NSE shares surged 1.9% on their debut, closing at ₹1,818 and valuing the exchange at ₹4.5 lakh crore—an instant 11‑th spot among India’s largest listed companies.
BSE’s average daily cash turnover hit ₹11,055 crore on September 20, a 17% jump from the ₹9,410 crore average in August and the highest level seen in 27 months.
The spike follows a pattern where block deals have historically driven BSE volumes, but this time the lift came from trading in NSE shares after its market debut. In March 2017, block deals worth ₹2.32 lakh crore pushed turnover to ₹13,141 crore, while June 2024’s ₹1.01 lakh crore deals nudged it to around ₹12,000 crore—making September’s figure the third‑highest on record.
Macquarie Group has added NSE to its coverage, giving it an “Outperform” rating and noting the exchange trades at about 30× FY29 earnings versus 18× for international peers. The brokerage highlighted NSE’s deep liquidity as making it the lynchpin of India’s financialisation.
With NSE’s debut, BSE liquidity is likely to stay elevated; analysts expect further block deals and institutional inflows to sustain the trend until the next earnings cycle, keeping the exchange’s high‑volume momentum in play.