BSE Shares Jump 3%

BSE shares jumped over 3% to a day's high of Rs 2,769.90 after the stock exchange announced plans to launch more monthly index option products and revamp its Bankex index.

What's Behind the Move?

The move is aimed at increasing BSE's market share in the derivatives segment and making its Bankex index more robust. BSE shares are already up around 53% this year, making it one of the best-performing capital market infrastructure-related stocks with a 4,000% rally in the last 5 years.

Revamping Bankex Index

As part of the plan to revamp Bankex, BSE has added Canara Bank, AU Small Finance Bank, PNB, and Union Bank to the banking index, taking the total constituents to 14 with effect from December 26.

Strategy to Increase Market Share

BSE aims to increase its market share in the derivatives segment by focusing on monthly index options. The exchange believes that monthly options are cheaper than weekly options and can attract more traders. BSE's notional turnover market share in the F&O segment stood at 43.5% in November, and premium market share was 25.9%.

Expert Views

B&K Securities expects premium quality to gradually improve in BSE's index options segment over FY26-28, driven largely by volume development on non-expiry days.

Remember, this is perspective, not prediction. Do your own research before making any investment decisions.