BSE celebrated its 149th Foundation Day on 10th July 2023 with perhaps much more enthusiasm than in the past couple of decades when it kept losing market share to the new more efficient, tech savvy and corporatized rival NSE.
BSE’s profits remained flat for over a decade. In FY12 it had a bottomline of 205 cr and in FY23 also it reported a bottomline of 206 cr. The reason for this poor show was partly the loss of equity mkt share to NSE (BSE share is 10%, NSE 90%). But a far bigger reason was having nil mkt share in F&O which gives NSE 90% of its topline.
