BSE Share Price Hits Life High After Block Deal

Shares of BSE Ltd. hit life high on Friday after a block deal on the National Stock Exchange. The stock rose over 8%, extending its gains for the third day.

Over 1.49 lakh equity shares changed hands in a block deal worth Rs 38.75 crore on Friday.

This also comes after the Securities and Exchange Board of India instructed stock exchanges to choose either Tuesday or Thursday for the expiry of F&O contracts.

According to SEBI's circular, issued on May 26, each exchange will be permitted to offer one weekly benchmark index options contract, which must expire on their selected day—Tuesday or Thursday. In addition, all other equity derivatives contracts will expire during the last week of each month, aligning with the exchange’s chosen expiry day—either Tuesday or the last Thursday of the month.

Exchanges have been asked to submit their expiry day selection proposals to SEBI by June 15, 2025.

Shares of BSE rose as much as 8.34% to Rs 2,670 apiece, touching a fresh life high. They pared gains to trade 7.67% higher at Rs 2,652.50 apiece, as of 12:28 p.m. This compares to a 0.32% decline in the NSE Nifty 50.

The stock has risen 49.48% on a year-to-date basis, and 211.59% in the last 12 months. Total traded volume so far in the day stood at 11.39 times its 30-day average. The relative strength index was at 55.89.

Out of 14 analysts tracking the company, 12 maintain a 'buy' rating and two recommend a 'hold', according to Bloomberg data.