BSE

BSE Limited scheduled a one-to-one physical investor meeting with Abakkus Asset Management in Mumbai for September 17, 2026. Company officials were due to attend, although the schedule remained subject to change because of exigencies involving the participants or the company. BSE reported consolidated revenue of about ₹4,900 crore in FY26, with derivatives transaction charges accounting for most operating revenue in the June 2026 quarter. Its latest quarter marked the 14th consecutive record-revenue quarter, with consolidated revenue of ₹1,707 crore.

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Sept 10 (Reuters) - BSE Ltd BSEL.NS:

• BSE - SHAREHOLDING IN INDIA INTERNATIONAL BULLION HOLDING IFSC INCREASED FROM EXISTING 3.33% TO 5.54%

• BSE - ACQUIRED EQUITY SHARES IN IIBH BY SUBSCRIBING TO RIGHTS ISSUE FOR 92.8 MILLION RUPEES

Source text: ID:nnAZN4TJH1Z

Further company coverage: BSEL.NS

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** Bernstein starts coverage of Multi Commodity Exchange of India MCEI.NS at "outperform" and BSE BSEL.NS at "underperform", citing two contrasting stories of inflation for MCEI and normalization for BSEL

** MCEI price target set at 3830, an implied upside of 14.6% and BSEL PT at 2820, potential downside of 16.9% over its last close

** Says equity derivatives led the retail participation wave for BSEL, which is likely to face moderation with market share gains peaking in the financial year 2027

** The best is behind for BSEL, Bernstein says, adds that regulatory measures in equity derivatives and moderation in volumes will limit profit growth

** Bernstein prefers MCEI over BSEL, saying it sees exceptional growth momentum in contracts traded

** Sees gains for MCEI from higher future gold prices, an upside risk from global macro

** Views the SEBI consultation paper on FPI participation in non-agri commodity derivatives as a "win for MCEI"

** MCEI rises 51.2% and BSEL up 24.7% in 2026 so far, according to exchange data

(Reporting by Bharath Rajeswaran in Bengaluru)

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** India's market regulator's new bank guarantee (BG) norms and the closing auction session (CAS) are creating headwinds for BSE's BSEL.NS growth trajectory, Centrum Institutional Research says

** Higher securities transaction tax on options premiums adds further pressure, the brokerage adds

** BSE's premium index-options average daily turnover falls to 187 billion rupees ($1.98 billion) in August, from 254 billion rupees in July and 262 billion rupees in June

** Centrum cuts its FY2027–FY2029 profit-after-tax estimates by 2%–6%; lowers BSE's price target to 3,580 rupees from 3,940 rupees, implying a modest 5% upside, and reiterates its "neutral" rating

** SEBI's indication last week to review derivatives settlement-price methodology after the CAS rollout is a positive, Centrum says

** BSE can partly cushion volume pressure by raising option tariffs from 325 rupees per 1 million rupees of premium turnover, compared to NSE's 350 rupees

** New sector-specific derivatives and greater corporate-services monetisation could help, Centrum says

** BSE's shares are down 6.5% since CAS launched on August 3

($1 = 94.4800 Indian rupees)

(Reporting by Bharath Rajeswaran in Bengaluru)

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** Jefferies says India's August 2026 introduction of the closing auction session disrupts equity-options activity, with negative implications for BSE BSEL.NS and Groww BILO.NS

** BSEL and BILO down 12.7% and 3.5% since the introduction of CAS

** CAS replaces the earlier volume-weighted average pricing with an end-of-day auction, heightening closing volatility, especially on expiry days

** Auction pools remain shallow at about 1% of cash average daily traded value, amplifying uncertainty, Jefferies says

** Adds, this deters option writers and proprietary traders, lowering participation and profitability

** Industry index-options premium average daily traded value falls 20% month-on-month to 539 billion rupees in August, the lowest since February 2025

** Option contracts decline 30%, while cash contracts fall 11%

** BSE's options average daily traded value drops 26%, and Groww's equity-derivatives premium turnover falls 24%

** Jefferies suggests separating expiry from CAS, improving securities lending and borrowing, and deepening auction liquidity over time may help address challenges

(Reporting by Bharath Rajeswaran in Bengaluru)

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Aug 20 (Reuters) - FTSE Russell said on Thursday that India's BSE BSEL.NS has met the criteria to be an eligible exchange for its equity indices, paving the way for BSE-listed stocks to be considered for index inclusion and potentially attracting passive fund flows.

