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BSE Ltd shares fell 7 percent after NSE shifted the F&O contracts expiry day to Monday. BSE shares traded at Rs 4,196.50, down 5.77 percent. Goldman Sachs cut the target price to Rs 4,880.
BSE shares fell 7% during intraday.
BSE Share Price: BSE Ltd shares cracked 7 per cent in the morning trade after its competitor NSE shifted the expiry day for F&O contracts to Monday instead of Thursday. BSE shares were trading at Rs 4,196.50 per share with a drop of -5.77 per cent around 11:00 AM. The counter opened at Rs 4300 per share, against the previous day’s close at Rs 4,453.65 per share.
BSE Ltd shares nosedived nearly -22 per cent in the last five sessions.
Earlier, Goldman Sachs maintained the neutral stance on BSE shares by slashing the target price to Rs 4,880 from Rs 5,650.
NSE Shifts Expiry Day For F&O Contracts
In a circular dated March 04, NSE (National Stock Exchange) intimated the changes in the expiry day to last Monday of expiry month instead of last Thursday of expiry month. The new changes will come into effect from April 04, 2025 i.e. Expiry day for all existing contracts will be revised to “New Expiry Day” on April 03, 2025.
Revised expiry date of all existing derivatives contracts shall be available in the contract file which shall be generated on April 03, 2025 end of the day which shall be applicable for trading on April 04,2025.
