Brokerage and capital market-linked stocks rallied sharply in early trade on Wednesday, with shares of BSE Ltd, Motilal Oswal Financial Services, Angel One, Groww and Central Depository Services Ltd gaining over 8 per cent in early deals.
Among individual movers, Motilal Oswal Financial Services rose 8.5 per cent to ₹687.05, while BSE Ltd jumped over 7 per cent to ₹2,879.10, reflecting strong investor sentiment across the segment.
The rally comes despite the Securities Transaction Tax (STT) hike taking effect today.
RBI has deferred the implementation of its proposed capital market exposure norms to July 1, 2026, providing near-term comfort to market participants.
Additionally, the RBI has expanded the definition of acquisition finance to include mergers and amalgamations, a move seen as broadening financing avenues. It also capped loans against shares and other eligible securities at ₹1 crore per individual at the system level, aiming to balance credit growth with risk management.
The broader momentum was reflected in the Nifty Capital Market Index, which surged over 5 per cent to 4,472. Other notable gainers in the space included Computer Age Management Services and Indian Energy Exchange, as investors rotated into capital market plays on expectations of sustained trading activity and supportive regulatory conditions.
The sharp uptick underscores renewed optimism in brokerage and exchange-linked stocks, as easing regulatory timelines helped offset concerns around higher transaction costs.
(This is a developing story)