BSE shares drop 5% ahead of second Thursday F&O expiry, snap 7-day gaining streak

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The shares of Bombay Stock Exchange (BSE) dropped nearly 5 percent on September 10 as investors may have resorted to profit booking after a record rally. The stock has now snapped a seven-day gaining streak.

This comes ahead of the stock exchange's second Thursday F&O expiry. The shares hit a day's low at Rs 2,353.20 apiece.

BSE shares rallied more than 12 percent in the past seven sessions, buoyed by multiple factors. Today's fall comes despite overall optimism in the stock market. Benchmark index Sensex gained over 500 points (nearly 0.7 percent) to hit an intraday high of 81,643.88 after US President Donald Trump said India and US are set to resume trade negotiations. Nifty 50 meanwhile rose 167 points (around 0.7 percent) to cross the 25,000-mark.

Although BSE shares tumbled, Nifty Capital Markets index was standing in the green at 4,326 in the afternoon. Motilal Oswal Financial Services and Aditya Birla Sun Life AMC shares jumped over 2 percent, while HDFC AMC shares gained nearly 3 percent.

Angel One and CDSL shares however were trading in the red with marginal losses. Newly-listed NSDL shares, which are not part of the Nifty Capital Markets index, dropped 2 percent today.

BSE shares have dropped over 5 percent in the past one month, and have gained more than 70 percent in the past six months. The stock is up around 25 percent in 2025 so far, and its P/E ratio currently stands at around 63.5.

After hitting a 52-week low of Rs 913.77 per share in September last year, the shares of the stock exchange jumped around 232 percent to hit a 52-week high of Rs 3,030 apiece in June this year. The stock has so far declined around 26 percent since then.

The BSE options contracts' expiry shifted to Thursday from Tuesday last week onwards. Analysts had expected the average turnover on the expiry day to fall post the shift as NSE will now get three working days before its weekly expiry while BSE get only two working days before expiry.

Also read: Our LIVE blog on stock market updates