NSE, India’s Largest Exchange, To List on Rival BSE

The National Stock Exchange of India (NSE) is finally going public with its long-awaited IPO, opening on 17 September 2026 and closing on 21 September 2026. The issue is priced at ₹1,700–₹1,785 per share, valuing NSE at up to ₹4.42 lakh crore, with listing expected on 24 September 2026.

NSE has officially announced IPO through its Red Herring Prospectus (RHP) and related filings on its investor relations site. The exchange confirmed the price band of ₹1,700–₹1,785 per share, subscription dates (17–21 September 2026), and listing on BSE on 24 September 2026.

Notably, NSE’s IPO was delayed nearly a decade due to regulatory hurdles and legal disputes, including SEBI’s scrutiny of governance issues. SEBI rules prohibit exchanges from self-listing, hence NSE’s shares will debut on BSE only.

NSE’s governing board and IPO committee passed resolutions approving the offer; SEBI granted listing approval.

Key NSE IPO Details

• IPO Type: Entirely an Offer for Sale (OFS) — NSE itself will not raise fresh capital; proceeds go to selling shareholders.
• Shares Offered: ~12.64 crore equity shares (≈5.1% of NSE’s equity).
• Price Band: ₹1,700–₹1,785 per share.
• Lot Size: 8 shares (minimum retail investment ≈ ₹14,280 at upper band).
• Employee Discount: ₹170 per share for eligible NSE employees.
• Issue Size: ~₹22,562 crore (reduced from earlier ₹30,000 crore plan).
• Listing Date: Expected on 24 September 2026 at BSE.

Major Selling Shareholders

• State Bank of India (SBI): Reduced stake sale to ~1.60 crore shares.
• Morgan Stanley Strategic (Mauritius): Cut sale to ~1.10 crore shares.
• Bank of Baroda, GIC, Stock Holding Corp, National Insurance Co.: All trimmed their offers.

NSE Market Position

• Dominates Indian markets: 92.99% of cash equity turnover, 99.79% of equity futures, and 74.71% of equity options.
• Global standing: World’s largest equity derivatives exchange by contracts traded for 7 consecutive years.
• Investor base: 129 million registered investors as of March 2026.

Financial Snapshot

• FY26 Revenue: ₹16,601 crore (↓3% YoY).
• FY26 Net Profit: ₹10,302 crore (↓15% YoY).
• Valuation: At upper band, ~₹4.42 lakh crore (~$47 billion), placing NSE among India’s top 10 companies by market cap.

Risks & Considerations

• No fresh capital: Since it’s an OFS, NSE won’t receive funds for expansion.
• Profit decline: FY26 saw a 15% drop in net profit, raising valuation concerns.
• Crowded IPO market: September 2026 has multiple large IPOs, which could affect investor appetite.

Timeline Overview

Event	Date
Anchor Investor Bidding	16 Sept 2026
IPO Opens	17 Sept 2026
IPO Closes	21 Sept 2026
Allotment Finalization	22 Sept 2026
Listing on BSE	24 Sept 2026

Corporate India’s evolution: Scale, earnings and diversification

The Nifty 500’s evolution over the past 26 years captures the structural transformation of corporate India—from a commodity- and manufacturing-heavy universe at the turn of the millennium to one increasingly shaped by financial intermediation, services and domestic demand.

Financials’ share of constituents rose from 8.0% in March 2000 to 19.8% in March 2026, while their market-cap share increased from 7.2% to 25.9%.

Index market capitalisation rose from Rs.7.3 lakh crore to Rs 372.2 lakh crore.
Based on FY26, the Profit After Tax (PAT) margin reached a record 10.9%, while the Nifty 50’s share of Nifty 500 profits fell from 87% in FY18 to 51% in FY26.

Market capitalisation growth and composition of Nifty 500

Market capitalisation of NSE-500 companies expanded at a CAGR of 16.3% between March 2000 and March 2026, rising about 51-fold despite repeated market disruptions.
It fell 33.6% during the global financial crisis and 24.2% during the COVID-19 sell-off but recovered strongly thereafter.

Expansion accelerated after March 2020, supported by earnings, domestic liquidity, wider participation and new listings.

Sectoral mix changed materially: Financials became the largest sector by market value. Consumer Discretionary increased its market-cap share from 5.0% to 11.3%, even as Consumer Staples declined from 13.2% to 6.5%.
Scale also increased across market segments: the large-cap threshold rose 122-fold to Rs 95,000 crore, while the mid-cap threshold increased 180-fold to Rs 28,700 crore by March 2026.

Corporate performance: Structural trends and business cycles

Corporate earnings grew faster than revenues over the long term.

Aggregate Nifty 500 sales increased at a CAGR of 14.8% to Rs 164.8 lakh crore, while PAT rose at 17.4% annually to ~Rs 18 lakh crore.
Between FY03 and FY26, net sales increased 21.5-fold and PAT 31-fold.

For non-financial companies, EBITDA reached Rs.23.9 lakh crore after growing at a CAGR of 15.1%.

Growth in net sales moderated in the latest decade, but profitability broadened.

Sector-wise trends: Performance, and contribution

Financials increased their share of Nifty 500 net sales from 14.6% in FY00 to 25.6% in FY26, overtaking Energy as the largest revenue contributor in FY25 and FY26.

Their share of aggregate PAT rose from 24.9% to 38.5%, supported by credit growth, financial inclusion, stronger balance sheets and improved asset quality.

Energy’s revenue share moderated to 23.1% in FY26, while Materials declined from 23.5% to 12.4%, signalling a gradual reduction in the dominance of commodity-linked sectors.

Profitability strengthened across industries: Healthcare PAT margin rose from 11.5% in FY00 to 15.6% in FY26, Utilities reached 13.5%, Industrials recovered to 8.9%.

Information Technology remained high-margin but its PAT share eased from 17.0% in FY20 to 8.5% in FY26.

Over FY22–FY26, growth became more balanced: Real Estate recorded the strongest five-year sales and PAT CAGRs, while Industrials and Financials combined double-digit revenue growth with strong earnings expansion.
Defensive sectors such as Consumer Staples and Health Care remained relatively stable across business cycles.

FY26 corporate performance: A snapshot

Nifty 500 net sales grew 8.5%, EBITDA 9.9% and PAT 15.4%, compared with 8.1%, 7.4% and 9.1% for the Nifty 50.

Excluding Financials, Nifty 500 PAT growth was stronger at 19.2%.

Aggregate Nifty 500 PAT margin rose 65 basis points to 10.9%.

Sectors	Nifty 50			Nifty 500
	Net sales (% YoY)	EBITDA (% YoY)	PAT (% YoY)	Net sales (% YoY)	EBITDA (% YoY)	PAT (% YoY)
Communication Services	22.0%	24.8%	31.1%	15.3%	18.7%	132.5%
Consumer Discretionary	9.5%	-8.7%	-13.0%	11.4%	-0.2%	-1.5%
Consumer Staples	6.6%	4.4%	7.1%	11.4%	6.5%	8.3%
Energy	5.5%	10.6%	13.9%	3.8%	26.5%	41.8%
Financials	7.4%	6.4%	6.9%	8.0%	7.0%	9.7%
Health Care	8.7%	1.6%	-2.5%	12.7%	12.3%	11.9%
Industrials	10.0%	12.5%	-11.6%	11.7%	11.3%	1.7%
Information Technology	7.1%	6.8%	9.3%	10.2%	10.8%	13.9%
Materials	12.2%
Materials	12.2%	26.3%	58.1%	12.1%	18.5%	32.8%
Real Estate	NA	NA	NA	21.6%	19.2%	21.4%
Utilities	0.1%	-9.2%	9.8%	2.8%	-1.2%	3.0%
Total	8.1%	7.4%	9.1%	8.5%	9.9%	15.4%
Total Ex-Energy	8.9%	6.9%	8.0%	10.0%	8.1%	11.4%
Total Ex-Financials	8.2%	8.5%	10.3%	8.7%	13.4%	19.2%
Total Ex-Energy Ex-Fin	9.6%	7.6%	8.9%	11.0%	9.8%	12.9%

Earnings concentration analysis

The distribution of corporate performance has broadened materially.