• Stocks listed on BSE's main board will be assessed for index eligibility from FTSE's March 2027 review, the index provider said.

• Any stocks listing on the BSE main board through initial public offerings will also be eligible for fast-track screening, it added.

• If a company is listed on both the BSE and the NSE and passes liquidity tests on both exchanges, the NSE-listed security will be selected for index eligibility as the exchange has more international institutional investor participation, FTSE Russell said.

• NSE-listed stocks are already eligible for inclusion in FTSE Russell indices.

• The NSE earlier this month said it would add BSE to its benchmark Nifty 50 .NSEI index, effective September, which analysts at Nuvama said could bring in $695 million of inflows for BSE.

(Reporting by Chris Thomas in Mexico City; Editing by Diti Pujara)

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BSE entered into an agreement with MSCI to explore the launch of futures and options contracts in India linked to MSCI indexes, subject to regulatory approvals. The indexes were linked to more than USD 21 trillion in assets under management as of 31 December 2025. BSE launched focused IT index derivatives in the first quarter of FY27 and completed three expiry cycles. Its revenue was about ₹4,900 crore in FY26, while transaction charges were ₹1,328 crore in the first quarter of FY27.

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Aug 19 (Reuters) -

• BSE TO EXPLORE LAUNCH OF DERIVATIVES IN INDIA LINKED TO MSCI INDEXES - STATEMENT

• BSE WILL EXPLORE THE LAUNCH OF FUTURES AND OPTIONS CONTRACTS IN INDIA LINKED TO MSCI INDEXES - STATEMENT

Further company coverage: BSEL.NS

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** India's stock exchange BSE BSEL.NS down 4.8% at a four-month low of 3,282.9 rupees per share

** Set for fourth consecutive session of losses

** Jefferies downgrades BSEL to "Underperform" from "Hold", cuts PT by 16.5% to 2,940 rupees

** "BSE's revenues from domestic prop traders could be at risk due to headwinds from (Securities Transactions Tax hike), RBI bank guarantee norms and (new) closing auction session," brokerage firm says

** Jefferies highlights that prop traders account for 50-60% of equity options notional turnover, with domestic prop

traders likely accounting for half of the turnover

** RBI has tightened bank lending norms for prop traders, while the new closing method for stocks is leading to higher losses for these traders, as per Jefferies

** More than 4.1 million BSEL shares change hands, ~1.3x of 30-day average daily volume

** Stock rated "Buy" on average by 16 brokerage firms, median PT at 3,950 rupees, per data compiled by LSEG

** YTD, stock up 25.6%

(Reporting by Vivek Kumar M)

(([email protected];))

** Nuvama says NSE's September 2026 index reshuffle was largely in line with its expectations, with the changes scheduled to take effect on September 29

** Exchange operator BSE BSEL.NS to replace IT major Wipro WIPR.NS on the Nifty 50 .NSEI index as part of the rejig

** Nuvama estimates BSE could attract about $695 million of inflows from Nifty 50 inclusion

** BSEL down 1% on Tuesday after gaining 4% in the previous session

** Nifty rejig to result in net outflows worth $149 million for WIPR after Nifty Next 50 inclusion, Nuvama says

** WIPR down 0.2% after dropping 1% in the previous session

** YTD, BSEL up 35.3% while WIPR down ~30%

(Reporting by Kashish Tandon in Bengaluru)

(([email protected]))

Adds details throughout

Aug 10 (Reuters) - National Stock Exchange of India NSEI.NS said on Monday exchange operator BSE BSEL.NS will replace information technology company Wipro WIPR.NS in its benchmark Nifty 50 .NSEI index effective September 30.

BSE has been added to the Nifty 50 as its six-month average free-float market capitalization was at least 1.5 times that of the index's smallest constituent Wipro, NSE said.

The change was announced as part of a semi-annual index review by the NSE.

The rejig comes as investors weigh AI-related risks to Indian IT service exporters and Indian households continue to move more of their savings into financial markets.

