Economy · India
National Stock Exchange Lists on BSE, Shares See Modest Gains
The National Stock Exchange (NSE) made its debut as a listed company on the BSE, opening at ₹1,800 and closing at ₹1,818. The initial public offering (IPO) was valued at ₹22,561.57 crore, making it the second-largest in Indian history. NSE shares gained 1.85% on their first day of trading, despite a broader market decline. The listing occurred at 10:00 AM IST on the BSE and the Metropolitan Stock Exchange of India (MSEI). The NSE entered the club of the top-10 most valued firms, with its peer BSE having a market valuation of ₹1,31,946.42 crore. The debut followed strong demand for the offering, with investors watching trading patterns and upcoming anchor investor lock-in expiries. The NSE's long-awaited debut comes as India's options trading boom cools.
How outlets across the spectrum covered it
- Left (1): The Hindu
- Centre (8 votes, 10 outlets): Business Standard, Business Today, Jansatta · The Financial Express · The Indian Express (Indian Express Group — 1 vote), Mint, NDTV, The Hindu BusinessLine, The Times of India, The Tribune
- Right (1): Aaj Tak
- International (4): Bloomberg, CNBC, Channel News Asia, The Wall Street Journal