Pending — not yet graded
Bearish on BSE, downgrading to 'Underperform' from 'Hold' and trimming the target price to ₹2,940 from ₹3,520. Jefferies flags risks to BSE’s revenue from domestic proprietary traders, who account for around 50% of notional turnover, citing headwinds from the STT hike, RBI’s bank guarantee norms, and the Closing Auction Session (CAS).

Jefferies Analysis’s track record: 3 graded calls · 95% CI 44–100%

BSEBearishCalled 18 Aug 2026
Verdict:PENDING

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Pre-fills a same-day INTRADAY short — delivery short-selling isn't allowed, so this is the only way to paper-trade a bearish call.

Tracking BSE since this call

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