BSE shares in focus as Public Interest Director quits, Sebi ramps up scrutiny

Shares of BSE are set to be in focus on Friday, August 22, following two key developments: the resignation of Public Interest Director Nandkumar Saravade, effective August 21, and rising regulatory concerns as the Securities and Exchange Board of India (SEBI) tightens rules on equity derivatives trading.

Here are the details of the updates:

Nandkumar Saravade resigns as Public Interest Director

In a significant update, Nandkumar Saravade resigned from his position as Public Interest Director of BSE, effective from the close of business on Thursday, August 21, 2025.

The resignation was tendered due to potential conflict with SECC Regulations 2018, arising from his existing directorship on the board of Jio BlackRock Asset Management Private Ltd as an Independent Director.

Following his resignation, Saravade will also cease to be the Chairperson or Member of all committees of BSE Limited where he held such positions.

He has confirmed that there are no other material reasons for his resignation apart from those cited in the filing.

The update was shared by the exchange on Thursday, after the market hours. The shares of BSE closed 7.65% lower at Rs 2,330.10 on the NSE.

Regulatory tightening on derivatives trading

Separately, attention is also focused on regulatory changes introduced by SEBI, which are expected to have far-reaching consequences for the market. SEBI recently implemented stricter norms, including a cap on end-of-day exposure in options portfolios to Rs 1,500 crore, to mitigate systemic risks.

This move aims to tighten the leverage available for derivative trades, particularly options, which have become a prominent part of retail investor activity.

Additionally, SEBI is considering additional measures to curb speculative trading, with discussions ongoing around limiting intraday index derivatives trading.

This comes amid concerns about the escalating risks in the equity derivatives market, where retail traders, who constitute a significant portion of the trading volume, have been experiencing substantial losses.

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