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.
Shares of 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.
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Shares of BSE Ltd. hit record high on Friday after the exchange increased its buyback offer price by Rs 264 apiece and set Sept. 14 as the record date for determining the eligible shareholders for the buyback.
The buyback offer price was raised to Rs 1,080 from Rs 816 per equity share. The total size of the buyback is Rs 374.8 crore, as per its exchange filing on NSE.