BSE shares fall 4% following ASM framework inclusion
BSE shares slid over 4% on Wednesday after the stock was put under extra surveillance by the exchange. This move came because of wild price swings and heavy trading, with the goal of keeping things stable and protecting investors from risky volatility.
What are the new rules for BSE stock?
Now, if you want to trade BSE shares, you'll need to put up a full 100% margin and deal with limits on intraday trading volumes and positions. These tougher rules are meant to slow down speculation and keep the market fair when stocks start acting out of the ordinary.
BSE shares have tanked after a steep rally
BSE had actually soared 140% since March, thanks in part to hype around derivatives trading and buzz about rival NSE's possible IPO. But this week's selloff didn't just hit BSE—other finance stocks like MCX and CDSL also took a dip.
BSE shares are still expensive
Even with this drop, BSE shares remain expensive—trading at more than 36 times their expected earnings. That says a lot about recent investor excitement and how much faith people still have in its future.