The stock dropped 3.67 percent to touch an intraday low of Rs 2,653 on the NSE. By 1 pm, it pared some losses to trade at Rs 2,712.30, down 1.52 percent.
The selloff also weighed on other capital market-linked stocks. Shares of MCX and CDSL were down nearly 3 percent intraday.
Earlier this month, BSE reported its net profit doubled to Rs 220 crore for three months ended December 2024
BSE stock soared over 17 percent, hitting an all-time high of Rs 3,448 on the NSE, driven by high trading volumes. In the past 12 months, the counter has zoomed 170 percent, more than doubling investors' money.
The brokerage has a hold call on the stock and has reduced its price target to Rs 2,850 from Rs 3,000.
The lower profitability was due to higher SGF contribution for the currency derivatives segment, said BSE's management. SGF stands Settlement Guarantee Fund.
BSE in May announced the relaunch of Sensex and Bankex F&O contracts that have seen exponential growth month-on-month. BSE's derivatives market share jumped to 14 percent from less than a percent in last six month led by these new product launches
Mutual funds added 30 lakh shares of BSE, 11 lakh shares of Dixon Tech and 58 lakh shares of Nazara Tech in October, data compiled by Nuvama Alternative & Quantitative Research shows
BSE is rapidly gaining market share in derivatives since it brought back the weekly index options for the Sensex and the Bankex in May that are now dominating almost all of the BSE derivatives trading
The BSE announced the revised buyback offer price of Rs 1080 as against the previous price of Rs 816 on September 1st 2023.
Elpro International, which has a market capitalisation of Rs 1,164.66 crore, said the acquisition is for investment purposes
During Q1 FY24, BSE had divested 5 percent stake in its associate company Central Depository Services (India) Limited to meet the requirement of SEBI directives. The profit on divestment amounting to Rs 406.62 crore has been shown as an exceptional item
In FY22, NSE had conducted more checks than BSE, but in FY23, the latter has overtaken with a huge margin. This comes hand-in-hand with BSE ramping up its derivatives segment
Derivatives can be a big playing ground for the BSE. In one and a half months, BSE has already taken 1 percent market share in total derivatives notional turnover
Ashish Chauhan, CEO and Managing Director, BSE said it is imperative for the SME segment to get the necessary policy push
BSE Ltd, in collaboration with Morningstar India, today launched a website to empower investors with relevant information and tools on evaluating mutual fund (MF) investment opportunities.
The National Stock Exchange and BSE Ltd (formerly Bombay Stock Exchange) have decided to bury their hatchets and become friends. What could have caused this sudden change of heart?
The premier stock exchange BSE Ltd would include Coal India and Sun Pharma in the Sensex effective from August 8, 2011.