Motilal Oswal upgrades India's BSE to 'buy'; stock rises
BUZZ-Motilal Oswal upgrades India's BSE to 'buy'; stock rises ** Motilal Oswal Financial Services upgrades stock exchange BSE BSEL.NS to "buy" from "neutral", PT at 4,000 rupees
** BSEL rises 4.5% to 3,375.8 rupees; second-highest gainer on benchmark Nifty 50 index .NSEI, which is flat
** Motilal Oswal raises BSE's revenue and profit estimates for FY27 by 8% and 10%, respectively, on likely benefit from partial reversal of closing auction session (CAS) and benefit of National Stock Exchange of India's NSEI.BO listing on cash market volumes
** Brokerage says BSE's derivative notional average daily turnover surged 85% so far in October, compared to post-CAS reset in August
** More than 2.6 million shares of BSEL change hands, ~0.5x of 30-day average daily volume
** Stock rated "hold" on average by 18 brokerage firms, median PT at 3,832.5 rupees, per data compiled by LSEG
** YTD, stock up 28%
(Reporting by Vivek Kumar M)