📉 BSE – Profit Booking Hits Exchange Stocks

slipped –4.9% to ₹2,582, extending its short-term correction phase. The fall follows a broader cooldown in exchange stocks after an exceptional multi-quarter rally. Why the drop: SEBI’s recent scrutiny on transaction fee structures and regulatory tightening in equity derivatives volume reporting led to cautious sentiment. High valuations (P/E above 55x) triggered profit booking by institutions. Rising competition from NSE’s platform enhancements also dented sentiment slightly. Technical view: Price broke below 9-EMA (₹2,754) for the first time in weeks. RSI cooled to 39, showing loss of momentum. Key support at ₹2,500; a close below may extend weakness to ₹2,400. 📊 Tone: Healthy correction in a strong longer-term uptrend.