The National Stock Exchange of India Ltd. reported a 23% increase in fiscal second-quarter profit, driven by robust trading volumes and heightened market volatility. The exchange recorded a net income of 25.8 billion rupees ($272 million) for the three months through September, compared to 21 billion rupees a year earlier. This marks the NSE's first earnings report since its public listing in September.
Brokers remain bullish, citing India's deepening capital markets, though the exchange faces regulatory headwinds including higher transaction taxes and foreign outflows. All nine brokerages tracked by Bloomberg maintain buy recommendations despite muted post-listing performance.
Source: Bloomberg Markets · Summarized by HeadlinesBriefing