NSE enters top-10 most valued firms' club; shares jump over 5%
The exchange began trading at ₹1,800, up 0.84% from the issue price of ₹1,785, and later surged 5.21% to ₹1,878
Shares of the National Stock Exchange of India Ltd (NSE) surged more than 5 percent during intraday trading on Thursday, marking its entry into the top-10 most valued firms by market valuation. The exchange initiated trading at ₹1,800, slightly higher by 0.84 percent from its issue price of ₹1,785 on the Bombay Stock Exchange (BSE).
Throughout the trading session, NSE shares rose 5.21 percent to ₹1,878, valued at ₹4,54,966.88 crore. This achievement propelled NSE into the elite club of the BSE's top-10 most valued firms, where Reliance Industries led with a market valuation of ₹16,67,750.07 crore, followed by Bharti Airtel at ₹11,32,338.92 crore, and HDFC Bank at ₹11,26,035.78 crore.
Despite a muted market debut, NSE's IPO garnered significant interest, receiving nearly six times the subscription demand, with a significant portion coming from institutional investors. The IPO, India's second largest public issue, surpassed LIC's ₹21,000 crore offering in 2022, marking a crucial milestone for the NSE.
Written by urgent.news from Hindu BusinessLine's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
