BSE Share Price Drops 4% After ASM Framework Inclusion – Key Details

Market Performance

BSE shares witnessed a sharp decline of over 4% on Wednesday, marking their most significant single-day drop in three weeks. The stock was placed under the Additional Surveillance Measure (ASM) framework, leading to heightened trading restrictions.

• Intraday low: ₹2,871.30 (down 4.46%)
• Slight recovery to ₹2,883.10 (still down 4.07%)
• 9-session winning streak snapped after recent rally

Why Did BSE Shares Fall?

The inclusion in the ASM framework was triggered by:

• Unusual price movement
• High trading volumes
• Concentrated client activity

Under ASM, traders are now required to maintain a 100% margin, which reduces speculative activity.

BSE's Recent Rally & Valuation

Despite the drop, BSE shares have surged nearly 130% from March 2024 lows. Key drivers include:

• Intense activity in equity derivatives
• Market anticipation of NSE's upcoming IPO

Impact on Related Stocks

The sell-off also affected other market-linked stocks:

• MCX down nearly 3%
• CDSL down almost 3%

Summary

• BSE shares fell over 4% after ASM inclusion.
• The stock had rallied 130% from March lows before the drop.
• ASM imposes a 100% margin requirement, curbing speculative trades.
• Related stocks, such as MCX and CDSL, also declined.

This development highlights the volatility in exchange stocks amid regulatory changes and market trends.