look news india
The shares of Bombay Stock Exchange (BSE LTD) have seen an increase of more than 17%, making the Nifty 500 index top gainer. The reason for this bounce is believed to be a new suggestion given by SEBI regarding the expiry of derivative contracts.
What is the whole matter?
-
SEBI issued a counseling paper, suggesting that the expiry of all derivative contracts should be held on Tuesday or Thursday.
-
Following this suggestion, the NSE (National Stock Exchange) withdrew the decision to expiry its contracts on Monday.
-
The NSE first planned to do expiry from Thursday to Monday from 4 April 2025, but due to SEBI’s new proposal, it was postponed until next notice.
The effect of SEBI’s suggestion
-
SEBI believes that keeping expiry on Tuesday or Thursday will keep the market stability and the volatility of expiry will be avoided on the first or last day of the week.
-
SEBI has sought public suggestions on this till 17 April.
Investors happy with bounce in BSE shares
-
BSE shares opened at the level of ₹ 5000 in NSE today and the intra-day high reached ₹ 5,519.
-
The company’s 52-whee high is recorded at ₹ 6,133.40 and 52-Veik Low ₹ 2,115.
-
Currently, the company’s market cap has increased to ₹ 71,852.36 crore.
This move of SEBI is expected to bring stability in the market, seeing tremendous enthusiasm among BSE investors.