Shares of BSE Ltd fell for a second straight session on Thursday, extending losses to over 7 percent after the stock was placed under the Additional Surveillance Measure (ASM) framework.
On the National Stock Exchange (NSE), the stock declined 4.24 percent to an intraday low of Rs 2,760, before recovering marginally to trade at Rs 2,782.30, down 3.47 percent.
The decline follows the stock’s inclusion in the ASM list on Wednesday, a move prompted by sharp price movement, high trading volumes and concentrated client activity — key indicators monitored by exchanges to curb excessive speculation. As per the framework, trading in the stock now requires 100 per centmargin, according to a CNBC-TV18 report.
On Wednesday, BSE had hit a low of Rs 2,871.30, down 4.46 percent, before paring some losses.
The stock has gained nearly 100 percent from its March lows, supported by rising participation in equity derivatives and market interest ahead of the IPO of rival NSE. At current levels, it is trading at over 36 times estimated forward earnings, CNBC-TV18 noted.
Other capital market-related stocks also came under pressure. Shares of MCX and CDSL fell up to 4 per cent during intraday trade.
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