The index tracks the next largest and most liquid companies within the BSE 100 that are part of the derivatives segment but are not constituents of the benchmark Sensex 30 index.
Following the approval, BSE will offer cash-settled monthly index futures and monthly index options on the new index. The contracts will have expiry on the last Thursday of the respective expiry month.
The move is aimed at expanding the exchange's derivatives product suite.
BSE is Asia’s oldest exchange and the world’s largest exchange in terms of the number of listed companies.
The exchange reported 174% jump in consolidated net profit to Rs 601.81 crore on a 62% increase in net sales to Rs 1,244.10 crore in Q3 FY26 over Q3 FY25.