BSE shares notch fresh 52-week high as exchange revises transaction charges in derivatives segment
BSE Limited is an exchange entity that provides a transparent market for trading in equity, debt instruments, derivatives, and mutual funds. The companys two business segments include the stock exchange and depository.
Shares of the country’s oldest exchange, BSE, in trade on Monday (October 23) notched a fresh 52-week high of Rs 1,798 apiece on NSE. At around 11:45 am, BSE shares were trading 7 per cent higher at Rs 1,697.95 each.
On Saturday, the exchange, in a regulatory filing, informed about the revision in transaction charges in the equity derivatives segment.
The exchange will affect changes in the transaction charges in the S&P BSE Sensex Options (nearest or immediate expiry) with effect from November 1, 2023.
Accordingly, for incremental billable monthly turnover of up to Rs 3 crore, the transaction charge is Rs 500 per crore, and for billable monthly turnover of over Rs 3 crore to up to Rs 100 crore, the charges will be levied at the rate of Rs 3,750 per crore.
Further, for billable turnover amounts of over Rs 100 crore to Rs 750 crore, charges at the rate of Rs 3,500 per crore will be levied, while for a monthly turnover of over Rs 750 crore to Rs 1,500 crore, the amount charged will be Rs 3,000 per crore.
Meanwhile, for billable turnover of over Rs 1,500 crore to up to Rs 2,000 crore, a fee of Rs 2,500 per crore will be charged, and for an amount over Rs 2,000 crore, the fee stands at Rs 2,000 per crore.
“The Nearest / Immediate expiry computation shall be based on the below – Based on the Trade Date, the Nearest / Immediate Expiry contracts (including the contracts where trade date & expiry date is same) of S&P BSE Sensex Options, to be considered as "Nearest Expiry Contracts". Accordingly, premium-based turnover on these nearest expiry contracts shall be calculated on a daily basis and cumulated at the end of the month,” added the exchange in the filing.
BSE shares in the last one year have leaped 192 per cent, with 52-week low and high prices at Rs 406.2 and Rs 1,798 per share, respectively.
Technically, the stock’s RSI is 82.4, suggesting an overbought state in the counter.
The stock currently trades above its 5-day, 10-day, 20-day, 50-day, 100-day, and 200-day SMA, or simple moving average.
The average brokerage target on the stock as per the Trendlyne data is Rs 1,161, signalling a downside of around 32 per cent.
BSE Limited is an exchange entity that provides a transparent market for trading in equity, debt instruments, derivatives, and mutual funds. The company’s two business segments include the stock exchange and depository.
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