The Nifty 50’s share of Nifty 500 net sales rose from 42% in FY00 to 57% in FY20, before declining to 46% in FY26.

Its share of aggregate PAT fell more sharply, from 87% in FY18 to 51% in FY26.

The remaining Nifty 500 constituents have therefore become increasingly important to revenue and profit generation.

Concentration measures confirm this shift: The Herfindahl–Hirschman Index (HHI) for Nifty 500 net sales declined from 185 in FY00 to a record low of 88 in FY26.

EBITDA concentration fell from 46 to 20 and PAT concentration from 225 to 80.
Communication Services remained the most concentrated sector in FY26, but aggregate evidence points to a wider distribution of revenues and earnings across companies and sectors.

The entire report can be accessed in the latest edition of Market Pulse July 2026 (Page 28 onwards)

NSE Chief Urges Startups and MSMEs to View Listing as a Tool for Scale

Calling capital markets a key enabler of India's entrepreneurial growth story, National Stock Exchange (NSE) MD and CEO Ashish Chauhan on Friday urged startups and MSMEs to consider public listing as a strategic tool for scaling businesses. Speaking at the JITO Incubation and Innovation Foundation's (JIIF) Foundation Day event at NSE, Chauhan said, “founders should focus on building profitable, sustainable businesses rather than being distracted by short term stock price movements.

Addressing entrepreneurs, investors and startup founders at the event themed 'Compounding Bharat: Innovation Multiplied by Entrepreneurship', Chauhan said, “public markets provide growth capital, improve governance standards, enhance credibility and help companies attract top talent while allowing promoters to retain control of their businesses.”

The keynote comes days after the NSE filed its draft prospectus for one of India's largest ever public offerings, a listing nearly a decade in the making.

Chauhan said, “public listing lets founders raise growth capital without surrendering control, noting that a promoter can offer 25 per cent of equity to the market at the outset, retain 75 per cent and dilute further only as the business requires.”

"When you list, you keep 75 per cent with yourself and offer 25 per cent to the market in the beginning. You can give more later. Control stays with you," he said.

He said, “the public markets reward profitable businesses with a valuation that private balance sheets cannot match. A company earning an annual profit of Rs 2 crore, he said, could command a market capitalisation of Rs 40 to 50 crore once listed, giving the promoter room to raise capital, bring in partners and expand operations.”

Listing also gives a company its own currency, Chauhan said. “A listed promoter can use stock to acquire other businesses, draw in partners and reward staff through stock options, he said, citing the early use of employee stock options at Infosys by N R Narayana Murthy and Nandan Nilekani to attract talent the company could not otherwise have hired.”

He said, “listing strengthens governance and credibility, brings analyst coverage, eases access to bank finance and supports orderly succession by making it simpler to divide assets among heirs.” Compliance, he added, was lighter than commonly assumed and was routinely handled by a company secretary.”

Addressing the concern that listing exposes founders to hostile takeover, Chauhan said control stayed with the promoter and that no change of ownership could occur against a founder's wishes.

On share price, he cautioned founders against chasing artificial trading volumes or mistaking the stock price for the business itself.

"Your business is in your operations, not in the share price. The stock market is only a reflection of your business, it is not the business itself," he said, adding that share prices would follow sustained growth in profit and that founders should direct their energy towards operations rather than short term price movements.

“On liquidity in the small and medium enterprise segment, Chauhan said generating trading volume was not the company's responsibility and pointed to the market maker mechanism, under which two way quotes are provided for three years. Companies on NSE's SME platform, launched in 2012, had collectively raised more than Rs 21,700 crore and held a combined market capitalisation of more than Rs 2 lakh crore”, he said.

He acknowledged that SME business models carried higher risk than those of larger main board companies, but said investors in the segment understood the risk reward trade off and that well run SME companies could scale quickly.

"If you are doing a business of Rs 10 crore or Rs 20 crore, you should be planning for Rs 200 crore and beyond," he said.

JIIF chairman Jeenendra Bhandari said, " Over the last nine years, JIIF has evolved from an idea into one of the community’s most impactful entrepreneurship and innovation platforms. Over the past two years, we have successfully completed four incubation cohorts, facilitated over Rs 60 crore in startup investments, built a network of more than 20 ecosystem partners and collaborated with over 30 national and regional organisations.

Bhandari said, “the foundation had secured a Rs 5 crore MSInS grant and a Rs 2 crore SISFS grant, while its startups had achieved three full and three partial investment successes. He said initiatives such as four editions of its flagship investor engagement platforms and the launch of a 5,000 sq ft incubation centre in Mumbai continued to strengthen the innovation ecosystem.”

JITO, the Jain International Trade Organisation, is one of the world's largest networks of Jain industrialists, entrepreneurs and professionals. Its innovation and entrepreneurship arm, JIIF, has over the past nine years built a platform that has drawn leading names from across Indian business, with previous Foundation Day editions featuring founders and leaders of companies such as Paytm, Zepto, Info Edge and Haldiram's.

NSE Joins Hands with Bharat Metal Exchange to Boost Non‑Ferrous Metal Derivatives in India

National Stock Exchange of India Limited (NSE) has signed a Memorandum of Understanding (MoU) with the Bharat Metal Exchange Ltd. (BME) (formerly known as Bombay Metal Exchange Ltd) to jointly promote the development, awareness, and adoption of non-ferrous metal derivatives in India. The MoU was signed by Mr. Sushil Kothari, President –BME, on behalf of BME.

BME carries a rich legacy of more than nine decades and has established a strong global network across the non- ferrous metals trade and industry ecosystem. The collaboration brings together NSE’s robust derivatives market infrastructure and BME’s longstanding expertise and deep engagement with India’s physical non-ferrous metals ecosystem. The partnership aims to strengthen market participation, enhance price risk management practices, and support the development of efficient hedging tools for stakeholders across the non-ferrous metals value chain.
India is one of the world’s largest consumers of industrial metals such as copper, aluminium, zinc, lead, and nickel. As domestic manufacturing, infrastructure development, renewable energy, and electric mobility continue to expand, market participants increasingly require transparent and efficient mechanisms to manage price volatility. Through this collaboration, NSE and BME will work together to develop new products in the non-ferrous metals space and promote awareness focused on price risk management using tools such as exchange-traded non-ferrous metal derivatives.

The collaboration will facilitate engagement with producers, consumers, processors, traders, importers, exporters, industry associations, and financial market participants to encourage broader adoption of exchange-based risk management solutions.

Shri Sriram Krishnan, Chief Business Development Officer (CBDO), NSE, said:
“India’s growing industrial economy requires efficient and transparent risk management tools to support businesses exposed to commodity price fluctuations. Through our collaboration with BME, we aim to deepen awareness and participation in non-ferrous metal derivatives, enabling market participants to manage price risks more effectively and contribute to the development of a vibrant commodity derivatives ecosystem in India.”

Shri Sushil R. Kothari, President, BME, said:
“We are delighted to partner with NSE through this important initiative aimed at strengthening India’s non-ferrous metals ecosystem. This collaboration will help bridge the gap between the physical and derivatives markets by creating greater awareness about risk management tools and encouraging wider participation from producers, consumers, traders and processors. We believe that the combined strengths of BME’s trade & industry expertise and NSE’s robust market infrastructure will contribute significantly to the growth and adoption of non-ferrous metal derivatives in India.”

As part of the collaboration, NSE and BME will jointly undertake industry outreach initiatives to enhance awareness of non-ferrous metal derivatives and their role in effective price risk management.

The partnership reflects the shared commitment of NSE and BME to support the growth of India’s commodity markets and provide market participants with efficient, transparent, and robust risk management solutions.

NSE Commences Trading in Electronic Gold Receipts (EGRs)

The National Stock Exchange of India (NSE) is pleased to announce the successful commencement of live trading in the Electronic Gold Receipts (EGR) segment with effect from today, 18 May 2026. The launch follows a comprehensive mock trading exercise conducted on Saturday, 16 May 2026, which was completed without any errors or system exceptions, and live trading has accordingly commenced seamlessly with all systems functioning as designed.

