NSE Shares Lose Momentum After 5% Intraday Debut Rally, ₹22,569 Crore IPO Faces Profit-Booking
Mumbai: Shares of the National Stock Exchange of India Ltd (NSE) remained under pressure on Friday, September 25, a day after the exchange made its much-awaited stock market debut. The stock fell nearly 1.6 per cent during intraday trade to touch a low of Rs 1,790 on the BSE. It later recovered some losses and traded at Rs 1,808, down 0.56 percent. Gains Fade After Listing NSE shares had listed…
Mumbai experienced a dip in NSE shares on Friday, September 25, one day after the exchange made its much-anticipated debut on the BSE. The stock plummeted nearly 1.6 percent intraday, dropping to a low of Rs 1,790 before stabilising at Rs 1,808, marking a decline of 0.56 percent. Following the initial rally, gains faded and NSE shares were listed at a modest 0.8 percent premium over the IPO price.
Despite the subdued opening, the stock surged by over 5 percent during the trading day, only to see part of the gains retract by Thursday. The latest drop signals some profit-taking, as investors continue to evaluate the exchange's long-term growth potential. With a valuation of Rs 4.49 lakh crore, NSE now ranks among India's top 10 listed companies, surpassing Sun Pharmaceutical Industries and Titan Company.
In terms of market capitalisation, NSE trails only Reliance Industries, HDFC Bank, Bharti Airtel, ICICI Bank, State Bank of India, TCS, Bajaj Finance, Larsen & Toubro, and Hindustan Unilever. NSE's IPO, the second-largest in India after Hyundai Motor India's issue in 2024, attracted a subscription of 5.71 times, with bids totaling around Rs 90,287.33 crore.
NSE Managing Director and CEO Ashishkumar Chauhan announced the development of a mobile-first framework to consolidate investor data, trading information, portfolio data, and analytics into a single platform. Transaction charges continue to be the major revenue contributor, accounting for 78.65 percent of revenue from operations during fiscal 2026.
Written by urgent.news from Free Press Journal's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
