16 Hrs
Source:
Sky News
India's Largest Exchange Lists Shares
The National Stock Exchange of India (NSE), the largest stock exchange in the country, announced the listing of its shares with a market capitalization estimated at $46 billion after raising $2.35 billion in the second-largest initial public offering in India. The stock price started at 1,800 rupees (approximately $18.70) and rose slightly before reaching 1,861.85 rupees, with trading continuing, reflecting widespread investor interest. The exchange is the largest in terms of market value, controlling about 93% of the Indian stock market, and is now the world's largest derivatives exchange by trading volume. However, its high valuation has raised some concerns about future growth prospects, especially as trading volumes decline amid stricter regulations. Despite its high profitability of 103 billion rupees ($1.07 billion) in the last fiscal year, economic trends and geopolitical tensions impacted the market's performance in a weak year.
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