The Exchange has received an overwhelming response to the EGR product from market participants and the broader ecosystem. The key updates are as follows:

• Vaulting and Collection Centres are currently operational at Ahmedabad and Mumbai.
• Four additional centres at Delhi, Kolkata, Chennai and Bangalore are being activated, effective today.
• The Exchange will announce further centres in a phased manner, with the network expanding up to 120 centres across the country in due course of time.

The Exchange thanks market participants, intermediaries and ecosystem partners for the overwhelming response received in connection with the EGR launch.

NSE Secures SEBI Approval to Invest in India’s First Physical Coal Exchange

The National Stock Exchange of India Limited (NSE) has received approval from the Securities and Exchange Board of India (SEBI) under Regulation 38(2) of the SECC Regulations, 2018, to invest in the proposed National Coal Exchange of India Limited. This approval marks a key regulatory milestone towards the establishment of a structured market platform for physical coal trading in India.

Company will soon apply to Coal Controller Organization to secure license for setting up Coal Exchange under relevant regulatory provisions.

The proposed exchange is intended to facilitate electronic spot trading of coal through standardized contracts, enabling transparent price discovery and defined settlement mechanisms for market participants including producers, consumers and traders. The initiative is aligned with the Government of India’s coal sector reforms, including commercial mining and liberalised coal sales, and is expected to support the development of a formal, transparent and efficient market structure for coal transactions, subject to incorporation of the entity and receipt of applicable approvals.

History of Formation of Coal Exchange in India

India’s coal exchange is still in the formative stage — it has not yet been launched, but its roots lie in decades of coal sector reforms, beginning with nationalization in the 1970s, liberalization in the 1990s, and recent government initiatives to create a transparent, structured market for physical coal trading.

Background: Coal Sector Evolution in India

• Pre‑Independence & Early Years: Fragmented private ownership and limited regulation.
• 1950s Planning: Creation of National Coal Development Corporation (NCDC) in 1956.
• 1970s Nationalization: Consolidation under Coal India Limited (CIL) in 1975.

Liberalization & Reform Era

• 1990s–2000s: Captive mining allowed for industries like power and steel.
• 2014 onwards: Commercial coal mining introduced; auctioning of coal blocks.
• 2020s Reforms: Liberalized coal sales and digital governance initiatives.

Formation of the National Coal Exchange

• Regulatory Push: SEBI approved NSE’s investment in the proposed National Coal Exchange of India Limited.
• Next Steps: Application to Coal Controller Organization for license.
• Purpose: Electronic spot trading of coal via standardized contracts.
• Alignment: Supports India’s coal sector reforms and transparent market structure.

The coal exchange is not yet operational but represents the culmination of decades of restructuring — from nationalization to liberalization — now moving toward a market‑driven, transparent trading platform.

About National Stock Exchange of India Limited (NSE):

National Stock Exchange of India (NSE) was the first exchange in India to implement electronic or screen-based trading. It began operations in 1994 and is ranked as the largest stock exchange in India in terms of total and average daily turnover for equity shares every year since 1995, based on SEBI data. NSE has a fully integrated business model comprising exchange listings, trading services, clearing and settlement services, indices, market data feeds, technology solutions and financial education offerings. NSE also oversees compliance by trading, clearing members and listed companies with the rules and regulations of SEBI and the exchange. NSE is a pioneer in technology and ensures the reliability and performance of its systems through a culture of innovation and investment in technology. NSE is the world’s largest derivatives exchange by trading volume (contracts) for calendar year 2025 as per the statistics maintained by Futures Industry Association (FIA). NSE is ranked third in the world in equity segment by number of trades (electronic order book) in 2025, as per the statistics maintained by World Federation of Exchanges (WFE).

Three Well-Known Indian Stock Market Companies Worth Watching Right Now

India’s stock market has flourished, developing into one of the most dynamic in the world. New start-ups are generating a constant buzz of anticipation while established companies command attention due to their scale, long-term stability, and growing impact on the broader Indian economy.

Well-known companies on the Indian market offer fantastic insight into movements within their sector, strategic positioning, pivot points, and how to cultivate long-term investor relationships.

Three prominent names on the National Stock Exchange of India (NSE) are shining examples of how to remain relevant in a constantly developing market. Their strategies and ability to position themselves in a competitive market are examples that many newer companies would do well to try to emulate.

Reliance Industries: Building India’s Most Diversified Conglomerate

Reliance Industries is proof that a company can reinvent itself without sacrificing an existing foothold in the market. The company started in textiles before moving into petrochemicals. From there, they branched into consumer retail, digital platforms, and telecommunications. Slowly, Reliance Industries has built a brand that matches its name, forging an ecosystem that is relied upon by millions of Indians every day.

Reliance’s Evolution: Energy to Digital Dominance

Reliance’s growth and transformation in just ten years has been remarkable. While the company maintains a foothold in the oil and gas industry, its primary area of investment is in the Reliance Retail and Jio platforms.

Reliance Retail has thousands of stores across the country, offering a wide range of products. With stores selling everything from groceries to electronics, the brand is India’s most profitable retailer.

Jio, the company’s telecommunication arm, disrupted the industry. An aggressive marketing strategy and substantial infrastructure investment enabled Jio to change the way Indians access the internet.

By diversifying through horizontal channels as well as vertical integration, Reliance Industries has a hand in everything from energy production to digital services. The company is now ingrained in daily life and can scale its operations as required to cope with booms or downturns within any specific sector.

What Makes Reliance a Market Bellwether

With its size and industry spread, Reliance Industries has substantial weight in Indian stock indices. This means that its performance as a company has a direct influence on the broader markets. Investors use the company’s quarterly filings to track company profitability, as well as to access detailed consumer analytics, including consumer spending, digital adoption rates, and feedback on infrastructure investment requirements.

Keeping its eyes on the future, Reliance is investing in green energy solutions, new commerce platforms, and advanced materials. These moves cement Reliance at the heart of India’s drive for economic modernisation.

Tata Consultancy Services (TCS): India’s IT Export Champion and Market Indicator

Tata Consultancy Services (TCS) is the largest IT service provider in India, both in terms of revenue and market capitalization. The primary marker for national IT sector health, it also stands as a proxy for global enterprise technology spending.

TCS’s Global Client Relationships Drive Revenue Stability

TCS has crafted a reputation for delivering complex IT projects to a range of multinational businesses across a range of sectors. The company emphasises long-term relationships with clients that provide stable revenue visibility. From banking and insurance to retail and manufacturing, TCS manages systems for some of the world’s largest institutions. TCS’s focus on governance and consistency has helped it become the trusted partner of companies facing strict compliance requirements.

With hundreds of thousands of employees globally, the company has built a client base that spans from North America to Europe. It has also been making recent gains through the Asia-Pacific markets.

How TCS Stays Ahead of Technology Trends

The IT services industry stands at the forefront of technical innovation. TCS invests heavily in new and future technologies while also ensuring it maintains focus on its core offerings. Shifting from traditional IT infrastructures to cloud migrations, AI implementation, and the move towards expanding digital initiatives, TCS ensures its teams are well-versed in these technologies.

With such a vast and diverse workforce, the company works hard to ensure everybody is trained and ready to meet the ever-evolving needs of their clients.

The challenge lies in reskilling its massive workforce to meet evolving client demands. The company runs extensive training programmes to equip employees with skills in emerging technologies.

For investors, TCS repeatable revenue model and strong client reputation make it a relatively safe, defensive option.

Infosys – Positioning as Technology Partner, Not Vendor

Infosys is another IT service provider, but it chose to follow a different strategic path than TCS. With an emphasis on digital services transformation, Infosys positioned itself as a technology partner rather than an outsourced service provider.

Leadership Stability Drives Strategic Execution at Infosys

The IT services market is a crowded place, and Infosys made the direct decision to differentiate itself from the rest by investing heavily in automation and artificial intelligence. This move has allowed them to step away from traditionally labour-intensive legacy maintenance solutions.

Infosys initially struggled to maintain leadership stability; however, this has calmed since the 2018 appointment of CEO Salil Parekh, whose tenure has now been secured through 2027. This led to an increased ability in the company to execute strategic initiatives effectively, building a culture that balances ambition and expectation.

