The National Stock Exchange of India (NSE) marked a historic public listing on Thursday, officially ranking as the world’s sixth-largest stock exchange by overall valuation. Following a solid market debut, the bourse’s market capitalization surged to approximately $47 billion (₹4.5 lakh crore). Market Action: NSE shares opened on the BSE at ₹1,800, up from the issue price of ₹1,785, before finishing the session higher at ₹1,818. Valuation Highlights: Trading at a price-to-earnings (P/E) multiple of 43 times, the bourse commands a notable premium over other publicly traded global exchanges. Core Drivers: This valuation premium reflects the platform’s overwhelming dominance in India’s cash and equity derivatives segments, robust retail investor participation, high operating margins, and consistent volume expansion fueled by India’s expanding financial markets. Global Standing: The listing positions the exchange directly behind top international operators such as the CME Group, Intercontinental Exchange, Nasdaq, and Hong Kong Exchanges and Clearing (HKEX) in terms of overall enterprise value. Post navigation Market Bloodbath: Investors Lose Over ₹4 Lakh Crore as Sensex Plunges 1,247 Points Banks to Open on Sunday, September 27 Ahead of Nationwide 3-Day Strike
