Increasing regulatory risks could impact India's BSE earnings, Investec says
** Increasing regulatory risks could impact BSE's BSEL.NS earnings multiples, Investec says
** Media reports say that SEBI working committee has proposed measures to curb derivatives volume, restrict weekly expiry among other things
** Investec says regulatory measures, if implemented, will lead to lower volumes, impact BSE's forward estimates
** Overall, cumulative impact of these actions will be worse than anticipated - Investec
** Brokerage closes its investment idea on stock, saying it has yielded negative returns
** BSE shares down 2.6% for the day, among top losers in mid-cap index .NIFMDCP100, which is down 0.7%
** Stk up 2.5% YTD vs 25% gains in mid-cap index
Reporting by Sethuraman NR in Bengaluru
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