Mumbai, April 1
Goldman Sachs has projected a positive outlook for BSE Limited, following a recent proposal by the Securities and Exchange Board of India (SEBI) to restrict index options expiry days to Tuesdays and Thursdays.
This regulatory change is expected to benefit BSE by strengthening its market position and reducing concentration risk in the segment.
SEBI published its consultation paper on March 27, outlining plans to space out expiry days for index options.
The move aims to improve product differentiation and limit market concentration, which could work in BSE’s favour.
According to Goldman Sachs analysts, the proposal comes at a crucial time for BSE.
“Previously, the exchange had faced challenges due to SEBI’s limits on options open interest, which had impacted its market share,” the brokerage noted.
It added that however, with the new regulatory framework, BSE is now expected to see a rise in its index options market share.
Data shows that BSE's index options premium market share has grown significantly, rising from 16 per cent in December 2024 to 21 per cent year-to-date (YTD).