The Rare NSE / BSE Arbitrage

General
1

NSE < BSE

Name BSE Code NSE Code Industry BSE PRICE NSE PRICE DIFF
JSW Holdings 532642 JSWHL Finance & Investments 3938.95 3716.7 5.98
Mayur Uniquoters 522249 MAYURUNIQ Plastics Products 437.8 419.25 4.42
Matrimony.com 540704 MATRIMONY Miscellaneous 1143.9 1108.85 3.16
Federal-Mogul Go 505744 FMGOETZE Auto Ancillaries 314 302.25 3.89
Shoppers Stop 532638 SHOPERSTOP Textiles - Products 214 206.45 3.66
Edelweiss.Fin. 532922 EDELWEISS Finance & Investments 67.4 65.15 3.45
IIFL Securities 542773 IIFLSEC Finance & Investments 55.1 53.4 3.18
The Invest.Trust 530023 THEINVEST Finance & Investments 104.9 101.9 2.94
OnMobile Global 532944 ONMOBILE Telecommunications - Service Provider 125.5 122.2 2.70
Sundaram Clayton 520056 SUNCLAYLTD Auto Ancillaries 3600 3506 2.68
Centum Electron 517544 CENTUM Electronics - Components 436.5 425.3 2.63
Dewan Hsg. Fin. 511072 DHFL Finance - Housing 17.8 17.35 2.59
Sharda Cropchem 538666 SHARDACROP Pesticides / Agrochemicals - Indian 333 325 2.46
Lumax Industries 517206 LUMAXIND Auto Ancillaries 1525 1489.1 2.41
PG Electroplast 533581 PGEL Electronics - Components 266.25 260.7 2.13

NSE > BSE

Name BSE Code NSE Code Industry BSE PRICE NSE PRICE DIFF
Summit Securitie 533306 SUMMITSEC Finance & Investments 555 577.95 -3.97
Himadri Special 500184 HSCL Chemicals 40.55 42.05 -3.57
Prime Focus 532748 PFOCUS Entertainment / Electronic Media Software 51 52.85 -3.50
HMT 500191 HMT Engineering 22.8 23.6 -3.39
RattanIndia Infr 534597 RTNINFRA Power Generation And Supply 6.6 6.8 -2.94
Omaxe 532880 OMAXE Construction 70 72.05 -2.85
Mahindra CIE 532756 MAHINDCIE Castings & Forgings 174.2 179 -2.68
Seshasayee Paper 502450 SESHAPAPER Paper 153.5 157.65 -2.63
PC Jeweller 534809 PCJEWELLER Diamond Cutting / Jewellery 30.05 30.85 -2.59
Rattanindia Pow. 533122 RTNPOWER Power Generation And Supply 2.73 2.8 -2.50
Techno Elec.Engg 542141 TECHNOE Engineering - Turnkey Services 266.35 272.6 -2.29
Chola Financial 504973 CHOLAHLDNG Finance & Investments 582.65 596.2 -2.27
Anant Raj 515055 ANANTRAJ Construction 47.5 48.55 -2.16
Ahluwalia Contr. 532811 AHLUCONT Construction 282 288 -2.08
Dynamatic Tech. 505242 DYNAMATECH Engineering 800 817 -2.08
Brigade Enterpr. 532929 BRIGADE Construction 287.65 293.6 -2.03

Can you make money out of it?
@ 24-Feb-2021 01:47 PM

1 Like
2

Is it possible to take advantage of arbitrage for intraday? How about short delivery scenario?

3

Most of these are illiquid in BSE. Check the market depth of JSWHL - bid is at 3722 and offer is at 3887. You are unlikely to make any money on these scrips. Also, when NSE reopens, the prices will converge and nullify the difference.

4

Yeah man. I just ran a script to find it without liquidity considerations. But, few of them are good on liquidity front - MAYURUNIQ, HSCL … from top 3. Besides … you only need 1 or 2. :wink:

Disclaimer: No Recommendations!!

Have no precedent how the exchange will open or if it will open at all today. If there is any kind of pre-opening session to match prices (today and de facto 9:00 - 9:15 tomorrow) … there is almost no possibility to make sizeable money. If not … maybe Zerodha Basket can come handy.

Logically, I suppose - if you mean MIS EQ, I think the broker can clear with BSE, If you mean, MIS FnO, broker will clear it on next available session (even tomorrow - opening). If you mean, CNC EQ, Exchange auction with delivery or cash on T+3, doesn’t matter whose fault it is.

5

You should instead be looking for unusual volume spikes in BSE (possibly a big position getting squared off). Check MUTHOOTFIN candle at 2:27 pm when it dropped from 1280 to 1211. A few minutes later it is at 1300.

6

Hmmm. Sth odd definitely happened in MUTHOOTFIN. But it is very hard to trade this for nobody knows / publishes outstanding share information (marked for intraday) and sth like delivery % (which may help) - one only comes to know at EoD. Volume spikes is typically post event/big order, maybe for swing traders, but more often than not, in volatility whipsaws - you lose money.

Arbitrage, is more plain vanilla and easy to trade. Assuming BSE price is the current correct price, as you said things will move towards each other unidirectionally unless difference is nullified. But, then again - very short lived.