Mumbai: Goldman Sachs has revised its outlook for BSE Ltd., suggesting that the stock may not have significant upside following the Securities and Exchange Board of India’s (SEBI) introduction of new intra-day position limits. The brokerage noted that the updated restrictions are expected to have a greater impact on industry options premiums than initially estimated.

Earlier, Goldman Sachs had projected a 5% reduction in options premiums after SEBI introduced end-of-day position limits. With the implementation of intra-day limits, the brokerage now believes that the effect could exceed this estimate, potentially affecting trading strategies and market dynamics.

The new limits are intended to regulate intra-day trading activity and mitigate excessive speculation, but analysts warn that they could weigh on liquidity and limit short-term price movements in BSE shares. Goldman Sachs highlighted that investors should consider the potential implications for options markets and trading volumes when assessing BSE’s near-term performance.

Overall, the introduction of intra-day position limits by SEBI is likely to influence market behavior, with BSE shares showing restricted growth potential amid regulatory changes.