BSE shares jumped over 8% on Wednesday, driven by the potential benefits from the Securities and Exchange Board of India’s (SEBI) new measures to ensure market stability in the derivatives segment.
SEBI’s proposals, including the upfront collection of option premiums, are expected to have a divergent impact on market players, with exchanges and brokers focused on retail being the most affected. Jefferies estimates that the removal of the Bankex weekly contract could impact BSE’s earnings per share by 7-9% over fiscal 2025-2027.
BSE’s shares rose to Rs 2,607.7 apiece on the NSE, a gain of 8.1% during the day, and were trading 6.77% higher at Rs 2,575.6 apiece, outpacing the 0.3% advance in the benchmark Nifty 50. The stock has risen 218% in the last 12 months and 16% year-to-date.
