Shares of the Bombay Stock Exchange (BSE) rose sharply on Thursday, closing 8.61% higher at Rs 2,666.90 on the NSE, despite broader market weakness. The rally came after supportive comments from Finance Minister Nirmala Sitharaman and SEBI Chairman Tuhin Kanta Pandey on futures and options (F&O) trading.
The Nifty Capital Markets index also gained nearly 3% to 4,629, driven by strong buying in exchange and brokerage stocks. Other market-linked companies followed the trend—KFin Tech jumped 3.8%, CDSL rose 3.4%, Angel One gained 3.36%, and MCX and Motilal Oswal Financial Services increased by 2.2% and 1.7%, respectively.
The surge was triggered by SEBI Chairman Pandey’s remarks at the CNBC-TV18 Global Leadership Summit. He said the regulator’s review of the F&O segment would be “calibrated and data-based” and would not lead to sudden curbs. “The current certainty is that weekly F&O is on and it is working,” Pandey added. His assurance reassured investors that SEBI would not impose abrupt restrictions on derivatives trading, which is a major revenue source for exchanges and brokers.
Finance Minister Sitharaman had made similar remarks a day earlier, stating the government had no plans to “shut the door on futures and options trading.” She emphasized removing roadblocks and promoting financial literacy to encourage responsible participation in derivatives markets. Her comments eased fears that the government and regulators might tighten rules on weekly F&O contracts.
Analysts said these statements boosted market confidence, especially in exchanges and brokerage stocks. Strong retail participation in recent IPOs, like Groww—which was subscribed nine times overall—also contributed to optimism.
Even in a weak market session, BSE, MCX, and other financial intermediaries became the top gainers. Experts believe the combination of supportive policy signals and steady regulatory approach has restored faith in India’s derivatives and capital markets.
The rally shows that clear communication from regulators and the government can strengthen investor confidence and protect market stability, even amid broader market volatility.
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