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BSE rises 7% to new high as ceasefire boosts sentiment

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Amid a boosted investor sentiment and a surge in trade volumes after a pause in hostilities between India and Pakistan, shares of BSE Ltd today rose 7.22% on Monday to their new all-time high of Rs 7,047 on the NSE.

At 9:50 am, the total traded value of the stock stood at Rs 972.87 crore, with a total traded volume of 13.91 lakh shares. The total market capitalisation of the company stood at Rs 95,007.13 crore.

The surge in the stock came along with a rise in Indian benchmark indices Sensex and Nifty50, which rallied in early trade on Monday following a weekend announcement of a temporary "pause" in hostilities with Pakistan.

However, it should be noted that these gains could be short-lived if border tensions reignite.

The ceasefire between India and Pakistan remained intact on Sunday following intense overnight clashes between the nuclear-armed neighbours. This resulted in a positive sentiment in the Indian markets today.

The conflict, the most severe in nearly three decades, erupted on Wednesday when India launched strikes on nine terror sites in Pakistan in response to a prior attack in Kashmir that claimed 26 lives.

Also read: Yes Bank rallies 9% after SMBC inks Rs 13,483 crore deal for 20% stake

BSE share price performance
Trendlyne data shows that over the past year, the shares of BSE surged by 163.77%, significantly outpacing the Nifty50, which gained 8.85%. In the last six months, BSE climbed 51.2%; over the three months, BSE shares advanced 34.76%. For the one-month duration, BSE posted a gain of 23.83%.

BSE Q4 results
For the March quarter of FY25, BSE’s net profit increased 362% year-on-year (YoY) to Rs 494 crore. Revenue from operations, on the other hand, jumped 75% YoY to Rs 847 crore.

BSE dividend record date
The company’s board has proposed a Rs 5 special dividend to mark BSE’s 150th anniversary, along with a regular dividend of Rs 18 per share, bringing the total payout to Rs 23 per share.

The record date to determine shareholder eligibility has been fixed as May 14.

(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)
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