Derivative trading in India has grown manifolds in recent times and with the introduction to weekly expiries,They have a large role to play in the spectacular rise of derivative market. Today, Equity derivatives account for a staggering 99.6% of Indian stock market volumes, totaling over $4.3 trillion per day that roughly transalates into 125% of the underlying companies. Of the over 5000 companies listed in india, derivatives contracts are available for 193 stocks and indices. despite derivative products available for 193 individual stocks, index options like Nifty and BankNiftyreign supreme and account for 98% of total derivative volumes.