Bse Ltd News Today

BSE Ltd's share price on Monday declines over 17 per cent after a SEBI order; this marks the biggest single-day fall since listing

"There are still areas that look good value, but generally, it's outside of the U.S.," says Steven Glass of Pella Funds Management.

Sensex rose 363 points while the Nifty closed at 22,462. Buying was seen in realty, metal, telecom and utilities while auto and consumer durables stock saw some selling pressure.

The BSE stock is up 86 per cent in the last six months, led by market share gains, and it is currently trading at a PE of 38 times its FY25 and 30 times its FY26 earnings per share against a 5-year average 1 year forward PE of 21 times.

JPMorgan maintained an overweight rating on Tata Motors with a target price of Rs 925. JLR wholesales improved, and the mix remains strong.

Also, Elara Capital recommended a buy on L&T and HDFC Securities Institutional Research has a buy on Sai Silks (Kalamandir).

The Nifty 50 and Sensex ended with 0.2% cuts each, at 19694 points and 65655.15 points, respectively.

BSE Ltd. key Products/Revenue Segments include Fees & Other Charges for the year ending 31-Mar-2022.

SEBI and the top Indian exchanges, the National Stock Exchange of India Ltd (NSE) and BSE Ltd, did not respond to e-mails from Reuters.

Shares of BSE have rallied 270% this year, trouncing global platforms such as cryptocurrency major Coinbase Global Inc. and Cboe Global Markets Inc., as well as the countrys Multi Commodity Exchange of India Ltd. The rally was partly driven by BSE relaunching derivative contracts on the benchmark Sensex and the banking sector gauge in May this year, attracting investors with reduced lot sizes and a new expiry cycle.