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