Market Performance
BSE shares experienced a 10% increase on March 28, 2025, reaching a high of ₹5,152.75. This rise follows a 5% gain in the previous session, resulting in a cumulative 15% increase over two trading days. Over the past year, BSE's stock has risen by more than 90%, with a 13% advance in March following a 13% decline in February.
BSE Board Meeting on Bonus Shares
BSE's board is scheduled to meet on March 30, 2025, to discuss the potential issuance of bonus shares. Bonus shares are additional fully paid-up shares given to existing shareholders at no extra cost. Such issues typically enhance market liquidity and make shares more accessible to retail investors. By regulatory requirements, BSE has implemented a trading window closure from March 26, 2025, to April 1, 2025, to prevent insider trading during this period.
SEBI's Equity Derivatives Expiry Proposal
The Securities and Exchange Board of India has proposed a new framework to standardize equity derivative contract expiries across exchanges. Under the proposal, expiry days would be limited to Tuesday or Thursday.
BSE conducts its equity derivatives expiries on Tuesdays, while the National Stock Exchange (NSE) planned to shift its expiry to Monday beginning in April 2025. SEBI's proposal, if implemented, would prevent NSE from adopting a Monday expiry, ensuring BSE maintains a distinct expiry day and reducing the risk of market share loss.
Summary
The recent 15% surge in BSE's share price over two sessions is attributed to investor anticipation of a potential bonus share issuance and regulatory changes proposed by SEBI. The proposed alignment of equity derivatives expiry days is expected to benefit BSE by preserving its market share and reducing competitive risks. The outcome of BSE's board meeting on March 30 will be closely watched for further developments regarding bonus shares and other corporate decisions.
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