Shares of BSE Ltd surged 12% to ₹5,152.75 after SEBI proposed limiting equity derivatives expiries to either Tuesdays or Thursdays. This move comes in response to NSE's plan to shift expiry days to Mondays, which has now been deferred. SEBI's consultation paper aims to create predictability and stability in the derivatives market, reducing concentration risk and allowing for product innovation. The regulator also suggested that exchanges seek prior approval for any changes to expiry schedules. This development is seen as potentially beneficial for BSE, which has been gaining market share in the equity derivatives segment. Market participants have until April 17, 2025, to submit feedback on SEBI's proposal.
Source: Economic Times, NDTV Profit