Present market scenario

The BSE Sensex (BSE- 17087.96 -49.18) fell below 17,000 points for the first time in two months early on Wednesday, shedding more than 1 per cent as world stocks dropped on concerns Greece's debt crisis could spread elsewhere. And Nifty Closed at 5124.90 (-23.60) on Wednesday.

However, in last half hour of trade, it made some smart recovery and ended with modest losses. Sensex shut shop at 17087, down 49 points and Nifty at 5124, down 23 points from the previous close.

Good NEWS in Stock Option

Stock market regulator Securities & Exchange Board of India (Sebi) has widened the scope of index-based options by allowing exchanges to offer option contracts based on Sensex and Nifty with a tenure of up to five years. In January, 2008, Sebi had extended the period to three years.