BUSINESS

Why BSE share price is rising?

By Rishabh Raj

1

Exponential rise

BSE's share price is touching new highs every day, despite volatility in the overall market. On Wednesday, the stock peaked at Rs. 1,828, rising 7%. In 2023, it has gained as much as 200%.

2

Revised charges

Revised transaction charges for Sensex Options sparked a surge in demand. Average daily turnover in October 2023 reached Rs. 23,620 crore, up from Rs. 5,620 crore in July 2023.

3

Derivatives contracts surge

BSE's reintroduction of Sensex and Bankex derivatives contracts with smaller lot sizes and weekly expirations in May 2023 has also contributed to its stock price surge.

4

BSE's market expansion

BSE's expansion into various segments, including options on futures for precious metals and energy, has further strengthened its position in the derivatives market.

5

Impressive Q1 revenue

In Q1 FY24 BSE recorded a revenue growth of 15% to Rs. 216 crore, and net profit soaring over 1,000% to Rs. 440 crore due to divestment in its associate company, CDSL.

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