Shares of rose nearly 2 per cent to hit a 52-week high of ₹3,330 in early trade on Friday, driven by regulatory approval to expand its derivatives offerings. However, the stock later pared gains to trade flat at ₹3,259.70, compared to the previous close of ₹3,257.40.
The upside was triggered after the exchange received approval from SEBI to launch derivative contracts on the BSE Focused IT Index, marking a key step in strengthening its product suite in the derivatives segment.
The BSE Focused IT Index tracks the performance of 14 companies within the information technology sector, offering investors a targeted benchmark for the space. The exchange said further details regarding the launch timeline and contract specifications will be announced through separate circulars.
Despite the positive development, the underlying index came under pressure during the session. The BSE Focused IT Index declined 2.54 per cent to 35,821.46 as of 11.46 am, after opening higher at 36,802.05 from the previous close of 36,755.13, reflecting broader weakness in IT stocks.
Among constituents, Cyient and Tata Technologies were the only gainers, while stocks such as Coforge, Infosys, , HCL Technologies, Persistent Systems and Mphasis were among the top laggards.