BSE receives hoax bomb threat, says operations unaffected
BSE
turned out to be a hoax, as preliminary checks by authorities found no suspicious objects, India's oldest stock exchange said in a statement today. The threat was received via email on Sunday, July 13.
The exchange's operations remain unaffected and continue as normal, the release said.
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'On the night of July 13, BSE received a bomb threat via email from an unknown ID. As a precautionary measure, BSE has stepped up its diligence and supervision at its premises immediately and filed an FIR on this issue. All relevant authorities have been informed of the said mail,' the release said.
BSE shares
on Tuesday surged 3.5% to hit the day's high of Rs 2,547.40 on the NSE. The stock extended its rally for the second day in a row, gaining over 7% in this period.
The multibagger stock has been in top form, surging by 219% in the past 12 months. In this year so far, its gains have been to the tune of 39%. This is a significant outperformance over Nifty and Sensex whose 1-year returns stand at 2.5% and 2.4%, respectively. Both these indices have gained 6% and 5% on a year-to-date basis.
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Japan's Nikkei rises as Nvidia's AI China news lifts chip-related shares
However, the rally was briefly derailed by the Jane Street controversy earlier this month. BSE shares have tumbled nearly 20% from their June 10 peak of Rs 3,030. The selloff intensified after SEBI's bombshell order on July 3, which barred U.S. quant trading firm Jane Street from Indian markets and froze Rs 4,840 crore in assets over allegations of a 'well-planned and sinister scheme' to manipulate Nifty Bank.
The fallout was immediate and brutal, with derivatives turnover collapsing and brokerages rushing to downgrade exchange stocks amid fears of further regulatory tightening.
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Ashish Kacholia-backed Balu Forge stalls after 720% IPO rally. Time to re-enter?
Market analysts have now begun to downgrade exchange stocks. IIFL Capital downgraded BSE to ADD, citing near-term volume headwinds.
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