BSE Shares Fall 4% as Nuvama Cuts Target Price Amid NSE’s Expiry Day Shift
🔻 BSE stock dropped 4% on March 10 after Nuvama slashed its target price from ₹7,250 to ₹5,160 per share while maintaining a ‘Buy’ rating.
📉 As of 12:30 PM, BSE shares were trading at ₹4,019.45, down 3.8%.
🔍 Why the downgrade?
Nuvama cited concerns over NSE’s recent move to shift expiry day from Thursday to Monday, which may reduce trading volumes, particularly for retail investors. NSE’s new expiry now falls one day before BSE’s Tuesday expiry, potentially impacting market participation.
📊 Stock Performance:
- BSE shares have dropped 32% from their recent high of ₹6,133.40.
- Market sentiment remains cautious amid shifting trading dynamics.
💡 Will BSE recover from this correction? Stay tuned for more updates! 🚀