Key Metrics That Set Infosys Apart

Infosys has developed a strong reputation as a company that allows it to withstand strong competition from domestic and international competitors. As a company, it prioritizes long-term contracts and concentrates its client base in specific sectors, ensuring it has the oversight to respond to any industry fluctuations ahead of time.

Domestically, Infosys draws many parallels with Wipro and HCL Technologies. However, its revenue growth rate and client acquisition process are key metrics that set it apart from the competition.

Understanding Investment Risk in Indian Markets

Any stock market investment carries risk, and even the most well-established company can face challenges, from small downturns to seismic shifts in the face of regulatory changes and competitive pressures.

Many internal and external factors impact a company’s stability and profitability. Global economic conditions, the increasingly complex geopolitical landscape, and technological disruptions can all have a heavy and sudden impact on stock pricing.

Before making any investments, it is vital to seek proper guidance and support from industry professionals. To that end, this article is created to provide business context and not direct investment recommendations.

Beyond Traditional Sectors: Digital Gambling as an Investment Category

Beyond the traditional energy and technology sectors, investors are also starting to focus on more specialized industries, such as regulated gambling and other forms of digital entertainment. Until recently, this included limited exposure within India, but recent legislative changes have shifted investment interest toward international markets instead.

These sectors combine technology and entertainment, creating an unconventional business model that requires strict regulations, an eye for innovation, and a need for user protection.

Understanding the Business Model of Online Gaming Platforms

Gambling platforms combine entertainment with technology in a relationship that has grown more complex as things have moved into the digital space. Running a successful gambling platform requires an understanding of hospitality, software development, customer acquisitions, and regulatory compliance.

Regulation is the cornerstone of digital entertainment. Operators face strict licensing requirements that span different jurisdictions. India’s recent move to criminalise real-money online gambling illustrates how quickly a viable domestic investment thesis can be replaced by the need for international exposure.

From Blackjack to Slots: Popular Online Casino Offerings

Digital gambling platforms operating outside India offer a range of entertainment options, including live card-dealing table games. Dealers stream the games from real work locations, and people join online to play their hands. Poker and online blackjack are long-standing favourites, alongside digital slot machines and roulette in jurisdictions where such offerings are legal.

Each platform offers its own twist to games, including bonuses and special offers designed to entice people to stay and play for longer. Responsible gaming measures remain essential, particularly as Indian investors now evaluate this sector primarily through offshore operators and international listings.

The Compliance Burden in Digital Gaming Operations

Regulation is a vital part of the online gambling business model. From strict licensing requirements, advertising restrictions, tax policies, anti-money laundering measures, and responsible gambling mandates, digital casinos must operate within very tight confines. India’s recent ban demonstrates how domestic investment opportunities in this sector can disappear rapidly, forcing a shift toward markets with clearer regulatory frameworks.

Changes to legislation or regulatory developments can appear overnight and dramatically impact online gambling stock operations. Political attitudes and public policy debates can have a heavy impact on business success, making it a highly volatile sector.

What These Companies Teach About Market Success

The business models and operational approaches taken by the biggest names on the NSE can serve as strong teaching grounds for new businesses or those that are struggling to find stability and sustained growth.

Whether studying the diversifying approach taken by Reliance, the direct focused approach to services shown by TCS, or the boldness of venturing into specialized and always changing sectors like gambling, the same foundational points emerge.

Detailed analysis, informed engagement, and a focus on building lasting relationships with clients are imperative for long-term stock market success. Any business must approach the market with curiosity and an innovative mindset while maintaining appropriate levels of caution.

Think Before You Click: SEBI’s #SEBIvsSCAM Campaign Targets Fake Apps, Deepfakes, and Dubious Tips

Securities and Exchange Board of India (SEBI) has launched a nationwide investor awareness campaign titled #SEBIvsSCAM, aimed at educating investors about various types of financial scams and how to safeguard themselves. This initiative is part of SEBI’s ongoing commitment to protect the retail investors from such scams in the securities market. Under SEBI’s guidance and regulatory oversight, the National Stock Exchange of India Ltd. (NSE) has rolled out a comprehensive investor protection drive to support this campaign.

The campaign comes at a critical time when digital financial frauds are on the rise, with fraudsters using increasingly sophisticated and deceptive methods to target investors. From fake trading apps and deepfake videos to unregistered investment advisors and misleading stock tips on social media, scammers are exploiting technology and denting investor’s trust. Many individuals fall prey to schemes promising guaranteed returns/unusually high returns, pump-and-dump tactics, dabba trading, fraudulent foreign portfolio investment offers, etc—often resulting in significant financial losses.

#SEBIvsSCAM seeks to raise public awareness, promote safe investing habits and empower investors to make informed decisions. By spotlighting common scams and offering guidance, the campaign aims to help investors recognize warning signs, verify sources and report suspicious activities—ultimately contributing to a more secure and transparent financial ecosystem.

To ensure maximum outreach, NSE, under the aegis of SEBI will leverage a mix of media platforms including television, radio, print, digital and social media. We will also spread the Investor Awareness messages through Investor Awareness Programs which are done through physical, digital and hybrid modes. This multi-channel approach is designed to reach investors across urban and rural areas, in multiple languages and through formats that are accessible and engaging to diverse audiences.

Investor Advisory: Stay Alert, Stay Protected

• Do not fall for promises of assured or fixed returns in the securities market. Such offers are illegal and misleading.
• Avoid unsolicited messages from unknown sources. Always verify information through official websites such as SEBI, NSE or the concerned company.
• Do not download unregulated apps or join chat groups offering investment advice.
• Engage only with SEBI-registered intermediaries or research analysts. Verify their credentials at: https://www.sebi.gov.in/sebiweb/other/OtherAction.do?doRecognised=yes
• Download trading apps only from SEBI-registered trading members via official app stores. Verify apps https://www.nseindia.com/trade/members-compliance/list-of-mobile-applications
• Transfer funds only to registered client bank accounts of your stockbroker. Verify account details at https://enit.nseindia.com/MemDirWeb/form/tradingMemberLocator_beta.jsp
• From October 1, 2025, investors will be able to make payments to SEBI-registered intermediaries using a standardized UPI handle format (e.g., abc.brk@validbank) .
• Report any fraudulent activity at www.cybercrime.gov.in or call the Cybercrime Helpline at 1930. For investor support, contact NSE at 1800 266 0050.

Issued in public interest by the National Stock Exchange of India Ltd under the aegis of Securities and Exchange Board of India.

NSE and Odisha Govt Sign MoU to Enhance Financial Literacy Through Investor Awareness Programs and Student Skilling in the BFSI Sector Across Odisha

India’s leading stock exchange, the National Stock Exchange (NSE) and the Government of Odisha signed a Memorandum of Understanding (MoU) to enhance Financial Literacy through Investor Awareness Programs and to implement the Student Skilling Programs for the youth across Odisha.

This MOU was exchanged between Shri Sriram Krishnan, Chief Business Development Officer, NSE and Shri Prashant Kishore Mohapatra, Special Secretary, Govt. of Odisha in the distinguished presence of Suryabanshi Suraj, Hon’ble Minister of State(I/C), Higher Education, Sports & Youth Services, Odia language, Literature & Culture, Govt. of Odisha, today at Bhubaneshwar.

As part of the understanding, NSE with the support of the Government of Odisha shall conduct awareness drive through seminars, camps, knowledge sessions, road shows, workshops to spread financial literacy and investor awareness. This MoU also aims to empower the youth with industry-relevant skills and enhance their employability in the BFSI sector.

Odisha has an expanding financial ecosystem and it is imperative to empower the students, investors and corporates. This understanding embraces various fabrics of the financial ecosystem targeting various stakeholders. This multifaceted MoU is a step towards enhancing financial literacy, promoting investor awareness and fostering empowerment of the existing and new investors. Additionally, the MoU focuses on preparing youth with essential skills through NSE’s Student Skilling Program—an initiative aligned with the central government’s vision of unlocking human capital and enabling both employability and self-employment in the BFSI sector.

