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Market move▲ Bullish for Indian equities
NSE shares jump over 5%, making it India’s 10th most-valued firm
The brief
- NSE shares rose 5.21% to ₹1,878 after opening at ₹1,800
- NSE ranked tenth among India’s most-valued firms, with market capitalisation at ₹4.5 lakh crore
- BSE’s market valuation stood at ₹1,31,946.42 crore
- NSE’s valuation milestone may lift sentiment toward Indian exchange stocks, including BSE
- Adani Enterprises shares drop 2% after Adani group entities swap 86 lakh shares for ₹2,498 crore | Details here
- Sollfege Smart Electronics IPO to raise ₹21.7 cr, open on Sep 30
- 10 BSE 500 smallcaps rose for five sessions despite a Sensex decline
- BSE cautions investors as international ETFs trade at steep premiums to NAV
- Augment India may sell 85 lakh Clean Max Enviro shares for ₹1,063 crore
NSE listing and post-IPO outlook
NSE’s ₹22,569 crore IPO was subscribed nearly six times, and shares debuted at ₹1,800 before rising to ₹1,845. The stock later fell below its listing price; brokerages cited growth prospects, while NSE said it was open to self-listing if SEBI permits and aims to diversify beyond transaction-based income.
Thursday, 24 September
- NSE shares jump over 5%, making it India’s 10th most-valued firm