SEBI Chief's Stance on Weekly Options Sparks BSE and Angel One Share Recovery

SEBI Chairman Tuhin Kanta Pandey's recent comments on weekly options expiry provisions have triggered a notable market response, particularly affecting BSE and Angel One shares. Speaking at the Business Standard BFSI Summit, Pandey addressed the ongoing debate surrounding these financial instruments.

Key Points from SEBI Chairman's Address

Weekly options expiry provisions cannot be abruptly terminated due to their widespread use among market participants.
The regulatory body is focused on finding an appropriate approach for derivatives markets.
Some regulatory measures are yet to be implemented.

Market Impact

Pandey's remarks had an immediate effect on the stock market:

Company	Intraday Movement	Closing Price	% Change	YTD Performance
BSE	Recovered from 5% fall	2,415.10	-1.10	34.00
Angel One	Recovered from 5% fall	2,481.90	-1.20	-18.00

Future Outlook

The market regulator has outlined its next steps:

Plan to review derivative data from July to September.
No immediate changes to weekly expiries are planned.
Further actions will depend on the presence of unusual trading activity in the data.

This development highlights the delicate balance SEBI must maintain between market dynamics and regulatory oversight. The recovery in BSE and Angel One shares, despite closing lower, suggests that investors found some reassurance in Pandey's measured approach to potential regulatory changes.

As the situation evolves, market participants will likely keep a close eye on SEBI's upcoming data review and any subsequent regulatory decisions that may impact the derivatives market.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
+1.48%	+0.16%	+21.51%	+16.95%	+66.54%	+4,536.24%

BSE shares have witnessed a remarkable 15% gain over the past month, rebounding from earlier pressures caused by speculation about potential changes to weekly options expiry rules. The stock demonstrated strong performance, jumping nearly 2% to Rs 2,533.70 before settling at Rs 2,486.50 at the close of trading.

Market Concerns Alleviated

The recent rally in BSE shares can be attributed to easing market concerns following reports that no immediate regulatory changes are planned for weekly options expiry. This news has helped alleviate fears that had previously threatened derivatives volumes and exchange revenues.

Technical Indicators and Analyst Outlook

Technical indicators are showing bullish momentum for BSE shares:

Indicator	Status
Trading Position	Above all major moving averages
RSI	66.90

Analysts are optimistic about the stock's potential, with projections suggesting possible upside toward the Rs 2,720-2,850 range. However, key resistance levels are noted at Rs 2,580-2,600.

BSE Fundamentals

BSE maintains strong fundamentals, which contribute to its attractive position in the market:

Fundamental Factor	Status
Debt	Zero
Cash Flows	Healthy
Return Ratios	Robust

Broader Market Context

The rally in BSE shares coincides with broader market strength, as evidenced by the Sensex reaching 85,272.40. This overall market positivity is supported by optimism surrounding India-U.S. trade negotiations, which could potentially reduce tariffs on Indian exports from 50% to 15-16%.

Investors and market participants are advised to keep a close watch on BSE's performance and any developments in the regulatory landscape that may impact weekly options expiry rules.