Shares of Asia's oldest bourse BSE Ltd, formerly known as Bombay Stock Exchange, hit a fresh lifetime high in trade on Friday, May 30, soaring over eight percent in the late morning session.
At 11.45 am, shares of BSE were quoting Rs 2,666.5 per share, up by 8.2 percent. Over the past one month, BSE shares have gained 25 percent, while rallying 75 percent over the past six months.
Further, BSE saw a series of large deals in trade today, where around 1.2 lakh shares exchanged hands for Rs 32.5 crore. Further, the traded volume of BSE stock topped one crore shares, higher than the one-month daily traded average of 50 lakh shares.
At 11.55 am, shares of BSE were quoting Rs 2,651, higher by 7.6 percent on the NSE. The stock hit a fresh lifetime high of Rs 2,670 in trade.
Follow our live blog to catch all the updatesShares of BSE have also been in focus a day after market regulator SEBI directed exchanges to choose Tuesday or Thursday for F&O expiry.
Every exchange will continue to be allowed one weekly benchmark index options contract on their chosen day -- either Tuesday or Thursday. Also, besides benchmark index options, all the other equity derivatives contracts expiry will be in the last week of every month on their chosen day i.e. Tuesday or last Thursday of the month, SEBI said in a circular on May 26.
SEBI has directed exchanges to submit their proposal to it for the selection of expiry day by June 15, 2025.
Global brokerage firm Goldman Sachs maintained a 'Neutral' rating on BSE amid the likelihood of NSE picking Tuesday for F&O expiry.
According to Goldman Sachs, if this proposed change is approved, BSE’s market share in index options premiums could drop by around 3 to 4 percentage points, or roughly 15 percent. This would lower its share to 18.8 percent from the current 22.2 percent, based on year-to-date trends.
Further, BSE shares traded ex-date for its 2:1 bonus issue from May 23. This means the pre-bonus price of Rs 6,996 was adjusted to Rs 2,332 to account for the increase in share count.
This corporate action, effective May 23, means BSE shareholders will receive two bonus shares for every one share held, effectively tripling the number of shares in circulation. This was only the second time since BSE listed in 2017 that the board has approved a bonus issue.
Disclaimer: The views and investment tips expressed by investment experts on Moneycontrol.com are their own and not those of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
Find the best of Al News in one place, specially curated for you every weekend.
Stay on top of the latest tech trends and biggest startup news.