BSE share price zooms 18% after NSE defers plan to change weekly expiry day
Shares of BSE skyrocketed 18.15% to an intraday high of Rs 5,534.40 after the National Stock Exchange (NSE) decided to defer its plan to shift the weekly expiry day.
The move, which was earlier scheduled to take effect from April 4, has now been put on hold following a consultation paper released by the Securities and Exchange Board of India (SEBI).
The market regulator has proposed that expiry days for equity derivatives be uniform across exchanges and be limited to either Tuesday or Thursday, aiming to reduce volatility and ensure better predictability for traders.
SEBI has also suggested that exchanges seek prior approval before implementing any such changes in expiry schedules.
This deferment may be seen as a positive development for…