Shri Suryabanshi Suraj, Hon'ble Minister of State(I/C), Higher Education, Sports & Youth Services, Odia language, literature & Culture, Govt. of Odisha said, "The Government of Odisha is proud to partner with NSE to drive financial literacy, investor awareness and student skilling in our region. This MoU is not just about expanding financial knowledge; it is about empowering our students with the knowledge and skills they need with respect to financial sector. Together, we are creating a robust financial ecosystem that will pave the way for sustainable growth in Odisha”.

Shri Sriram Krishnan, Chief Business Development Officer, NSE said, “Our collaboration with the Government of Odisha highlights our shared dedication of boosting financial literacy and empowering investors. Through initiatives like investor awareness programs and the Student Skilling Program, we are fostering a well-informed community for both seasoned and new investors. Moreover, we are also committed to equipping the youth of Odisha with the vital skills needed to thrive in today's ever-evolving financial landscape.”

From April 2024 to March 2025, NSE conducted 14,679 Investor Awareness Programs across all 36 states & Union Territories in 14 languages, reaching more than 8 lakh participants. Under the Student Skilling Program more than 7500 students have been trained across various states.

NSE Crosses 22 Crore (220 Million) Total Investor Accounts

The National Stock Exchange of India marked another milestone in April 2025, with the total number of investor accounts i.e., Unique Client Codes (UCCs) surpassing 22 crore (220 million), a sharp increase within just six months of crossing the 20-crore mark (200 million) in October 2024.

Separately, the number of unique registered investors stands at 11.3 crore (As of March 31st, 2025), having crossed the 11 crore (110 million) mark on January 20th, 2025.

An investor may maintain accounts with different brokers, resulting in multiple client codes. Maharashtra leads with the highest number of investor accounts at 3.8 crore, followed by Uttar Pradesh (2.4 crore), Gujarat (1.9 crore), and Rajasthan and West Bengal at approximately 1.3 crore each. Together, these states account for nearly 49% of total accounts, while the top ten states contribute roughly three-fourths of the overall count.

The benchmark Nifty 50 Index has delivered a strong 22% annualized return over the past five years while Nifty 500 Index has delivered a 25% annualized return, demonstrating significant wealth creation for investors during this period. NSE’s Investor Protection Fund (IPF), increased by over 23% year-on-year to Rs 2,459 crore as of March 31, 2025.

Shri Sriram Krishnan, Chief Business Development Officer, NSE said, “India’s investor base continues to expand rapidly, with over 2 crore new accounts added in just six months—a clear reflection of strong investor confidence in India's growth trajectory despite global economic headwinds. This surge has been driven by accelerated digital transformation and the increasing adoption of mobile trading, which have made capital markets more accessible to investors across tier 2, 3, and 4 cities. The growth also highlights the success of focused initiatives to deepen retail participation, including widespread financial literacy programs and streamlined KYC processes. As participation broadens across a range of instruments— Equities, ETFs, REITs, InvITs, and Bonds—this milestone signals a maturing financial ecosystem where technology is playing a pivotal role in democratizing investment opportunities.”

NSE Listed Indian Companies’ Market Capitalization Surpass USD 5 Trillion

The market capitalization of Indian listed companies on NSE surpassed USD 5 Trillion (Rs 416.57 trillion) on May 23, 2024. On the same day, the Nifty 50 Index touched an all-time high of 22,993.60 The Nifty 500 index also touched an all-time high of 21,505.25 today indicating that growth in equity market is not restricted to only the large, capitalized stocks.

The journey of market capitalization of Indian listed companies from to USD 2 trillion (July 2017) to USD 3 trillion (May 2021) took about 46 months, USD 3 trillion to USD 4 trillion (December 2023) took about 30 months and the latest USD 1 trillion addition took only about 6 months. The top 5 companies by market capitalization are Reliance Industries Limited, TATA Consultancy Services Limited, HDFC Bank Limited, ICICI Bank Limited and Bharti Airtel Limited.

In the last 10 years, Nifty 50 index has delivered 13.4% returns (Total price index CAGR). During the same period, domestic mutual fund assets under management (Equity and Debt) increased by 506% from Rs 9.45 trillion end of April 2014 to Rs 57.26 trillion end of April 2024. The Foreign Portfolio investors (FPIs) assets under management (Equity and Debt) increased by 345% from Rs 16.1 trillion end of April 2014 to Rs 71.6 trillion at the end of April 2024.

Growth in market capitalization is not restricted to the top companies but is observed across stocks. The constituents of Nifty 100 index now account for 61% of market capital as compared to 74.9 % of total market capital as of April 2014. The resource mobilization by corporates including the Small and Medium Enterprise in the primary market has been encouraging and has provided an effective alternative mechanism in addition to the traditional methods of fund raising.

Liquidity in secondary market has also improved significantly in Capital Market Segment. The equity segment’s daily average turnover has increased by over 4.5 times from Rs 17,818 crores in FY15 to Rs 81,721 crores in FY24.

The achievement of this milestone is a testament of the vision outlined for the Amrit Kaal which includes a technology-driven and knowledge-based economy with strong public finances, and a robust financial sector.

Exchange has recently launched derivatives on the Nifty Next 50 index. With this launch, Exchange has provided derivatives on 3 broad market indices namely the Nifty 50 Index, Nifty Next 50 Index and Nifty Midcap Select Index giving a fair representation of large and liquid mid-capitalization segment of the market.

Shri Sriram Krishnan, Chief Business Development Officer, NSE said, “I would like to thank the Government of India, Securities Exchange of Board of India, and Reserve Bank of India for supporting the capital market ecosystem with progressive regulatory frameworks. I congratulate listed companies, trading members, investors, and all other stakeholders on achievement of this important milestone.

Increase in the latest USD 1 trillion in market capitalization in very short time of around 6 months only reposes the faith of investors in the Indian economy in the years to come. NSE as a Market Infrastructure Institution will continue to thrive and provide the best-in-class market infrastructure and a robust platform for investors as well as for resource mobilization for issuers, thereby supporting the important aspect of capital formation in the country.”

India’s 1st NGO Focused on Girls’ Education to Get Listed on the Social Stock Exchange of the NSE

Educate Girls ‘rings the bell’ as India’s 1st NGO focused on girls’ education to get listed on the Social Stock Exchange

The event was hosted by the National Stock Exchange under the leadership of Shri Ashishkumar Chauhan, Managing Director & CEO, National Stock Exchange (NSE), and attended by Dr. Harish Ahuja, Head, Sustainability, Products & Strategy Development (Carbon & Power Markets), Investor awareness/Service, Primary Markets Relationships, National Stock Exchange (NSE), and Gayatri Nair Lobo, CEO, A.T.E. Chandra Foundation

In a pioneering step towards bridging the gender gap in education in India, Educate Girls, a leading non-profit organisation, announced its listing on the Social Stock Exchange (SSE) of the National Stock Exchange (NSE). Marked by a bell-ringing ceremony, the event distinguished Educate Girls as the first organisation dedicated to girls' education to be listed on the SSE. Educate Girls is among the first 10 NGOs listed on this innovative platform, alongside SGBS Unnati Foundation, Ekalavya Foundation, and Swami Vivekananda Youth Movement, who have also embraced the SSE to further their missions.

Preceding the listing was the successful issue of Educate Girls’ Zero-Coupon Zero-Principal (ZCZP) bonds. These ZCZP bonds aimed to raise funds to mobilise over 7,000 marginalised children for enrolment, retention, and enhance learning outcomes in foundational literacy and numeracy in some of the most remote, rural, and educationally backward villages of Bahraich district, in northeastern Uttar Pradesh at the Indo-Nepal border.

The bell-ringing ceremony witnessed the participation of supporters of girls’ education. Notable supporters include EdelGive Foundation, Zerodha, and A.T.E. Chandra Foundation. The event was attended by Dr Harish Ahuja, Head, Sustainability, Products & Strategy Development (Carbon & Power Markets), Investor awareness/Service, Primary Markets Relationships, National Stock Exchange (NSE) who congratulated Educate Girls and the entire team. He appreciated the innovative use of technology and predictive algorithms by Educate Girls for social impact.

