BSE, MCX shares drop 4% on Jefferies' NSE diversification call

BSE, MCX shares drop 4% on Jefferies' NSE diversification call — Jefferies downgraded BSE and MCX, citing the upcoming IPO of NSE as a more diversified exchange. The brokerage expects NSE to attract investor interest due to broader revenue streams. 4% fall in share price reflects market realignment ahead of NSE's public listing.
📊 STOCKS: BSE | MCX | 🏢 SECTOR: CapitalMarkets | #MEDIUMIMPACT #IPO