'Cannot just shutdown weekly expiries,' SEBI Chairman remarks sparks BSE, Angel One recovery

SEBI Chairman Tuhin Kanta Pandey remarked on Friday, October 31, that the weekly options expiry provision cannot just be shut down as there are many market participants that use these instruments. Pandey's remarks sparked an intraday recovery in shares of both BSE and Angel One.

Speaking at the Business Standard BFSI Summit, 2025, the SEBI Chairman said that as regulators, the right way needs to be found to approach the derivatives market. He added further that they have already taken some measures on derivatives and some of them are yet to kick in.

CNBC-TV18 had reported on October 13 that there will be no changes to weekly expiries, unless data shows heightened and unusual trading activity. The market regulator planned on taking a look at the derivative data from July to September 2025.

Shares of both BSE and Angel One, which had cratered to losses of as much as 5% in intraday trading on Friday, saw a sharp recovery from the lows after Pandey's remarks.

BSE shares are currently trading 1.1% lower at ₹2,415.1, while those of Angel One are trading 1.2% lower at ₹2,481.9. Angel One shares are still down 18% on a year-to-date basis, while those of BSE have outperformed, gaining 34% so far year-to-date.