Global brokerage Jefferies cautioned that a transition to fortnightly expiries could cut FY27 earnings by 20-50% on BSE and by 15-25% for Nuvama. Morgan Stanley raised concerns about near-term earnings uncertainty; however, veteran market experts reiterate that long-term fundamentals remain unchanged as household savings are financially included.
Sudip Bandyopadhyay, a market veteran, pointed out that the government is intent on protecting small investors, just like it has done with cracking down on online gaming.
On the other hand, Neeraj Dewan and others see the current levels as an opportunity, suggesting that BSE could be appealing for long-term investors.