BSE shares zoom 13% to fresh high on increase in transaction charges for derivatives

Shares of BSE on Monday rallied up to 13% to a fresh 52-week high of Rs 1,789.90 on NSE after the stock exchange announced an increase in transaction charges in the equity derivatives segment.

In a notice last Friday, BSE said with effect from November 1, the transaction charges structure for the equity derivatives segment will be revised with effect from November 1 for Sensex options with nearest and immediate expiry.

Under the new rules, transaction charges for incremental billable monthly turnover or premium value up to Rs 3 crore would be Rs 500. For premium value of more than Rs 3 crore up to Rs 100 crore, the charges will be Rs 3,750.

Turnovers ranging from more than Rs 100 crore to Rs 750 crore will incur Rs 3,500 per crore charges. Transactions with turnovers between more than Rs 750 crore and Rs 1,500 crore will have charges of Rs 3,000 per crore.

For turnovers exceeding Rs 1,500 crore up to Rs 2,000 crore, the charges will be Rs 2,500 per crore. Turnovers above Rs 2,000 crore will be charged at Rs 2,000 per crore.

The hike comes after tasting success in re-foray into the derivatives segment. From nearly zero in June 2023, the active clients on BSE’s derivatives platform have reached 400,000.

“BSE has witnessed success with the Sensex contract in the much larger equity derivatives segment, dominated by NSE. The Sensex contract is currently catering to about 40 per cent of NSE’s derivatives volume (Nifty) but with the launch of the Bankex contract, BSE will address about 95 per cent of NSE’s derivative volume. With a single contract, the exchange has reached about a 9/3 per cent notional/premium market share, which is impressive,” HDFC Securities said.(You can now subscribe to our ETMarkets WhatsApp channel)

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