Shares of the Bombay Stock Exchange (BSE) surged over 13% on Monday to reach a record high of Rs 1,798 after the bourse announced that it would increase the transaction charges for the equity derivatives segment with effect from November 1, 2023.

These revisions will only be levied on S&P BSE Sensex Options, and no modifications will be made to transaction charges in other equity derivatives contracts. The new transaction fee structure is based on the incremental billable monthly turnover (premium value) and will be applied on the nearest or immediate expiry contracts. 

Under the revised fee structure, transactions with turnovers up to Rs 3 crore will be charged at Rs 500 per crore. For turnovers of more than Rs 3 crore and up to Rs 100 crore, the fee levied will be Rs 3,750 per crore.

For turnovers in the range of Rs 100 crore to Rs 750 crore, traders will face charges of Rs 3,500 per crore will be levied. Transactions with turnovers of more than Rs 750 crore and up to Rs 1,500 crore will incur costs of Rs 3,000 per crore.

For turnovers between Rs 1,500 crore and Rs 2,000 crore, transactions will be subjected to a fee of Rs 2,500 per crore. For turnovers exceeding Rs 2,000 crore, a transaction fee of Rs 2,000 per crore will be applied.

While BSE has kept a maximum slap of Rs 3,750 per crore of premium as an exchange charge, NSE has always charged a maximum of Rs 5,000 per crore.

At 03:25 pm, shares of BSE were trading at Rs 1,696.25, up 6.83% from the previous closing price on the National Stock Exchange (NSE). The scrip has surged more than 205% in the year-to-date period. 

The revisions aim to simplify the fee structure and improve transparency for market participants within the derivatives segment.