BSE Ltd Declines 1.18%: Institutional Interest and Put Option Surge Mark a Mixed Week

23 February 2026: Robust Value Trading Amid Institutional Interest

BSE Ltd began the week with strong market participation, emerging as one of the most actively traded stocks by value. The stock recorded a traded volume of 8,43,920 shares, with a turnover of approximately ₹23,240.97 lakhs. Despite a modest decline of 0.52% to close at Rs.2,725.30, the high liquidity and institutional interest underscored confidence in the stock’s medium- to long-term prospects.

Technically, the stock remained above its 100-day and 200-day moving averages, signalling sustained underlying strength. However, it traded below shorter-term averages, indicating some near-term consolidation. The MarketsMOJO upgrade to a 'Strong Buy' rating further reinforced positive sentiment despite the slight price dip.

24 February 2026: Outperformance Amid Sector and Market Weakness

On 24 February, BSE Ltd demonstrated resilience by gaining 0.95% to close at Rs.2,751.10, outperforming the capital markets sector which declined 0.86%, and the Sensex which fell 0.78%. The stock’s traded volume was 5,36,085 shares with a value turnover of ₹14,658.12 lakhs, reflecting continued institutional demand.

Despite the strong price performance, delivery volumes declined by over 50%, suggesting a shift towards intraday trading and speculative activity. The stock’s position above long-term moving averages remained intact, though it continued to trade below short-term averages, indicating cautious investor sentiment.

25 February 2026: Renewed Confidence Drives Further Gains

BSE Ltd continued its upward momentum on 25 February, closing at Rs.2,772.70, up 0.79%. The stock outperformed both the sector (+0.38%) and the Sensex (+0.41%), supported by a traded volume of 5,97,444 shares and a turnover of ₹16,592.63 lakhs. The price remained above key moving averages except the 20-day, indicating a healthy medium-term trend with some short-term consolidation.

Delivery volumes, however, declined by 20.81%, reflecting some profit booking or cautious positioning. The company’s market capitalisation rose to ₹1,12,952.18 crores, and the mojo score of 82.0 with a 'Strong Buy' rating continued to attract institutional interest.

26 February 2026: Sustained Institutional Demand and Technical Strength

On 26 February, BSE Ltd gained 1.02% to Rs.2,800.90, marking the week’s highest close. The stock’s traded volume was 6,90,525 shares with a turnover of ₹191.56 crores, highlighting robust liquidity. The price remained above the 5-day, 50-day, 100-day, and 200-day moving averages, signalling sustained upward momentum despite trading slightly below the 20-day average.

Delivery volumes declined by 22.79%, suggesting increased intraday trading activity. The mojo grade upgrade to 'Strong Buy' and a mojo score of 82.0 reinforced the stock’s fundamental strength amid steady sector performance.

27 February 2026: High-Value Trading Amid Mixed Sentiment and Put Option Surge

The final trading day saw BSE Ltd decline sharply by 3.35% to close at Rs.2,707.10, underperforming the Sensex’s 1.16% fall. Despite this, the stock attracted significant institutional interest with a traded volume of 6.53 lakh shares and a turnover of ₹180.61 crore. Delivery volumes surged by 25.56%, indicating renewed long-term investor participation.

Notably, heavy put option activity was recorded ahead of the 30 March expiry, with 1,919 contracts traded at the ₹2,700 strike price. This surge in bearish positioning suggests increased caution among traders, anticipating potential downside or hedging against volatility. The stock’s technical indicators showed mixed momentum, trading above longer-term averages but below the 20-day and 50-day averages.

Daily Price Comparison: BSE Ltd vs Sensex (23-27 Feb 2026)

Key Takeaways

Positive Signals: BSE Ltd maintained strong institutional interest throughout the week, supported by high traded volumes and value turnover. The upgrade to a 'Strong Buy' mojo grade and a mojo score of 82.0 reflect improved fundamentals and market confidence. The stock’s position above its 100-day and 200-day moving averages indicates sustained medium- to long-term strength.

Cautionary Signals: Delivery volumes showed a marked decline midweek, suggesting increased speculative or intraday trading. The sharp price drop on 27 February, coupled with heavy put option activity ahead of March expiry, signals near-term caution and potential volatility. The stock’s trading below short-term moving averages (20-day and 50-day) further highlights consolidation and profit-taking risks.

Overall, while BSE Ltd’s fundamentals and liquidity profile remain robust, investors should monitor technical developments and option market signals closely in the coming weeks.

Conclusion

BSE Ltd’s week was characterised by a blend of strong institutional participation and mixed technical signals. The stock’s ability to outperform the Sensex despite a weekly decline of 1.18% underscores its relative resilience in a cautious market environment. The MarketsMOJO upgrade to 'Strong Buy' and solid mojo score reinforce the company’s fundamental appeal within the capital markets sector.

However, the surge in put option activity and the late-week price correction highlight a cautious near-term outlook. Investors should weigh these factors carefully, balancing the stock’s medium- to long-term strengths against short-term volatility risks. Monitoring price action around key support levels, particularly near Rs.2,700, will be critical as the March expiry approaches.

In summary, BSE Ltd remains a significant player in India’s capital markets infrastructure with strong liquidity and institutional backing, but the week’s developments suggest a nuanced outlook requiring close attention to market dynamics.

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