BSE shares gain over 3% on revision in transaction charges in equity derivatives segment

Shares of the country’s oldest exchange BSE in Thursday's trade (May 2, 2024) gained up to 3 per cent to day's high of Rs 2885 per share on the NSE after it has issued a notice in respect of revision in transaction changes in the equity derivatives segment.

Here below is the summary of the new charges that shall be in force: 

The company’s filing said that the transaction charges as per the  respective current methodology for S&P BSE Sensex Options and S&P BSE Bankex Options shall continue to be levied for the period between May 1 to May 10, 2024.

Furthermore, the revised charges as stated above will be applicable from May 13, 2024. Additionally, it said that for the period May 13, 2024 to May 31, 2024, the premium turnover of these contacts shall be cumulated, and the transaction charges shall be levied based on the slab on the incremental turnover basis.

Importantly, the decision to this effect has been taken after the market watchdog SEBI earlier this week asked BSE to clear regulatory fee based on notional turnover and not premium turnover.

Earlier in its filing dated April 28, the company said that in case, if it is ascertained that the said amount is payable, then the total differential SEBI regulatory fees for the past periods i.e. from FY 2006-07 to FY 2022-23, would be approx. Rs 68.64 crore plus GST which includes interest of Rs 30.34 crore. 

Also, the bourse has changed the stock derivative expiry day from the month's last Thursday to the second Thursday of every month now. The change will be effective from July 1.

With effect from May 13, the Bombay Stock Exchange (BSE) declared on Tuesday that it would raise transaction fees for its key options contracts linked to the Sensex and Bankex indices. Given that the BSE estimates the overall demand from the Securities and Exchange Board of India (SEBI) to be Rs 1.65 billion, this action may affect the exchange's profits. Basics of BSE look It may be better to invest in this stock for the long term based on average and impending Q4 data, noted Pravesh Gour, Senior Technical Analyst, Swastika Investmart.
 

How do technicals hold for BSE shares?

The overall trend in the shares of BSE remains favourable, unless a decisive breakdown occurs below the 2500-mark, a breakout that triggered positive bias in late March of this year, says Avdhut Bagkar, Derivatives & Technical Analyst. StoxBox. While the price action must overcome the crucial hurdle of 3000 mark, the stock may witness accumulation around 2700 -2500 levels, as per the daily chart structure. An aggressive move over 3000 would see the price reclaiming optimistic mood, leading a rally to a new all-time high of 3400-mark. We urge investors to remain bullish and consider exiting only if 2500 threshold is breached, the analyst adds.