BSE Stock Gains 13%, Hits New 52-Week High After Revising Equity Derivatives Segment Charges

The share price of the Bombay Stock Exchange ( BSE) which is listed on its rival board NSE, skyrocketed by over 13% and touched a new 52-week high on Monday. The performance comes after BSE revised transaction charges for the equity derivative segment. BSE's move to hike these charges is expected to have significant implications, particularly for traders and retail investors. The exchange holds over 4% of the market share in the derivatives segment.

On NSE, the share price of BSE traded at Rs 1,725.20 apiece, at the time of writing, which is up by Rs 137.40 or 8.7%. However, the stock rallied by 13.24% during the day so far after hitting a new 52-week high of Rs 1,798 apiece.

From its 52-week low of Rs 406.20 apiece which was recorded on March 28, 2023, BSE shares have zoomed by 343% since then.

In its regulatory filing, BSE said that in partial modification to the aforementioned notice, trading members may note that the transaction charges structure for the Equity derivatives segment will be revised with effect from November 01, 2023, as below:

- Under the equity derivative segment, incremental billable monthly turnover of up to Rs 3 crore will have a transaction charge of Rs 500 per crore.

- While more than Rs 3 crore to Rs 100 crore turnover, the charge will be Rs 3,750 per crore.

- More than Rs 100 crore to Rs 750 crore, the charge is Rs 3,500 per crore.

- More than Rs 750 crore to Rs 1,500 crore, the transaction charge is Rs 3,000 per crore.

- More than Rs 1,500 crore to Rs 2,000 crore, the transaction charge is Rs 2,000 per crore.

BSE said, the Nearest / Immediate Expiry contracts (including the contracts where the trade date & expiry date are same) of S&P BSE Sensex Options, are to be considered as
"Nearest Expiry Contracts". Accordingly, premium-based turnover on these nearest expiry contracts shall be calculated daily and cumulated at the end of the month.

It said transaction charges shall be levied based on the slab on the Incremental turnover basis on cumulative turnover at the end of the month.

Members shall be provided with a new turnover & transaction charges file based on the new transaction charges structure, BSE stated.

BSE asked market participants may kindly note that there shall be no changes in the transaction charges in any other Equity derivatives contracts other than the contracts.