"A listing on the Social Stock Exchange is a significant milestone, not just for Educate Girls, but for every girl fighting for her right to education. With the SSE listing, we are setting a precedent that opens many doors for focused investments towards creating gender equality in education. We are immensely proud to be at the heart of carving out the path towards an equitable future,” said Safeena Husain, Founder and Board Member, Educate Girls.

“The SSE initiative is an innovative financial avenue endorsed by the Honourable Finance Minister, aimed at connecting social enterprises with impact investors. We are excited to be one of the first 10 NGOs to be listed in this initiative, which unlocks new possibilities for nation building. The introduction of Educate Girls into this network reflects a maturing ecosystem that values social returns on investment, setting a benchmark for future listings,” said Maharshi Vaishnav, CEO of Educate Girls.

As Educate Girls continues to champion the cause of accessible education for all girls, this listing on the SSE is a call to action for investors and policymakers to view education through a lens of sustainability and social impact. The success of this initiative is a testament to what can be
achieved when innovation is harnessed to serve humanity’s most pressing needs.

About Educate Girls

Educate Girls is a non-profit that collaborates with state governments and mobilises village communities for girls' education in India's rural and educationally backward areas in alignment with the ‘Right to Education Act’ and “Beti Bachao Beti Padhao.” Since 2007, in partnership with state governments, Educate Girls has mobilised over 18 lakh girls for school enrolment in over 29,000 villages of Rajasthan, Madhya Pradesh, Uttar Pradesh, and Bihar. Website – www.EducateGirls.ngo

NSE Warns Investors Against Deepfake Videos of Its CEO Recommending Stocks

The National Stock Exchange (NSE) has issued a warning to caution investors, advising them to be wary of deepfake videos featuring its chief executive offering stock recommendations. These videos appear to have been created using advanced technologies to mimic the voice and facial expressions of NSE CEO Ashishkumar Chauhan.

"We have observed the use of face / voice of Shri Ashishkumar Chauhan, PID & CEO NSE and NSE logo in a few investment and advisory audio and video clips falsely created using technology," said NSE in an official press release.

NSE officials are not authorized to endorse or engage in any stock-related activities. This alert comes amid a backdrop of thriving equity markets and a surge in retail investor participation. Regulators have expressed concerns about the potential misuse of social media platforms by financial influencers to attract investors. Remember to verify information from official sources and exercise caution when encountering investment advice online.

Such videos seem to have been created using sophisticated technologies to imitate the voice and facial expressions of Shri Ashishkumar Chauhan, PID & CEO of NSE.

Investors are hereby cautioned not to believe in such audio and videos and not follow any such investment or other advice coming from such fake videos or other mediums. It may be noted that NSE’s employees are not authorised to recommend any stock or deal in those stocks.

Additionally, NSE makes efforts requesting these platforms to take down these objectionable videos, wherever possible.

As per NSE’s process, any official communication is made only through its official website www.nseindia.com, and the Exchange’s social media handles - Twitter: @NSEIndia, Facebook: @NSE India, Instagram: @nseindia, Linkedln: @NSE India, YouTube: NSE India.

Everyone is requested to verify the source of communication and content which is sent out on behalf of NSE and to check the official social media handles.

All investors are requested to take note of the same and verify the information coming from NSE or its officials from its website www.nseindia.com as the official information.

Investors & the public at large are advised to take note of the above.

 

National Stock Exchange and Uttarakhand Govt Sign MoU To Enable The State's SMEs Raise Funds via IPOs

Also discussed, issuances of Sustainability Linked Bonds towards financing infrastructure and development projects. 

India’s leading stock exchange, National Stock Exchange (NSE) and the Government of Uttarakhand have signed a Memorandum of Understanding (MoU) to spread awareness amongst MSMEs of the state for fund raising via IPO mechanism using NSE SME Platform - Emerge.

A team of Senior officials of Uttarakhand Government led by Hon’ble Chief Minister, Shri Pushkar Singh Dhami, visited NSE, Head Office at BKC, Mumbai today.

The MoU was exchanged between the Government of Uttarakhand and National Stock Exchange on 6th November 2023 at NSE BKC office, Mumbai. As part of the understanding, NSE with the support of the Government of Uttarakhand, will conduct awareness drive through seminars, MSME camps, knowledge sessions, road shows, workshops to guide corporates across the state for fund raising on NSE Emerge platform and handhold the companies in the listing process.

In addition to the customa5ry bell ringing ceremony, a high-level meeting was held among Uttarakhand Government & NSE officials in the presence of Hon’ble Chief Minister Shri Pushkar Singh Dhami and Shri Ashishkumar Chauhan, Managing Director & CEO, NSE. During the meeting various issues including the launch of Sustainability Linked Bonds/Green bonds, Outcome funding on Social Stock Exchange (SSE), generating employment opportunities for rural and urban youth, opportunities in the sector of Power trading and Investor Awareness Sessions across the state were discussed.

Hon’ble Chief Minister Shri Pushkar Singh Dhami, Government of Uttarakhand, said: “The Dev Bhoomi of Uttarakhand is a spiritual land brimming with natural destinations including rivers, glaciers and multiple such attractions. I congratulate the Directorate of Industries (MSME) of the Government of Uttarakhand for signing a MoU with the National Stock Exchange to encourage and support the MSMEs of our state and enable them to pursue the capital market for growth opportunities. As a part of the MOU, we shall jointly conduct awareness sessions for the MSMEs to help them understand the process of fund raising and the benefits of listing on the stock exchange and providing financial literacy programs for youth of the state. We envision launch of Sustainability Linked Bond / Green Bond for infrastructure projects.”

Shri Ashishkumar Chauhan, MD & CEO, NSE said, “Today, at NSE BKC Office, Government of Uttarakhand and National Stock Exchange have entered in a MoU to collaborate and support the growth of MSMEs via NSE Emerge, an alternative fund-raising platform for MSMEs. NSE Emerge enables SMEs to raise capital in an efficient manner and increase their visibility through the listing on the stock exchange.in collaboration with the Government and provide a walk-through of the fund-raising process. We urge the state MSMEs to come forward and avail the new source of financing through NSE Emerge. We are also committed to work with the state government to facilitate issuance of Sustainability Linked Bonds, Outcome funding on Social Stock Exchange (SSE), generating entrepreneurship opportunities for rural and urban youth, opportunities in the sector of Power trading and Investor Awareness Sessions across the state. We look forward for long term association with Government of Uttarakhand for exploring new opportunities under financial market development activity.”

National Stock Exchange of India (NSE) is the world’s largest derivatives exchange by trading volume (contracts) as per the statistics maintained by Futures Industry Association (FIA) for calendar year 2022. NSE is ranked 3rd in the world in the cash equities by number of trades as per the statistics maintained by the World Federation of Exchanges (WFE) for calendar year 2022. NSE was the first exchange in India to implement electronic or screen-based trading. It began operations in 1994 and is ranked as the largest stock exchange in India in terms of total and average daily turnover for equity shares every year since 1995, based on SEBI data. NSE has a fully integrated business model comprising exchange listings, trading services, clearing and settlement services, indices, market data feeds, technology solutions and financial education offerings. NSE also oversees compliance by trading, clearing members and listed companies with the rules and regulations of SEBI and the exchange. NSE is a pioneer in technology and ensures the reliability and performance of its systems through a culture of innovation and investment in technology.

For more information, please visit: www.nseindia.com

NSE Launches 13 New Commodity Derivatives Contracts on October 16, 2023

National Stock Exchange (NSE) is pleased to announce the launch of 13 new commodity derivatives contracts on October 16, 2023. With this launch, NSE offers 28 products in the Commodity Derivatives Segment.

The 13 new derivatives contracts include:

• ‘Option on Futures’ on Gold 1kg Futures, Gold Mini Futures, Silver Mini Futures, Copper Futures and Zinc Futures
• Gold Guinea (8 grams) Futures, Aluminium Futures, Aluminium Mini Futures, Lead Futures, Lead Mini Futures, Nickel Futures, Zinc Futures and Zinc Mini Futures

Over the last few days, the Exchange has launched 6 new derivatives contracts:

1. WTI Crude Oil – Mini Futures and Options on Futures contract
2. Natural Gas – Mini Futures and Options on Futures contract
3. Silver – Mini Futures and Micro futures contracts

The Exchange already had commodity contracts on Gold 1kg Futures, Gold Mini Futures, Gold Petal Futures (1 gram), Silver 30 Kg futures, Silver 30 Kg Option on Goods, WTI Crude Oil Futures, Natural Gas Futures, Brent Crude Oil Futures and Copper Futures.

