AFAIK, derivatives traders are interested in the availability of more choices, but liquidity is an important factor, one that sustains, not short term. There have been reports that more number of traders lose than make money. So if liquidity dries up after a while, there may not be much activity with Sensex, and the existing and experienced traders may very well participate in the already established Nifty and Bank Nifty. There is also the aspect of all brokers permitting to trade.
No investment in BSE, I participate in Nifty.
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