BSE Shares Fall To Four-Month Low After NSE Shifts F&O Expiry Dates To Monday
Shares of BSE Ltd. fell over 9% on Wednesday to hit a four-month low after the National Stock Exchange of India shifted the monthly and quarterly expiry days of futures and options contracts of Nifty, Bank Nifty, FinNifty, Nifty Midcap Select, and Nifty Next 50 to the last Monday of the expiry month.
The changes will take effect from April 4, according to a circular released by the NSE on Tuesday. Currently, the F&O expiry day falls on the last Thursday of the expiry month.
NSE has also shifted the expiry days of Nifty weekly contracts to Monday from Thursday. In addition, the exchange has also moved the expiry days of Nifty half-yearly contracts to Monday from Thursday.
"There is no other change in the contract specifications of index and stock derivatives," NSE said, adding the settlement schedule will be intimated separately by Clearing Corporations.
The move by NSE could have an impact on the volumes on BSE on the trading days of Monday and Friday.
The rejig in the F&O contract expiry days comes after the NSE had, with effect from Jan. 1, aligned the expiry days of various contracts to Thursday.
Till last year, the expiry day of Bank Nifty's monthly and quarterly contracts was Wednesday, and for FinNifty, it was Tuesday. For Nifty Midcap Select and Nifty Next 50, the contracts used to expire on Mondays and Fridays, respectively.
BSE Share Price Declines
BSE shares fell as much as 9.40% to Rs 4,035.10 apiece, the lowest level since Oct. 23, 2024. It pared losses to trade 5.16% lower at Rs 4,231 apiece, as of 10:12 a.m. This compares to a 0.71% advance in the NSE Nifty 50.
The stock has risen 84.28% in the last 12 months. Total traded volume so far in the day stood at 5.6 times its 30-day average. Relative strength index was at 32.
Out of 11 analysts tracking the company, eight maintain a 'buy' rating, two recommend a 'hold' and one suggests 'sell', according to Bloomberg data. The average 12-month analysts' consensus price target implies an upside of 48.8%.
-
High US Salaries, No Green Card Certainty: The Financial Calculation Facing Indian H-1B Families
The suspension of PERM processing at eight technology employers does not cancel existing H-1B visas. What it does is force a question many Indian families have been avoiding: is the US salary worth tying your career and family plans to one employer?
-
Swiggy vs Eternal: Food Delivery's Two Rivals Are No Longer In The Same Race
Eternal is building a private AI assistant, dark.ai. Swiggy is still working out how to make Instamart pay, with an operating loss of Rs 895 crore in the July-September quarter while Blinkit stayed profitable.
-
Where You Live Shapes How You Get To Work | The Reason Why
Two-wheelers are the most popular way to get to work in India, accounting for nearly 43% of workplace commutes.
-
Unhedged Position: Can India See An Indonesia-Style Time Correction?
The Nifty is trading below levels it first clocked in 2024. Is there, then, as I have suggested in the headline, potential that the current time correction drags on painfully for the next three-five, even ten years?
-
Navigating Friction And Energy Realities: An Analysis Of Marco Rubio's October Visit To India
Occurring at a critical juncture marked by stalled trade negotiations and escalating geopolitical pressures over global energy supplies, the visit offers a profound window into modern US-India relations.
-
India Exports Capital. Why Not Export Trusteeship?
The big question, then, is whether India can build an institution that global borrowers, investors, banks, and lawyers can trust, even without an Indian connection.
-
France's Economy & Politics Are In Crisis | The Reason Why
Let's look at how the French economy and politics evolved under Nicolas Sarkozy, Franois Hollande and Emmanuel Macron.
-
You May Inherit The Business. You Must Earn Its Credibility.
Succession tests the founder's ability to share authority as much as it tests the next generation's readiness to assume it.
-
Signing Deals Is One Thing; Making Them Work Is Another | The Week In Whys
Sometimes, things don't turn out as planned. Indian companies have lost some bids to rivals, some projects won't produce until 2030.
-
FOMC Wall, PERM Suspension, Hospital Stocks | Talking Points This Week
A PERM suspension would directly affect green-card sponsorship rather than H-1B visas, so the near-term earnings impact could remain relatively limited. The key question is whether this marks a new phase in US scrutiny of Indian IT.
