BSE Ltd Share Price – NSE

Financial Services, Small Cap

BSE will hold a meeting of the Board of Directors of the Company on 8 May 2024.

Powered by Capital Market - Live News

BSE is introducing an optional T+0 settlement cycle for select stocks. This new system, which begins on 28 March 2024, allows participants to choose same-day settlement for trades in 25 designated equities.

The Indian stock market currently operates under a T+1 settlement cycle, meaning trades reflect in investor accounts one business day after execution. The T+0 system promises faster access to funds and potentially reduces settlement risks for participants.

However, the T+0 option is currently available only for a select group of 25 stocks and for trades executed within a specific window – between 9:15 am and 1:30 pm IST. To prevent market disruptions arising from price discrepancies, trades under T+0 will be subject to a price band of 100 basis points above or below the prices observed under the traditional T+1 cycle.

List of T+0 Eligible Stocks: Ambuja Cements, Ashok Leyland, Bajaj Auto, Bank of Baroda, Bharat Petroleum Corporation, Birlasoft, Cipla, Coforge, Divis Laboratories, Hindalco Industries, Indian Hotels Co., JSW Steel, LIC Housing Finance, LTIMindtree, MRF, Nestle India, NMDC, ONGC, Petronet LNG, Samvardhana Motherson International, State Bank of India, Tata Communications, Trent, Union Bank of India, Vedanta.

Powered by Capital Market - Live News

However, revenue from operations increased 18.13% quarter on quarter (QoQ) to Rs 371.53 crore in the qarter ended 31 December 2023.

On YoY basis, the exchange and data platform’s consolidated net profit surged 109.51% while revenue from operations jumped 82.16% during the third quarter of FY24.

Profit before tax stood soared 124.28% year on year (YoY) to Rs 126.83 crore in the quarter ended 31 December 2023.

Operating EBITDA for Q3 FY24 stood at Rs 91.9 crore, 136% up from Rs 39 crore in the corresponding quarter of previous year. Operating EBITDA margin improved to 25% in Q3 FY24 from 19% in Q3 FY23.

The total number of transactions in its mutual fund distribution platform -- BSE StAR MF grew by 60% to 10.9 crore transactions in Q3 FY24 from 6.86 crore corresponding quarter last year.

The average daily turnover in equity cash segment stood at Rs 6,643 crore, as compared to Rs 4,243 crore in the corresponding quarter last year.

Commenting on the results, the MD & CEO of BSE said “2023 has been crucial in laying the foundations for the future growth of BSE. Our efforts are fully on to have a strategic plan in place to complete our presence across the integrated value chain, allowing us to innovate and shape capital markets in line with evolving client needs, and making BSE even stronger to deliver future growth.”

BSE (formerly Bombay Stock Exchange) is Asia's first & the world's fastest Stock Exchange with a speed of 6 microseconds. It provides an efficient and transparent market for trading in equity, debt instruments, equity derivatives, currency derivatives, interest rate derivatives, mutual funds and stock lending and borrowing.

Powered by Capital Market - Live News

Net profit of BSE rose 109.51% to Rs 108.19 crore in the quarter ended December 2023 as against Rs 51.64 crore during the previous quarter ended December 2022. Sales rose 78.50% to Rs 426.10 crore in the quarter ended December 2023 as against Rs 238.71 crore during the previous quarter ended December 2022.

Powered by Capital Market - Live News