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News18
23-06-2025
- Business
- News18
Nifty 50 Rejig Likely: BSE, IndiGo May Enter; IndusInd Bank, Hero MotoCorp On Exit Watch
Last Updated: BSE Ltd, and InterGlobe Aviation—parent company of IndiGo—are likely contenders for inclusion in the Nifty 50 index in the upcoming review BSE Ltd, and InterGlobe Aviation—the parent company of IndiGo—are likely contenders for inclusion in the Nifty 50 index in the upcoming review, according to sources cited by CNBC-TV18. On the other hand, IndusInd Bank and Hero MotoCorp may be removed from the index due to recent underperformance and negative triggers. BSE Ltd, despite being listed only on the NSE, is reportedly eligible for inclusion as it meets the required listing and trading criteria. Its stock has surged nearly 120% from March lows, driven by robust growth in equity derivatives volumes and excitement around the anticipated IPO of NSE. Recently, BSE shares were placed under the Additional Surveillance Measure (ASM) framework due to unusual price and volume activity. IndiGo's parent, InterGlobe Aviation, has seen a 22% rise in its share price over the past six months, supported by strong passenger traffic and market leadership. Brokerage Jefferies has called it a 'unique, strong" franchise, highlighting its dominant 60% domestic market share. As of 12:50 PM, BSE shares were up over 2% at Rs 2,745, while InterGlobe Aviation gained 0.75% to Rs 5,431. IndusInd Bank has underperformed in recent months, falling 11% in six months amid governance concerns, regulatory scrutiny, and questions over derivatives exposure. The stock has also been dropped from the Sensex. At the same time, IndusInd Bank traded 0.4% lower at Rs 837, while Hero MotoCorp was down 2% at Rs 4,256 per share. The Nifty 50 index is reviewed semi-annually, based on data for the six-month periods ending January 31 and July 31. Changes, if any, are implemented in March and September. Eligibility is primarily based on average free-float market capitalisation, which considers only shares available for public trading (excluding promoter and locked-in shares). The upcoming review is expected in August, with changes taking effect in September.
India Today
18-06-2025
- Business
- India Today
Explained: Why BSE shares are falling today
Shares of BSE Ltd, the Indian stock exchange operator, experienced volatility on Wednesday, following a significant 5% pre-market drop. At around 12:16 pm, the shares were down 1.3%, trading at Rs 2,629.30. The drop comes as the company announced a shift in the expiry day of its equity derivative contracts from Tuesdays to Thursdays, effective from September 1, after regulatory change in expiry day has raised concerns about BSE's market share in the equity derivatives segment. The National Stock Exchange (NSE), a larger and unlisted rival, will continue to have its derivative contracts expire on Tuesdays. This scheduling difference could influence trading patterns and market share distribution between the two decision was partly influenced by a regulatory move by the Securities and Exchange Board of India (Sebi), which aims to curb the derivatives trading frenzy by limiting weekly options contracts to one benchmark index per exchange and standardising expiry days to either Tuesday or Thursday. The regulatory intervention is expected to impact BSE's market dynamics significantly, potentially leading to a shift in trading YOU BUY?Ambit Capital, a brokerage firm, has lowered its target price for BSE shares by 7% to Rs 2,050, citing up to a 10% risk to earnings due to potential declines in market share. "While BSE could offset earnings risks by increasing exchange fees for options, it is unlikely to compensate for the lost growth," the brokerage address potential disruptions, a source familiar with BSE's strategy stated, "Existing contracts will continue till September (and) this gives us time to shore up liquidity/ volumes and 100 colocation racks used by high volume traders will be populated by then." These colocation racks allow faster trading through on-site servers, which could help in managing the expected market Sachs projects that BSE will gain 0.5 percentage points in its index options market share monthly, a drop from the previous gain of 0.7–0.8 percentage points. The brokerage anticipates BSE's market share to decline to approximately 21% from the current 24% by September 2025, highlighting the challenges to UBS, "As per our calculation, 10% drop in volumes for BSE can impact profitability by 5%–6%, impact market share by 210 basis points." This potential dip in volumes could substantially affect BSE's financial performance and market standing, highlighting the need for strategic Watch
Economic Times
18-06-2025
- Business
- Economic Times
Buy, Sell or Hold: BSE doubles from March lows, but brokerages turn cautious after SEBI's expiry day directive
BSE Ltd has delivered a stellar rally since hitting its recent low, but the tide may be turning. The stock has more than doubled from its March 2025 lows, with the price surging from Rs 1,227 on March 11 to Rs 2,664 on June 17—a sharp rise of 117%.The rally was fueled by strong technical support, with the stock bouncing back smartly after testing its 200-day moving average (DMA) in March. Since then, the 21-DMA has served as a key support level,
Yahoo
18-06-2025
- Business
- Yahoo
India's BSE falls on concerns shift in expiry day may hurt market share
(Reuters) -Shares of Indian bourse operator BSE Ltd fell 5% in pre-open trade on Wednesday, as a change in the equity derivatives expiry day raised concerns about its market share. BSE said on Tuesday that India's markets regulator has approved its request to move the expiry of equity derivatives contracts to Thursdays from Tuesdays from September 1. The Securities and Exchange Board of India has mandated that expiry days for all equity derivative contracts should be limited to either Tuesdays or Thursdays. In October, it had reduced the number of weekly options contracts available to investors to one benchmark index per exchange in order to curb a derivatives trading frenzy.
Reuters
18-06-2025
- Business
- Reuters
India's BSE falls on concerns shift in expiry day may hurt market share
June 18 (Reuters) - Shares of Indian bourse operator BSE Ltd ( opens new tab fell 5% in pre-open trade on Wednesday, as a change in the equity derivatives expiry day raised concerns about its market share. BSE said on Tuesday that India's markets regulator has approved its request to move the expiry of equity derivatives contracts to Thursdays from Tuesdays from September 1. The Securities and Exchange Board of India has mandated that expiry days for all equity derivative contracts should be limited to either Tuesdays or Thursdays. In October, it had reduced the number of weekly options contracts available to investors to one benchmark index per exchange in order to curb a derivatives trading frenzy.
