BSE shares zoom 13% to contemporary excessive on improve in transaction prices for derivatives Categorical Instances

Shares of BSE on Monday rallied as much as 13% to a contemporary 52-week excessive of Rs 1,789.90 on NSE after the inventory change introduced a rise in transaction prices within the fairness derivatives phase.

In a discover final Friday, BSE stated with impact from November 1, the transaction prices construction for the fairness derivatives phase will likely be revised with impact from November 1 for Sensex choices with nearest and quick expiry.

Underneath the brand new guidelines, transaction prices for incremental billable month-to-month turnover or premium worth as much as Rs 3 crore can be Rs 500. For premium worth of greater than Rs 3 crore as much as Rs 100 crore, the fees will likely be Rs 3,750.

Turnovers starting from greater than Rs 100 crore to Rs 750 crore will incur Rs 3,500 per crore prices. Transactions with turnovers between greater than Rs 750 crore and Rs 1,500 crore may have prices of Rs 3,000 per crore.

For turnovers exceeding Rs 1,500 crore as much as Rs 2,000 crore, the fees will likely be Rs 2,500 per crore. Turnovers above Rs 2,000 crore will likely be charged at Rs 2,000 per crore.

The hike comes after tasting success in re-foray into the derivatives phase. From almost zero in June 2023, the lively shoppers on BSE’s derivatives platform have reached 400,000.

“BSE has witnessed success with the Sensex contract within the a lot bigger fairness derivatives phase, dominated by NSE. The Sensex contract is at present catering to about 40 per cent of NSE’s derivatives quantity (Nifty) however with the launch of the Bankex contract, BSE will tackle about 95 per cent of NSE’s spinoff quantity. With a single contract, the change has reached a couple of 9/3 per cent notional/premium market share, which is spectacular,” HDFC Securities stated.(Now you can subscribe to our ETMarkets WhatsApp channel)

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