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BSE‘s share price was tanking on Wednesday morning extending losses to the second straight session. The stock slumped around 5% to hit an intraday low of ₹4,500.
What Happened: Jefferies has downgraded its rating on BSE to “underperform” from “hold”, following a recent surge in the stock, fuelled by hopes of market share gains. The global research firm has raised its price target on the stock to ₹3,500 from ₹2,850.
This recent optimism has stemmed from the anticipation that SEBI’s new futures and options (F&O) measures, starting in November, could tighten the index derivatives market over the next three to six months,... Continue reading the full story on Benzinga