BSE shares slide as analysts turn bearish ahead of Nifty 50 entry
BSE’s 52-week range is ₹2,021.50 to ₹4,446.80; The stock has gained about 33% in the past year but dropped over 8% in the last week due to a reassessment of its near-term earnings
BSE shares experienced a decline of 0.72 percent, settling at ₹3,308 on Tuesday, as analysts shifted to a more bearish stance ahead of the exchange's inclusion in the Nifty 50 index on September 30. Regulatory headwinds, including a hike in Securities Transaction Tax, tighter RBI bank-guarantee norms, and the new Closing Auction Session, have led brokerages to downgrade BSE multiple times.
Jefferies reduced its rating to 'Underperform' and cut its price target by 16 percent to ₹2,940, while Nuvama Institutional Equities downgraded the stock to 'Hold' with a lowered price target to ₹3,240. These downgrades, combined with a forecasted decrease in average daily premium turnover, have contributed to the bearish sentiment surrounding BSE shares.
The exchange's ADPTV fell to its lowest level since January 2025, and the Closing Auction Session, introduced to align with developed market practices, has disrupted BSE's expiry-day trading ecosystem.
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