Changes to the Nifty 50 are closely watched as passive funds with about $97 billion of assets under management track the 50-stock index as of May 31, according to NSE data.

The index represents the 50 biggest companies in India based on average free-float market capitalization in the past six months, with trading liquidity criteria also applied before inclusion.

BSE's shares closed 4% higher earlier in the day, taking its gains so far in 2026 to around 37%. In contrast, Bengaluru-based Wipro fell 1.1% on Monday and is down 29.5% for the year.

(Reporting by Vivek Kumar M and Nishit Navin; Editing by Ronojoy Mazumdar)

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Aug 4 (Reuters) - BSE Ltd BSEL.NS:

• BSE LTD JUNE-QUARTER CONSOL NET PROFIT 8.74 BILLION RUPEES

• BSE LTD JUNE-QUARTER CONSOL REVENUE FROM OPERATIONS 15.66 BILLION RUPEES

• BSE LTD - TO ACQUIRE ADDITIONAL STAKE IN INDIA INTERNATIONAL BULLION HOLDING TO RAISE SHAREHOLDING TO 20%

Source text: [ID:]

Further company coverage: BSEL.NS

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The author is a Reuters Breakingviews columnist. The opinions expressed are her own.

By Shritama Bose

MUMBAI, June 29 (Reuters Breakingviews) - The world's top venue for trading in equity options by volume is treading carefully with its own listing plans. India's National Stock Exchange may seek a $52 billion market capitalisation in its Mumbai initial public offering. After a decade of delays to its debut, accepting a valuation discount to rival BSE BSEL.NS, formerly Bombay Stock Exchange, is a prudent hedge against regulators tightening rules to curb retail losses and their push to loosen the bourse's dominance.

Founded in 1992, NSE executes equity options contracts worth 142 trillion rupees ($1.5 trillion) in turnover annually, thanks to the rapid uptake of trading by retail investors following the Covid pandemic. NSE controls three-fourths of that lucrative trade. A listing will also yield a windfall for its long-time backers like Temasek and State Bank of India SBI.NS.

They and CEO Ashishkumar Chauhan, who took the role in 2022 after 10 years leading BSE, all appear determined to ensure a deal is done. Assume NSE's earnings of 103 billion rupees increase 34% for the year to the end of March - the same pace of earnings growth Visible Alpha estimates for BSE - and the $52 billion market capitalisation works out to 36 times earnings, compared to BSE's 49 times multiple.

Both exchanges are exposed to a potential plunge in trading volumes, with each generating roughly 60% of its top line from derivatives. The official crackdown, which last year temporarily banned high frequency trader Jane Street, also saw authorities increase minimum contract sizes, implement a ban on lending to high-frequency traders and impose higher taxes on derivatives transactions. If retail investors' chunky losses continue, more restrictions could follow.

NSE's sheer outsize influence is seen as a problem too. Its market share in options trading has tumbled to 75% from 97% two years ago, when the regulator began tightening control over the number and frequency of contracts the exchanges can offer. As a result, NSE's bottom line fell 16% in the most recent financial year even as BSE's grew 88%. Another reason for Chauhan to accept a discount is simply that BSE's scarcity premium will disappear. All that makes selling cheap an imperative more than an option.

Follow Shritama Bose on LinkedIn and X.

CONTEXT NEWS

India's National Stock Exchange will sell up to 149 million shares, 6% of its total outstanding, in a Mumbai initial public offering, the bourse said in a draft prospectus filed on June 17.

State Bank of India, a Morgan Stanley affiliate, Canada Pension Plan Investment Board and Temasek are among existing shareholders who will offer shares in the issue.

A record 20 bookrunning lead managers are advising the issue, led by Kotak Mahindra and JM Financial.

(Editing by Una Galani; Production by Aditya Srivastav)

((For previous columns by the author, Reuters customers can click on BOSE/[email protected]))

MUMBAI, June 17 (Reuters) - The National Stock Exchange of India (NSE) filed draft papers on Wednesday for an initial public offering, in what will be one of two mega IPOs in the country this year alongside Mukesh Ambani's Reliance Jio.