The Exchange has seen increased interest from participants in its Commodity Derivatives Segment, with the launch of new products, particularly the derivatives on WTI Crude Oil and Natural Gas. Participation is observed from diverse categories of participants including Foreign Portfolio Investors (FPIs) and Domestic Mutual funds.

The Exchange has set up dedicated teams to provide ease of onboarding for new trading members, segmental enablement for existing trading members and other operational process such as algorithmic trading approvals for providing ease and seamless experience.

Shri Sriram Krishnan, Chief Business Development Officer, NSE said: “We are pleased to announce expansion of our product offerings in the Commodity Derivatives Segment. With the launch of 13 new products today, futures and options on all key products in Energy, Bullion and Base Metals category are available on NSE platform. This will enable participants to efficiently manage their risk across commodities on the exchange platform.”

National Stock Exchange of India (NSE) is the world’s largest derivatives exchange by trading volume (contracts) as per the statistics maintained by Futures Industry Association (FIA) for calendar year 2022. NSE is ranked 3rd in the world in the cash equities by number of trades as per the statistics maintained by the World Federation of Exchanges (WFE) for calendar year 2022. NSE was the first exchange in India to implement electronic or screen-based trading. It began operations in 1994 and is ranked as the largest stock exchange in India in terms of total and average daily turnover for equity shares every year since 1995, based on SEBI data. NSE has a fully integrated business model comprising exchange listings, trading services, clearing and settlement services, indices, market data feeds, technology solutions and financial education offerings. NSE also oversees compliance by trading, clearing members and listed companies with the rules and regulations of SEBI and the exchange. NSE is a pioneer in technology and ensures the reliability and performance of its systems through a culture of innovation and investment in technology.

For more information, please visit: www.nseindia.com

NITIE and NSE Join Hands for Academic/Research Collab in Economics & Finance Including FinTech

The National Stock Exchange of India Limited (NSE), India’s leading stock exchange, and the National Institute of Industrial Engineering (NITIE) Mumbai, one of the leading business schools in the country offering education, training and industrial consultancy in the field of Engineering Management signed an MoU for academic and research collaboration in the field of Finance and Economics.

NITIE was formerly known as National Institute for Training in Industrial Engineering, and is a graduate business school under Ministry of HRD, Government of India. It has been ranked 7th in the NIRF Ranking 2023 management category.

The NITIE & NSE MoU covers a wide range of activities including capacity building through design and development of courses in Finance & Economics, undertaking research in cutting edge areas including Fintech and organizing seminars, conferences, and symposia among others, with the underlying objective of creating an industry-ready talent pool by utilizing mutual capabilities.

NSE and NITIE will also collectively work towards contributing to the literature on financial market research in the country and promoting general financial market awareness and policy advocacy. The MOU was signed by Prof. Vivekanand Khanapuri, Dean (Sponsored Research & Industrial Consultancy), NITIE and Dr. Tirthankar Patnaik, Chief Economist, NSE on Thursday, June 22nd, 2023 at NSE’s headquarters in the presence of Shri. Ashishkumar Chauhan, MD & CEO of NSE and senior faculty members from NITIE.

On this occasion, Shri Ashishkumar Chauhan said: “Financial market education is pivotal for attaining greater financial inclusion in our country. The youth of today are the growth engines of our country and therefore require access to the best pedagogy that is designed to meet the current demands of the economy and provide the competency required to fulfill their career aspirations and achieve financial freedom. NSE is happy to collaborate with NITIE to work towards enhancing financial education in India that will the economy, markets and investors.”

Prof. Manoj Kumar Tiwari, Director, NITIE said “This is a momentous occasion for us as it will open newer learning opportunities for our students in the field of finance. The NSE would benefit from the in-depth knowledge and analytical abilities of the NITIE faculty and students. Moreover, the synergistic effects of this collaboration will help in building the right kind of talent pool that India’s ever-expanding financial sector requires. I am confident that the outcome of this association will be positive and mutually beneficial”.

NSE to Set Up Social Stock Exchange (SSE) As A Separate Segment

National Stock Exchange of India (NSE) received in-principle approval from the Securities Exchange Board of India (SEBI) on December 19, 2022, to set up a Social Stock Exchange (SSE) as a separate segment of the NSE.

Earlier, Hon'ble Finance Minister, Smt. Nirmala Sitharaman, in her Union Budget speech of 2019-20 had proposed creation of a Social Stock Exchange, under the regulatory ambit of Securities and Exchange Board of India (SEBI) for listing social enterprises and voluntary organizations working for the realization of a social welfare objective, so that they can raise capital as equity, debt or as units like a mutual fund.

Government of India, through gazette notification has declared a new security “Zero Coupon Zero Principal (ZCZP)” under the Securities Contracts (Regulation) Act, 1956. The new instrument ZCZP can be publicly or privately issued by Not for Profit (NPO) upon registering with the Social Stock Exchange segment of NSE to raise funds subject to fulfilment of eligibility criteria. Currently the regulations have prescribed the minimum issue size as Rs 1 crore and minimum application size for subscription at Rs 2 lakhs. Subscription to the ZCZP would be like a philanthropic donation.

Shri Ashishkumar Chauhan, MD & CEO, NSE said: “NSE has always played a pivotal role in capital formation for the country. We are working towards the launch of Social Stock Exchange as a segment on NSE. We believe this platform will immensely benefit the social enterprises contributing to the Sustainable Development Goals.”

About National Stock Exchange of India Limited (NSE):

National Stock Exchange of India (NSE) is the world’s largest derivatives exchange by trading volume (contracts) as per the statistics maintained by Futures Industry Association (FIA) for calendar year 2021. NSE is ranked 4th in the world in the cash equities by number of trades as per the statistics maintained by the World Federation of Exchanges (WFE) for calendar year 2021. NSE was the first exchange in India to implement electronic or screen-based trading. It began operations in 1994 and is ranked as the largest stock exchange in India in terms of total and average daily turnover for equity shares every year since 1995, based on SEBI data. NSE has a fully integrated business model comprising exchange listings, trading services, clearing and settlement services, indices, market data feeds, technology solutions and financial education offerings. NSE also oversees compliance by trading, clearing members and listed companies with the rules and regulations of SEBI and the exchange. NSE is a pioneer in technology and ensures the reliability and performance of its systems through a culture of innovation and investment in technology.

For more information, please visit: www.nseindia.com

NSE Signs Mou with the First Fintech Accelerator, Finx Labs at IFSC, Gift City

A FinTech Startup Accelerator, to support growing Indian FinTech’s

Joint venture by DevX, Savvy, and Flexworx

MoU signed with NSE for collaboration

Aimed at driving growth and scaling in Fintech arena

Ahmedabad, August 27, 2021: FinX Labs today announced the opening of its startup accelerator and co-working space, the first of its kind within the IFSC (International Financial Services Centre) at Pragya, GIFT city (Gujarat International Finance-Tec City). FinX Labs is a joint venture by Jaxay Shah (MD, Savvy Infrastructure), DevX co-working & accelerator and Flexworx by Collated, that aims to provide a platform for budding entrepreneurs and give a boost to the startup ecosystem within the fintech space.

Inaugurated under the vision of Mr. Injeti Srinivas, Chairperson GIFT IFSCA, Mr. Tapan Ray, MD & Group CEO, GIFT City and Dipesh Shah, Head Development and International Relations, GIFT IFSCA; FinX Labs is proud to enter into MOU with NSE (National Stock Exchange) as a knowledge partner. Speaking on the occasion, Mr. Jaxay Shah, MD Savvy Group, opined: “The GIFT IFSC was conceived precisely to act as a catalyst for ideas, ventures and endeavors that spur growth and harness synergies, propelling India’s standing in the international markets. FinX under the umbrella of IFSCA, will nurture fintech startups providing them with mentoring, funding, networking and access to global financial centres."

