Shares of BSE Ltd surged sharply in early trade on Friday, March 28, 2025, rising as much as 13.99% to ₹5,339.50 on the NSE at 10:23 AM. The stock opened at ₹5,000.00, touched an intraday high of ₹5,364.40, and has witnessed a volume of nearly 70 lakh shares. The rally comes on the back of a key regulatory development that is seen as highly favorable for BSE’s growing derivatives business.
The Securities and Exchange Board of India (SEBI) on Thursday released a consultation paper proposing a standardized framework for the expiry days of equity derivative contracts across exchanges. According to the draft proposal, all stock exchanges would need to align their contract expiries to either Tuesdays or Thursdays. The move is aimed at creating greater predictability, consistency, and orderliness in the derivatives market.
This development is particularly significant for BSE, whose rapid growth in the derivatives segment has been largely driven by its Tuesday expiry contracts. The exchange’s market share in index options premium has jumped from 16% in December 2024 to over 22% in February 2025.
The timing of SEBI’s proposal is notable. Earlier this year, rival exchange NSE announced plans to shift expiries for select contracts to Mondays, raising concerns about overlap and potential cannibalization of liquidity with BSE’s Tuesday contracts. However, the new framework from SEBI, which mandates regulatory approval before launching or modifying expiries, could curb such overlap and strengthen BSE’s position.
Analysts believe this move provides regulatory clarity and could level the playing field for both exchanges. With BSE now potentially having official backing for its Tuesday expiries, the exchange’s derivatives segment could continue to grow without further disruptions. The public has until April 17, 2025, to submit feedback on SEBI’s proposal.
Investor sentiment has responded swiftly to the news, with BSE’s stock witnessing a significant spike, adding to its already impressive run over the past few months. The stock’s 52-week range stands between ₹2,115.00 and ₹6,133.40.
Disclaimer: This article is for informational purposes only and does not constitute financial advice. Please consult your financial advisor before making any investment decisions.
