BSE soars over 13% to hit new high on raising transaction charges for equity derivatives
BSE surged over 13 percent to hit their all-time high after the exchange raised transaction charges for trades in the equity derivatives segment with effect from November 1, 2023. These changes will primarily be levied on S&P BSE Sensex Options, particularly the nearest or immediate expiry contracts. The new transaction fee structure is based on the incremental billable monthly turnover (premium value), informed the exchange.
The stock surged as much as 13.2 percent to its record high of ₹1,798 in intra-day deals today. It has now soared over 342 percent from its 52-week low of ₹406.20, hit in March 2023. The stock has given multibagger returns for the last 1 year as well as for 2023 YTD, surging 172 percent and 216 percent, respectively.
Under the revised structure, ₹500 per crore will be charged for transactions with turnover up to ₹3 crore. Meanwhile, ₹3,750 per crore will be charged for transactions with turnover over ₹3 crore and up to ₹100 crore. Furthermore, ₹3,500 per crore will be charged for transactions with turnover between ₹100 crore and ₹750 crore; ₹3,000 per crore for transactions with turnover between ₹750 crore and ₹1,500 crore; ₹2,500 per crore for transactions with turnover between ₹1,500 crore and ₹2,000 crore; and for transactions with turnovers of over ₹2,000 crore, the fee charged will be ₹2,000 per crore.
While NSE has always charged a maximum of ₹5000 per crore of premium, BSE has now increased its slab to a maximum of ₹3,750 per crore of premium. BSE, which holds a modest 4.2 percent market share in the derivatives segment, recently hiked its transaction charges. This move is dual-faceted: it can deter some traders due to increased costs, especially those with lean margins, but simultaneously,
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