π NSE debut is muted, but it's now a big player
The National Stock Exchange (NSE) had a subdued debut on Thursday, opening at Rs 1,800 per share on the BSE. The listing saw NSE become the ninth-largest listed company in India with a market cap of Rs 4.63 lakh crore. This valuation surpassed rivals like HUL and Sun Pharmaceuticals after initial trading. Analysts like Macquarie give an Outperform rating, projecting a 10% upside target. Future growth is expected from increased financialisation and strong network effects of the exchange. π