The Bombay Stock Exchange (BSE) shares recently hit an all-time high, driven by strong quarterly financial results and a bullish outlook on Indian equities. BSE’s share price soared past ₹2,272, marking a significant milestone fueled by a 54% year-on-year revenue growth in the September quarter. The company reported a remarkable profit after tax of ₹120.5 crore, a threefold increase compared to the same period last year【38】.
A key factor in this surge has been the broader market’s rally. The BSE Sensex reached a new peak of 83,774 points following a 50-basis-point interest rate cut by the U.S. Federal Reserve, which is expected to boost foreign investments into Indian markets. Analysts speculate that the Sensex could rally further, potentially crossing the 90,000 mark by December 2024【39】.
Moreover, domestic institutional investors (DIIs) have increased their stakes in BSE, reflecting growing confidence in its future performance. However, foreign institutional investor (FII) holdings saw a slight dip during the same period【38】. Analysts remain optimistic, with many maintaining a “Buy” recommendation, citing positive momentum in the Indian equity market.
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