Home / Business and Economy / Stock Slump: BSE, MCX Dive 27% From May Highs
Stock Slump: BSE, MCX Dive 27% From May Highs
20 Aug
Summary
- BSE and MCX shares fell approximately 27% from May 2026 highs.
- Analyst forecasts potential further decline for BSE stock to ₹3,150.
- MCX shows early signs of a potential trend reversal on charts.
As of August 20, 2026, stock prices for BSE and the Multi Commodity Exchange of India (MCX) have each seen a notable decline of approximately 27 percent from their respective highs in May 2026. BSE's share price recently reached a four-month low of ₹3,325, influenced by downgrades from financial analysts who cited concerns over the Closing Auction Session (CAS) and upcoming Reserve Bank of India (RBI) bank guarantee norms. These factors have led to revised lower target prices for BSE, with one analyst projecting a potential drop to ₹3,150.
Conversely, the MCX, despite its recent correction, is exhibiting early indications of a potential trend reversal. Technical analysis suggests a strong support zone between ₹2,650 and ₹2,600 for MCX, coupled with bullish signals on its charts. Central Depository Services (India) (CDSL) has been in a consolidation phase but is now showing an improving technical setup, with analysts recommending accumulation on dips due to a positive outlook and potential for higher levels.
The current market price for BSE is ₹3,370, with MCX trading at ₹2,964, and CDSL at ₹1,335. Analysts recommend a strategy of 'accumulation on dips' for BSE as long as its support band holds, while MCX's potential trend reversal is being closely watched. CDSL's improving technical structure suggests it may scale higher levels, making it an attractive option for investors seeking opportunities at favourable entry points.
