{
  "id": 17974698,
  "title": "India's NSE posts 23% rise in quarterly profit in first results since listing",
  "url": "https://urgent.news/2026/11/03/indias-nse-posts-23-rise-in-quarterly-profit-in-first-results-since",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-11-03T14:38:28.000Z",
  "source": {
    "name": "Business Recorder",
    "slug": "business-recorder",
    "url": "https://www.brecorder.com/news/40447230/indias-nse-posts-23-rise-in-quarterly-profit-in-first-results-since-listing"
  },
  "original_language": "en",
  "account": "On Tuesday, India's National Stock Exchange (NSE) announced a 23% increase in profit for the second quarter of its fiscal year, marking its first results following a successful stock market debut in September. The rise in earnings was primarily attributed to heightened trading volumes across various segments.\n\nThe largest stock exchange operator in the country experienced pressure on transaction revenue due to stricter regulations and increased taxes affecting options trading, while its rival, the Bombay Stock Exchange (BSE), gained market share in index options. Despite these challenges, NSE's consolidated profit for the quarter reached 25.78 billion rupees, an increase from 20.98 billion rupees in the previous year.\n\nRevenue from operations also saw a notable rise, reaching 40.67 billion rupees compared to 36.77 billion rupees in the same period last year. The average daily trading volume for cash market transactions increased by 24%, while it surged by an impressive 150% in the currency derivatives segment for the three months ending September 30.\n\nNSE's listing after a decade-long wait valued the exchange at nearly $47 billion, solidifying its dominance in India's cash equities and derivatives markets. The IPO raised over $10 billion, generating significant interest among traders anticipating a modest listing pop. Additionally, regulatory cases involving co-location and dark fibre were resolved, with NSE setting aside 12.97 billion rupees to settle these disputes and booking a 12.01 billion rupee gain from selling stakes in associate companies.\n\nJefferies, a prominent brokerage firm, forecasted a 15% annual revenue growth for NSE from fiscal years 2027 through 2029. This optimistic outlook was driven by stabilizing options market share, increased cash equity turnover, and revenue generated from technology-related services. However, Jefferies had previously noted that the worst of regulatory pressure was likely over, predicting a 20% decline in average daily options turnover in August, the month when India introduced a closing auction session.",
  "summary": "The National Stock Exchange of India posted a 23% jump in profit on Tuesday, helped by higher trading volumes, as the exchange operator reported its first quarterly results after its September stock market debut. The country’s largest stock exchange operator has faced pressure on transaction revenue as tighter rules and higher taxes slowed options trading, while rival BSE gained share in index…",
  "key_points": [
    "NSE's profit rises 23% in Q2, first results post-September listing",
    "Trading volumes up 24%, currency derivatives surge 150%",
    "Exchange valued at $47B, raised $10B in IPO"
  ],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}