BSE shares surge another 4% to a record high; Stock now up over 60% this year

Shares of BSE Ltd. hit a fresh record high on Tuesday, May 19, gaining as much as 4% enroute to testing the ₹4,300 mark intraday. The stock has gained in four out of the last five trading sessions.

With this, the stock is up 17% so far in May, having gained 36% in April. The market cap of India's oldest stock exchange is now above the ₹1.7 lakh crore mark.

In an interaction with CNBC on Tuesday, BSE MD & CEO Sundaraman Ramamurthy said that a significant part of India's population is yet to join the capital market.

He added that lately, foreign and domestic institutional investor holdings have reversed amid the global scenario. He was referring to the recent volatility in global markets due to the Iran war, which has also led to an energy crisis, increase in oil prices, as the Strait of Hormuz remains effectively shut for maritime shipping.

Ramamurthy said once things normalise, he expects India to be the growing destination for foreign portfolio investors (FPIs).

The BSE MD & CEO further said that increased product renovation is required, especially in volatile sectors. He spoke about the recently-introduced BSE-focused IT index in the derivatives market amid the volatility in the IT industry.

Once the geopolitical turmoil ends, he expects the momentum to return and credit growth to increase.

Ramamurthy said Japan and Korea are the key economies that need to be looked into. He added that India has a collaborative approach towards multiple nations, he said.

Shares of BSE are trading 3.5% higher on Tuesday at ₹4,262. The stock has risen 23% in the last one month, extending its advance for 2026 to 63% so far.

Also Read:Stock Crash: Recent listing extends two-day drop to 33% after Q4 results