NSE, India's largest bourse and the world's most active derivatives exchange, has been trying to list since 2016 when it first submitted IPO papers with the markets regulator that were stalled due to an ongoing regulatory enquiry.

Rival exchange BSE Ltd BSEL.NS was listed in 2017.

(Reporting by Jayshree P Upadhyay in Mumbai and Hyunsu Yim in Barcelona; Editing by Anil D'Silva)

(([email protected]; 9920092491; Reuters Messaging: Twitter: @jaysh88))

** Exchange operators BSE BSEL.NS and Multi Commodity Exchange of India (MCX) MCEI.NS shares down 4.4% and 3.8%, respectively

** Brokerage firm Angel One ANGO.NS drops 3%

** Central bank to go ahead with stricter rules on bank lending for proprietary trading, RBI governor says

** "The impact on proprietary trading - where firms trade using their own money - is the most severe; banks are prohibited from directly funding these trades, and any guarantee issued must be fully secured by cash or government bonds," HDFC Securities had said in a note

** BSEL, ANGO and MCEI rated "buy" on average by analysts, per data compiled by LSEG

** YTD, BSEL, ANGO and MCEI up 47.6%, 39.5% and 25%, respectively

(Reporting by Vivek Kumar M)

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June 4 (Reuters) - BSE Ltd BSEL.NS:

• INDIA'S BSE TO HOLD MOCK TRADING ON JUNE 6 ACROSS ALL SEGMENTS

Further company coverage: BSEL.NS

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May 29 (Reuters) - BSE Ltd BSEL.NS:

• INDIA'S BSE TO CONDUCT MOCK TRADING ON MAY 30 FOR CURRENCY, COMMODITY, EQUITY DERIVATIVES AND EQUITY SEGMENT

Source text: [ID:]

Further company coverage: BSEL.NS

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May 22 (Reuters) - India's Ambuja Cements, Tube Investments Of India, Colgate Palmolive Dropped From Bse 100 Index .BSE100:

• INDIA'S ASHOK LEYLAND, PAYTM AND CG POWER AND INDUSTRIAL SOLUTIONS ADDED TO BSE 100 INDEX - BSE

• BSE

• BSE INDICES REJIG TO BE EFFECTIVE AT THE OPEN OF JUNE 22, 2026 - BSE

• BSE INDICES REJIG TO BE EFFECTIVE AT THE OPEN OF JUNE 22, 2026 - BSE

Source text: [ID:]

Further company coverage: .BSE100

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May 7 (Reuters) - BSE Ltd BSEL.NS:

• BSE LTD MARCH-QUARTER CONSOL NET PROFIT 7.97 BILLION RUPEES

• BSE LTD MARCH-QUARTER CONSOL REVENUE FROM OPERATIONS 15.64 BILLION RUPEES

• BSE LTD - DIVIDEND 10 RUPEES PER SHARE

Further company coverage: BSEL.NS

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April 10 (Reuters) - BSE Ltd BSEL.NS:

• BSE- MOCK TRADING ON APRIL 11 FOR EQUITY, CURRENCY, COMMODITY DERIVATIVES, ELECTRONIC GOLD RECEIPTS, EQUITY SEGMENTS

Further company coverage: BSEL.NS

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April 9 (Reuters) - BSE Ltd BSEL.NS:

• BSE LTD - RECEIVES SEBI APPROVAL TO LAUNCH DERIVATIVE CONTRACTS ON BSE FOCUSED IT INDEX

• BSE LTD - FOCUSED IT INDEX MEASURES PERFORMANCE OF 14 IT SECTOR COMPANIES

Source text: ID:nNSE59YKWw

Further company coverage: BSEL.NS

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** Shares of stock exchange operator BSE BSEL.NS rise as much as 8.06% to 2899.9 rupees, their highest intraday percentage climb in two months

** Stock up after the Reserve Bank of India deferred the implementation of rules for banks' exposure to capital markets until July 1

** The rules were initially due to be effective from April 1

** BSE is likely to benefit from the RBI's deferral as it gives brokers and proprietary traders more time to adapt, says Jefferies

** Adds that deferral allows continued use and renewal of bank guarantees for up to a year by brokers and traders, which in turn eases funding and collateral pressures and supports trading activity on the exchange

