India's top exchange lists $46B worth shares
The article discusses the inclusion of India’s largest stock exchange, the National Stock Exchange (NSE), into the stock market in 2026 after a decade-long wait. The IPO raised $2.35 billion, making it the second-largest public offering in India, with the company's market value reaching approximately $46 billion (4.4 trillion rupees). The stock opened at 1,800 rupees, a slight increase of 0.84% over the offering price, and closed higher, surpassing 1,861 rupees. Despite recording significant profits of $1.07 billion in the last fiscal year, analysts have warned about the high valuation and limited growth prospects amid a more than 11% decline in the Nifty index and regulatory restrictions on derivatives trading. The exchange is among the largest worldwide in terms of trading volume and contract numbers, but it faces challenges related to its lofty valuation and current market conditions.
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