Shares of multibagger stock BSE plunged, fell 9%...
The stock market is in full swing in Wednesday's trading session. The market has returned to a great boom in the 10-day session. But despite this, the stock of the country's oldest stock exchange and the stock market's multibagger stock BSE is trading down in today's session. The reason is that big decision of the National Stock Exchange. The National Stock Exchange (NSE) has taken a big decision regarding the expiry of Future and Option (F&O) contracts. Now all NSE indices including Nifty, bank Nifty will expire on the 'last monday of the month'.
This decision of the National Stock Exchange reflects the growing battle with the BSE, which had already shifted the expiry of Sensex and Bankex from friday to tuesday two months ago. This change is expected to bring volatility and promote strategic rebalancing among both institutional and retail investors. This also highlights the growing competition between the two major exchanges as they eye India's F&O market.
In today's trade, the BSE stock opened with a drop of about Rs 150 at Rs 4300 and slipped 9.40 per cent to Rs 4035. This decline was due to heavy selling in the BSE stock. However, buying returned in the stock from the lower level and currently the BSE stock is trading at Rs 4291 with a drop of 3.64 per cent. That is, the stock has gained more than Rs 250 from the lower level.
Multibagger stock BSE has given 858 per cent return to its shareholders in two years, 520 per cent in 3 years and 2900 per cent in 5 years, that is, 29 times return. And brokerage houses are very bullish on BSE stock as the IPO of National Stock Exchange is about to come.
In a circular issued by NSE on tuesday, march 4, it was said that the F&O contracts of Nifty, bank Nifty, Finnifty, Nifty Midcap Select and Nifty Next 50 will expire on the last monday of every month. NSE said that this decision will be effective from april 3, 2025. Apart from this, the weekly expiry of Nifty has been shifted from thursday to monday by NSE. Along with this, the exchange has also shifted the quarterly and half-yearly contracts of Nifty from thursday to Monday. Currently, the F&O contracts of all the indices of NSE expire on Thursday.
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