BSE, NSE duel soars on options expiry

A move by the market regulator to cut investor losses by cooling the frenzy in options trading on expiry day has had an underwhelming effect on volumes, but has sparked a fresh spate of rivalry between the country's two top stock exchanges.

- Ram Sahgal

MUMBAI:

A look at six-month options premium turnover data shows the country's older exchange, BSE, has outperformed its bigger rival NSE in the six months leading to March 7, compared to the corresponding period in the previous fiscal year, albeit on a lower base.

This has offset the fallout from the curbs introduced by Securities and Exchange Board of India (Sebi)—overall premium turnover has fallen less than 3% in the second half of the current fiscal (October to five sessions of March) from the same period of the previous fiscal.