# BSE jumps 4% on Motilal Oswal upgrade to buy 2026-10-26T06:01:58+00:00 | Business & Economy | Indian Opinion Desk Corroboration: 3 independent outlets BSE shares rose up to 5% on Monday, 26 October, after Motilal Oswal upgraded the stock to 'buy' from 'neutral' for the first time in nearly 18 months and raised the price target to ₹4,000 from ₹3,480. The brokerage said BSE's notional average daily turnover surged 85% in October month-to-date against the post-CAS reset in August 2026, and cited the partial closing auction session reversal effective 7 December 2026 as a regulatory catalyst. Motilal Oswal noted BSE's cash market share improved from 7% to 9% and its EBITDA margin reached 65% in FY26. Motilal Oswal raised BSE's FY27 PAT estimates by 10% and FY28 estimates by 12%, with potential for a further 20% increase in FY28 estimates if volume recovery sustains. The brokerage expects NSE's listing and the expiry of its lock-in in March 2027 to provide additional turnover catalysts. Of the 20 analysts covering BSE, 13 recommend 'buy', four say 'hold', and three have 'sell'. The stock traded 3.9% higher at ₹3,355 in Monday's session. Update, 26 October 2026: Business Standard now also reports the story, confirming BSE shares rose 4% to ₹3,369 in intraday trade and that the stock bounced 12% from its low of ₹3,000 touched on 1 October 2026. Business Standard added that BSE has outperformed the Nifty 50 by rising 28% in calendar year 2026 against a 13% decline in the index, and that the stock hit a 52-week high of ₹4,446.80 on 27 May 2026. ## Indian Opinion Analysis Motilal Oswal's upgrade of BSE to 'buy' and the ₹4,000 price target form the core of all three reports on Monday, 26 October. CNBC-TV18 and Business Standard led with the upgrade and the 85% surge in October notional ADTO relative to August lows, while Business Today front-loaded the regulatory volume reset in August 2026 and the 49% month-on-month ADTO jump to 20 October. CNBC-TV18 and Business Standard both attributed part of the recovery to the partial closing auction session reversal effective 7 December, whereas Business Today framed the same event around the August reset from stricter lending norms and CAS implementation. CNBC-TV18 and Business Standard extensively quoted Motilal Oswal's expectations that the NSE lock-in expiry in March 2027 provides a further catalyst, a point Business Today mentioned but did not elaborate. ## Coverage Coverage: 3 sources, 3 neutral - cnbctv18.com (neutral report) Led with 85% ADTO surge from August lows - businesstoday.in (neutral report) Front-loaded August regulatory reset before volume jump - business-standard.com (neutral report) Focused on price action and 12% bounce from October low This brief was synthesised by AI from the 3 sources linked above, so one read covers every framing they carry. Update, 26 October 2026: further reports on this story from fortuneindia.com, thehindubusinessline.com, economictimes.indiatimes.com. Last updated 2026-10-26T08:39:08+00:00. Tags: BSE, Motilal Oswal, NSE Canonical: https://indianopinion.org/bse-shares-gain-4-as-motilal-oswal-upgrades-to-buy-after-16-months/ License: Summary and commentary (c) Indian Opinion, reusable with attribution. Facts belong to the linked sources. Cite: https://indianopinion.org/bse-shares-gain-4-as-motilal-oswal-upgrades-to-buy-after-16-months/#story-in-brief How this brief was made: an AI model read the reports linked above and wrote this summary and analysis, which were published automatically. Published briefs are sampled every hour by an automated quality check; the editor verifies its findings and approves corrections, and corrected briefs carry a dated correction line. Stance labels are editorial classifications of how each outlet framed this story, assigned by the same model, not ratings of the outlets. We do no original reporting. Methodology: https://indianopinion.org/ai-use-policy/