BSE shares tank nearly 19 pc in intra-day after Sebi directive on regulatory fee
NEW DELHI, Apr 29 (PTI): Shares of BSE tanked nearly 19 per cent in intra-day trade on Monday as the exchange is expected to shell out more regulatory fee after markets watchdog Sebi asked it to pay the fee based on the “notional value” of its options contracts rather than on the premium value.
The stock plummeted 18.63 per cent to Rs 2,612.10 during the day on the NSE. Later, it ended at Rs 2,783 apiece, down 13.31 per cent.
“Shares of BSE plunged more than 13 per cent after Sebi asked the exchange to pay the regulatory fee based on the notional value of its options contracts and not based on the premium value,” Avdhut Bagkar, Technical and Derivatives Analyst at StoxBox, said.
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