Product notes, regulatory commentary, and field reports from the team building Yobee
SEBI's 48 Significant Indices put Nifty 50 and Sensex under formal regulation
SEBI's 5 May 2026 circular names the first 48 Significant Indices under the Index Providers Regulations, 2024, covering Nifty 50, BSE Sensex, Nifty Bank and the major debt and hybrid benchmarks tracked by mutual fund schemes above Rs 20,000 crore AUM. NSE Indices, BSE Index Services and CRISIL must register with SEBI by 5 November 2026 and carve out index operations into a separately registered legal entity by 5 May 2028. What it changes for ETFs, index funds, derivatives, methodology disclosure and India's Rs 15 lakh crore passive market.
Yobee Team
BSE launches FOCIT futures and options, India's first IT-sector index derivative
BSE launched futures and options on the BSE Focused IT Index (FOCIT) on 11 May 2026, becoming the only Indian exchange with derivatives on a sectoral IT benchmark. The cash-settled monthly contracts (lot size 45, expiry last Thursday) track 14 large-cap names from the BSE 500 including TCS, Infosys, HCL Technologies, Wipro, Tech Mahindra and LTIMindtree, with 172 members generating Rs 148 crore of day-one turnover. What it changes for IT-sector hedging, PMS books, sector-rotation overlays and India's listed IT derivative shelf under SEBI's tightened equity F&O framework.
Yobee Team
PaRRVA goes live, routing IA and RA performance claims through CARE Ratings
SEBI's Past Risk and Return Verification Agency (PaRRVA) framework went live on May 4, 2026, with CARE Ratings as the designated agency and NSE as the data centre, under SEBI circular dated April 29, 2026. Investment Advisers and Research Analysts must enrol by August 3, 2026; from that date, every past performance claim in advisory marketing, pitch decks, websites and social posts must use PaRRVA-verified data. The framework also covers exchange-empanelled algo providers and stock brokers running similar services.
Yobee Team