BSE shares rose over 5% on September 5 after the stock exchange's first Thursday F&O expiry as it witnessed rise in options turnover.
The exchange's average daily options premium turnover on Thursday almost doubled to Rs 49,265 crore compared to the previous August 26 expiry for its derivatives contract, reported Informist on September 5.
The BSE options contracts' expiry shifted to Thursday from Tuesday from this week. 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.
At 2:45 pm on September 5, BSE shares on NSE were trading 5.1% higher at Rs 2,332 apiece. The 52-week high of the stock is Rs 3,030 and 52-week low is s 913. The market capitalisation of the stock is Rs 94,750 crore.
At 3 pm on September 5, 6.34 million shares of the company were traded on the NSE, sharply higher than the 3 million shares till the same time a day ago.
Meanwhile, Goldman Sachs has maintained a 'Neutral' stance on BSE, setting a target price of Rs 2,250. According to CNBC-TV18, the brokerage noted that the newly implemented intraday trading restrictions could affect options premiums across the industry more significantly than initially anticipated.
Previously, Goldman had projected a 5% decline in option premiums due to the introduction of end-of-day trading limits.
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