India's NSE rises in debut trade, valued at $48 billion

National Stock Exchange Of India

24/09/2026 08:02

** National Stock Exchange of India NSEI.BO climbs 3% to 1,838.8 rupees in trading debut, valued at 4.56 trillion rupees ($47.55 billion)
** Stock listed at 1,800 rupees on BSE, 0.84% above issue price of 1,785 rupees
** NSE lists after $2.3 billion IPO, India's second-largest offering after Hyundai Motor India's HYUN.NS 2024 issue
** Modest listing gains reflect realistic market expectations, says Shivani Nyati, head of wealth at Swastika Investmart
** More than 42 million shares change hands in less than three hours on debut day
** Macquarie initiates coverage with "outperform", PL Capital with "accumulate" rating
** Nyati says NSE's near-term earnings remain sensitive to market activity and regulatory shifts as 79% revenue tied to trading volumes


($1 = 95.8925 Indian rupees)

 (Reporting by Vivek Kumar M)
 ((VivekKumar.M@thomsonreuters.com;))