Emphasizing the need for collaboration, Mr. Ravi Varanasi, President, NSE Group said: "We believe this partnership will nurture fintech innovation to make GIFT City one of the foremost international hubs for breakthrough fintech products. Keen developmental approach of IFSC Authority is the catalyst in bringing about this transformation."

Voicing the views of the Startup ecosystem, Mr. Umesh Uttamchandani, Co-founder & CGO, DevX Co-working & Accelerator said: “It is the need of the hour for verticals to have segment-oriented accelerators to drive growth and provide every advantage possible. FinX labs is ideally positioned to mentor Fintech startups by handholding them with a structured framework and creating opportunities to scale. GIFT city is the obvious choice and ideal place to locate the Fintech accelerator with the ease of doing business and various financial incentives being offered like lower taxation numbers. We are sure that FinXlabs will help propel the Fintech startups forward."

Citing his views, Mr. Aniruddh Jhaveri, Partner at Flexworx quoted: “When we talk about dynamism we generally refer to startups or entrepreneurs, but we often forget that regulators also take the leap of faith alongside. The team at IFSCA is unparalleled and access to the regulatory sandbox is a wonderful way to test ideas under a controlled environment. FinX labs opens up a plethora of opportunities for businesses looking to setup shop in GIFT IFSC; give growing business a tint of agility with flexible plug and play infrastructure."

About NSE IFSC:

NSE IFSC is a wholly owned subsidiary of NSE. The trading at NSE IFSC Limited was launched on June 5, 2017 post receiving grant of recognition from SEBI. NSE IFSC has already launched trading in Indian and global stock derivatives, index derivatives, currency derivatives, depository receipts and non-agriculture commodity derivatives. SEBI & IFSC Authority has also permitted trading in wide range of products including equity shares of companies incorporated outside of India, debt securities of eligible issuers, interest rate derivatives and all categories of exchange traded products that are available stock exchanges in FATF/IOSCO compliant jurisdictions. In addition, the regulator has allowed FPIs to trade in commodity derivatives in GIFT IFSC.

For more information, please visit: www.nseifsc.com

About National Stock Exchange of India Limited (NSE):

National Stock Exchange of India (NSE) is the world’s largest derivatives exchange by trading volume (contracts) as per the statistics maintained by Futures Industry Association (FIA) for calendar year 2020. NSE is ranked 4th in the world in the cash equities by number of trades as per the statistics maintained by the World Federation of Exchanges (WFE) for calendar year 2020. NSE was the first exchange in India to implement electronic or screen-based trading. It began operations in 1994 and is ranked as the largest stock exchange in India in terms of total and average daily turnover for equity shares every year since 1995, based on SEBI data. NSE has a fully-integrated business model comprising exchange listings, trading services, clearing and settlement services, indices, market data feeds, technology solutions and financial education offerings. NSE also oversees compliance by trading, clearing members and listed companies with the rules and regulations of SEBI and the exchange. NSE is a pioneer in technology and ensures the reliability and performance of its systems through a culture of innovation and investment in technology.

U Gro Capital to Become the 1st Fintech Lending Platform to Be Listed on Both Stock Exchanges Starting August 11

To get listed on the National Stock Exchange on August 11; was previously listed on Bombay Stock Exchange

Aims to expand access to a larger set of investors and broker network

U GRO Capital, a technology enabled small business lending NBFC, today announced that it will get listed on the National Stock Exchange (NSE) on August 11. The company is listed on Bombay Stock Exchange (BSE) and with the NSE listing, the company aims to expand access to a larger set of investors and broker network. U GRO Capital’s fully paid-up 70,528,550 shares with face value of Rs. 10 each, symbol UGROCAP and series EQ, will be admitted to dealings on NSE.

U GRO Capital was instituted in 2017 by Mr. Shachindra Nath, with the buyout of Chokhani Securities Limited. This followed its re-capitalization and rebranding with a Tech-enabled MSME Lending Business model and diverse management team amassing 250 years of combined experience across the financial spectrum. The company has raised approximately INR 920 crore of capital from a diversified set of institutional investors like private equity funds and well-known family offices.

This model of acquiring a small, listed company and raising significant capital to build a FinTech platform was an industry first conceptualization. In most cases, the benefit of value creation through early-stage formation is only available to private investors. This distinctive model was adopted by U GRO Capital to provide the similar benefit to millions of retail investors in public markets.

The company is focused on addressing capital needs of small businesses operating in select eight sectors & Microenterprises by providing customized loan solutions. Towards the realization of the same, the company has built a distinctive technology architecture, a robust and highly efficient distribution channel. This has allowed the company to scale up to 34 branches across 9 states and serve over 9,000 MSME customers, within just three years of operations.

U GRO aspires to build an INR 20,000 Crores of asset under management in next five years and take approximately 1% market share of the outstanding MSME Credit in India by opening around 270 branches with an aim to serve over lacs of small business customers.

Mr. Shachindra Nath, Executive Chairman and Managing Director, U GRO Capital said -

We, at U GRO Capital, are delighted and consider getting listed on National Stock Exchange as a significant milestone. With this development, we aim to expand access to a larger set of investors and broker community. Our progress in three years has resonated well with our mission of solving the unsolved MSME credit gap. Continuing the momentum of achieving significant milestones as this, we plan to acquire 1% market share of the MSME lending business in India in the next five years, thereby creating value for our growing investor community.

U GRO Capital limited is a BSE listed, small business lending fintech platform. The Company is focused on addressing capital needs of small businesses operating in select eight sectors by providing customized loan solutions.

U GRO Capital’s mission is ‘Solve the Unsolved’ – Small Business Credit Need. U GRO Capital believes that the problem of small businesses can be solved by building deep expertise around core sectors of SMEs in India coupled with a data centric, technology-enabled approach.

The Company has raised ~INR 920 crore of capital from a diversified set of private equity funds like institutional investors and well-known family offices.

The Company strives to build a strong SME financing platform based on sectoral understanding supplemented by a fully integrated technology and analytics platform.

Sensex Plunges 10%, Trading Halts for 45 Mins

Equity benchmark Sensex sank nearly 3,000 points to hit its lower circuit limit in morning session on Monday, triggering a 45-minute trading freeze as coronavirus-led lockdowns across the world stoked fears of a massive global recession.

After opening 2,718 points lower, the BSE barometer plunged 2,991.85 points or 10 per cent to
26,924.11.

Similarly, the NSE Nifty fell 842.45 points, or 9.63 per cent, to 7,903.

As an automatic mechanism to freefall in the market, when an exchange plunges 10 per cent before 1 pm, trading is halted on stock exchanges for 45 minutes.

All Sensex components were trading in the red, with Axis Bank tanking up to 20 per cent, followed by ICICI Bank, IndusInd Bank, Bajaj Finance, Hero MotoCorp and M&M.

According to traders, extreme lockdown measures taken by government in India and world over has put immense pressure in investor sentiment.

As the virus cases climbed, the central and state governments in the country decided to lock down 75 districts from where Covid-19 cases have been reported to break the chain of transmission, and the Health Ministry said states would earmark hospitals to exclusively treat coronavirus patients.

Putting in place a tighter framework to curb high market volatility, Securities and Exchange Board of India (Sebi) on Friday announced revising market wide position limit for stocks in the derivatives segment, flexing dynamic price bands and other measures for one month starting from March 23.

These steps would limit short selling of shares as well as reduce volatility in individual stocks.

Stock exchanges and regulatory officials, however, dismissed suggestions about curtailment of trading hours in wake of the pandemic.

Bourses in Shanghai, Hong Kong and Seoul plunged up to 4 per cent, while Tokyo was trading with gains.

The rupee too plunged 92 paise against US dollar to 76.12.

Meanwhile, Brent crude oil futures fell 3 per cent to USD 26.17 per barrel.

The number of global Covid-19 infections has shot past 3,00,000. Worldwide fatalities topped 14,000. Cases in India rose to 390 over the weekend, according to the Health Ministry. PTI