Market Performance
The BSE share price declined for the third straight session on Friday, with total losses nearing 10% since June 11.
- On Friday, BSE shares fell by 3.67% to hit an intraday low of ₹2,653 on the NSE.
- By 1 PM, the stock trimmed some losses and was trading at ₹2,712.30, down 1.52%.
The consistent drop comes amid sustained selling pressure following regulatory surveillance measures.
Main News
The sharp decline in the BSE share price followed the stock's inclusion under the Additional Surveillance Measure (ASM) framework on Wednesday.
The ASM framework, enforced by stock exchanges, is designed to monitor unusual price movement, high trading volumes, and concentrated client activity to control excessive volatility.
According to a CNBC-TV18 report, the stock now requires 100% margin for trading, as per ASM guidelines.
Company Details
BSE, one of India's oldest stock exchanges, is under regulatory scrutiny due to:
- Sharp price movements
- Unusually high trading volumes
- Client concentration in trades
This has prompted the exchanges to take preemptive steps through ASM classification, impacting the short-term trading activity of the stock.
Sectoral Impact
The drop in BSE share price has had a ripple effect across capital market-related stocks:
- CDSL shares also declined and remained under selling pressure during the session.
- MCX was among its sectoral peers, reflecting a similar movement.
The development has negatively impacted the broader market sentiment toward capital market infrastructure stocks.
Summary
The BSE share price has been under pressure for three consecutive sessions, declining by nearly 10% since June 11.
The inclusion of BSE under the ASM framework, due to its high volatility and trading activity, has raised caution among market participants.
Related stocks, such as CDSL and MCX, also faced selling pressure, highlighting a sector-wide reaction to the regulatory move.
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