Motilal Oswal downgrades BSE to 'Neutral', cuts target price to Rs 2,300 on expiry shift impact

Motilal Oswal has downgraded BSE to ‘Neutral and cut its target price to Rs 2,300, citing potential market share loss after the exchange shifts its weekly Sensex derivatives expiry from Tuesday to Thursday, effective September 1, 2025. The brokerage expects the move to dent BSEs premium turnover share, which stood at 22.6% in May 2025.