BSE stock rises as mkt regulator Sebi works out solution to expiry-day woes

Measures proposed seen benefiting BSE; NSE halts plan to shift expiry

Shares of BSE surged 16 per cent — the best single day gain in nearly six months — as the move by the Securities and Exchange Board of India (Sebi) limiting derivatives expiries to just two days of the week was seen benefitting the bourse.

 

After Sebi’s proposal, the National Stock Exchange (NSE) deferred its decision to shift expiry of index derivatives contracts to Monday from Thursday. The shift was to come into effect from April 4.

 

Shares of BSE closed at ₹5,438 apiece on Friday, helping it recover from the six-month lows with analysts scaling back its earnings estimates