Shares of capital market-linked companies rallied on Wednesday, April 1, with stocks such as BSE Ltd., CDSL, Motilal Oswal, and Angel One rising by as much as 7% after the Reserve Bank of India (RBI) deferred the implementation of its revised norms on banks' capital market exposures.
BSE shares surged nearly 6.83% after open, while Angel One was also trading with gains of a similar magnitude. Billionbrains Garage Ventures (Groww) climbed about 4.2%, and CDSL and Motilal Oswal Financial Services were up in the 6-7.5% range during morning trade.
The Reserve Bank of India (RBI) deferred the implementation of its revised norms on banks' capital market exposures, which were originally scheduled to take effect today, to July 1, 2026. The central bank cited representations from banks, capital market intermediaries, and industry associations that sought more time and clarity on operational and interpretational aspects of the February circular.
As part of the review, the RBI also eased restrictions on financing market makers against securities when undertaken for market-making activities. Following consultations with stakeholders, the RBI said it had decided to extend the effective date of the amended directions by three months, providing relief to capital market participants and contributing to the day's rally in related stocks.
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