BSE shares drop 5% as reports hint Sebi may approve Tuesday expiry for NSE

BSE slips to Rs 6,933 as SEBI mulls granting Tuesday expiry to NSE

Shares of the Bombay Stock Exchange (BSE) fell 5 percent to Rs 6,933 apiece on May 22, following reports that India’s market regulator, SEBI, may soon approve Tuesday as the expiry day for the National Stock Exchange (NSE).

According to CNBC-TV18, the Securities and Exchange Board of India (SEBI) may soon issue a circular regarding the expiry days for index contracts on stock exchanges. The report suggested that NSE has likely applied for Tuesday to be set as its new expiry day. This proposal was discussed recently at a meeting of SEBI’s Secondary Market Advisory Committee (SMAC), which is working on finalising rules for expiry days across exchanges.

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Currently, the BSE's futures and options contracts expire on Tuesday, while the NSE's contracts expire on Thursday. In March 2025, SEBI released a consultation paper recommending that Tuesday and Thursday be used as expiry days by the stock exchanges to avoid overlap and bring clarity.

In a separate development, NSE recently changed the expiry days for several of its contracts. From April 4, 2025, the monthly and quarterly expiry dates for contracts like Nifty, Bank Nifty, FinNifty, Nifty Midcap Select, and Nifty Next50 have been shifted to the last Monday of the expiry month.

NSE has also made changes to the weekly and half-yearly expiry days of its Nifty contracts. Weekly expiries have moved from Thursday to Monday, and half-yearly expiries have also been shifted from Thursday to Monday.

Additionally, SEBI Chairman Tuhin Kanta Pandey said that the outstanding issues related to NSE IPO will soon be resolved.

BSE shares had earlier seen a strong rally. From the lows in March, the stock had jumped more than 80 percent, compared to a 12 percent gain in the benchmark Nifty 50 index. Over the past month alone, BSE shares have climbed 11 percent, while the Nifty 50 has edged up by just 1 percent.

In terms of financial performance, BSE recently posted a massive 361.7 percent year-on-year increase in net profit, reaching Rs 494 crore for the fourth quarter of FY25. Its revenue from operations also rose sharply, up 75 percent to Rs 846.6 crore for the same period.

The company’s board announced a total dividend of Rs 23 per equity share (face value of Rs 2) for FY25. This includes a special dividend of Rs 5 and a regular dividend of Rs 18.

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