Fri Mar 07 12:50:00 UTC 2025: ## Goldman Sachs Cuts BSE Price Target Amidst NSE’s Options Expiry Shift

**Mumbai, India** – The Bombay Stock Exchange (BSE) suffered another blow after global brokerage Goldman Sachs slashed its price target by over 13%, citing concerns over market share loss following the National Stock Exchange’s (NSE) decision to shift its options expiry day.

The NSE’s move, effective April 4th, changes the expiry day for weekly Nifty index futures and options (F&O) contracts to Mondays from Thursdays, and monthly contracts to the last Monday of the month. While the NSE claims the change is strategically driven by the need to account for geopolitical events occurring over weekends, analysts view it as a direct challenge to BSE’s recent gains in the options market.

Goldman Sachs highlighted that while BSE initially saw an increase in index options premium share after the NSE first changed its expiry day in January 2025, the expected liquidity boost didn’t materialize. The brokerage now anticipates no further growth in BSE’s market share, a significant concern given that options trading accounts for roughly 50% of BSE’s revenue. This uncertainty led Goldman Sachs to lower its BSE price target to Rs 4,230, maintaining a ‘neutral’ rating.

BSE shares reflected this negative outlook, falling 3.5% in the previous session. Market experts suggest the NSE’s shift could increase Friday trading activity as traders close positions before the weekend, further impacting BSE’s market share in a highly competitive landscape. The situation highlights the ongoing battle for dominance in India’s booming options trading segment.

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