BSE, Angel One Gain as SEBI Clarifies No Link Between Options and Cash Market Holdings

Market Performance

Capital market stocks showed a sharp recovery on July 9, gaining up to 2.5%, after SEBI issued a clarification regarding regulatory changes that were being speculated in the media.

At 9:50 AM, BSE shares were up by 2.5%, trading at ₹2,541 apiece on the NSE.

Other capital market stocks also saw an uptick:

• Angel One: Up 1.29%
• Anand Rathi: Up 1%
• CDSL: Up 0.7%
• Motilal Oswal Financial Services: Up 0.6%

These gains came after the stocks were under pressure in the previous trading session.

Main News

The surge in stocks followed SEBI's clarification on July 8 that there is no ongoing proposal to link options exposure with cash market holdings.

In an official statement shared on X (previously known as Twitter), SEBI clarified:

"No such proposal is currently under consideration. As ever, SEBI will follow due process, including transparent and public consultation around any proposed changes."

This clarification followed a news report that had hinted at possible regulatory changes, which initially caused market anxiety.

Company Details

BSE (Bombay Stock Exchange), Angel One, and other capital market-linked stocks are directly impacted by regulatory moves from SEBI due to their operational exposure to the equity derivatives segment.

These companies reacted positively after the regulator's public stance removed speculation regarding leverage norms, offering temporary relief to investors.

Additional Insights

A recent study released by SEBI revealed that 91% of individual traders faced losses in the equity derivatives market in FY2025.

This data highlights the growing concerns around retail participation in options trading, prompting SEBI to assess various mechanisms for investor protection.

Summary

• BSE and Angel One shares rose on July 9 following SEBI's clarification on options exposure rules.
• SEBI confirmed that no new rule linking options leverage to cash positions is under discussion.
• Market sentiment improved as investors welcomed the transparency in SEBI's regulatory approach.
• The clarification helped stocks like CDSL, Motilal Oswal, and Anand Rathi recover marginally.