BSE shares up 2% as exchange explores MSCI-linked derivatives
BSE Ltd has entered into an agreement with MSCI for a number of its indexes; BSE will explore the launch of futures and options contracts in India linked to these indexes
On Tuesday morning, shares of the Bombay Stock Exchange (BSE) climbed by 2 percent during the initial trading session. The rise was attributed to the exchange's intention to explore derivatives linked to MSCI indexes in India, a move intended to enhance liquidity and trading activity. At 10:53 am, BSE's shares were traded at ₹3,378.70, having peaked at ₹3,412 during the pre-market period.
The trading volume reached 19.88 lakh shares, translating to a turnover of ₹672.03 crore. The company's market capitalization is valued at ₹1.37 lakh crore, with an adjusted price-to-earnings (PE) ratio of 48.45. The strategic move is part of an agreement between BSE and MSCI for the launch of futures and options contracts based on their indexes, pending regulatory approval.
BSE aims to strengthen its position in the growth of the Indian capital market through this development.
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