SEBI's recent ban on Jane Street for market manipulation is causing concerns in the financial markets, but analysts predict a limited impact on BSE.
Jefferies and Goldman Sachs anticipate a manageable impact on BSE, with Jefferies noting that the earnings hit may be low as Foreign Portfolio Investors (FPIs) contribute 3-4% of turnover.
Goldman Sachs maintains a neutral stance on BSE, reducing its target price and EPS slightly to account for recent volumes.
Both brokerages expect BSE's cash equity market share to improve in the medium term, citing the addition of new members and the recent launch of the Common contract note as positive factors.