** BSE shares up 2% in 2026 so far, exchange data shows

(Reporting by Bharath Rajeswaran in Bengaluru)

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March 5 (Reuters) - BSE Ltd BSEL.NS:

• TO CONDUCT MOCK TRADING FOR EQUITY, EQUITY DERIVATIVES, CURRENCY DERIVATIVES, COMMODITY DERIVATIVES SEGMENTS ON MARCH 7

Source text: [ID:]

Further company coverage: BSEL.NS

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March 4 (Reuters) - BSE Ltd BSEL.NS:

• RECEIVES SEBI APPROVAL TO LAUNCH DERIVATIVES ON SENSEX NEXT 30 INDEX

Source text: ID:nNSEhWqXB

Further company coverage: BSEL.NS

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** Exchange operator BSE's shares BSEL.NS fall 3.1%, while Angel One ANGO.NS, Nuvama Wealth NUVA.NS, Nippon Life NIPF.NS and 360 One Wam ONEW.NS slide 1%-4.5%

** Drop follows comments from NSE's managing director and CEO Ashish Chauhan at a Thursday event that regulators and exchanges will keep tightening rules to curb excessive speculation in high-risk futures and options

** Chauhan said India could adopt minimum eligibility norms for derivatives, like Singapore and the U.S., using suitability checks and financial thresholds

** It's high time India put similar measures in place so the lower strata of society is not left bleeding money in derivatives, Chauhan said

** Earlier this month, the central bank proposed rule changes that prohibit banks from lending for proprietary trading, while the government raised transaction taxes on derivatives in the union budget on Feb 1

** India's markets regulator has also rolled out multiple steps recently to cool the explosive growth in equity derivatives, where 90% of retail investors incur losses, according to an official study

(Reporting by Bharath Rajeswaran in Bengaluru)

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Feb 20 (Reuters) - BSE Ltd BSEL.NS:

• MOCK TRADING SESSION FOR EQUITY, EQUITY DERIVATIVES, CURRENCY DERIVATIVES, COMMODITY DERIVATIVES SEGMENTS ON SATURDAY

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Feb 16 (Reuters) - Shares of Indian bourse BSE BSEL.NS and brokerages dropped between 2% and 9.5% on Monday, after the country's central bank tightened norms for bank lending to stock brokers and other market intermediaries.

On Friday, the Reserve Bank of India issued revised norms on banks' lending to capital market participants, including higher collateral requirements for bank guarantees and a ban on lending for proprietary trading by brokers.

Jefferies said it sees BSE most affected by the new regulations on proprietary trading, which could result in a 10% earnings impact on the exchange operator.

(Reporting by Nandan Mandayam in Bengaluru; Editing by Rashmi Aich)

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Feb 13 (Reuters) - BSE Ltd BSEL.NS:

• BSE- GETS APPROVAL FROM SEBI TO LAUNCH DERIVATIVE CONTRACTS ON BSE FOCUSED MIDCAP INDEX

Source text: [ID:]

Further company coverage: BSEL.NS

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** Shares of BSE BSEL.NS jump 6.2% to 3,169.70 rupees, set to gain for the third straight session

** Exchange operator's third-quarter consolidated net profit surges to 6.02 billion rupees ($66.4 million) from 2.2 billion rupees a year ago

** Q3 consol revenue jumps 62% Y/Y to 12.44 bln rupees

** Brokerage Jefferies says BSE's options market share has increased above 30% in December and continued to grow in January

** "While market share gains remain a key short-term growth driver, lack of clarity on new products could become a growth challenge post FY29," Jefferies says

** Nuvama raises PT to 3,760 rupees from 3,130 rupees

** Trading vols 1.1x the 30-day average at 5.1 million shares

** BSEL rose 48% in 2025

($1 = 90.6925 Indian rupees)

(Reporting by Vijay Malkar)

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Feb 9 (Reuters) - BSE Ltd BSEL.NS:

• BSE LTD - DEC-QUARTER CONSOL NET PROFIT 6.02 BILLION RUPEES

• BSE LTD - DEC-QUARTER CONSOL REVENUE FROM OPERATIONS 12.44 BILLION RUPEES

Source text: ID:nNSE8TN38s

Further company coverage: BSEL.NS

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