Shares of the National Stock Exchange (NSE) rallied sharply in unlisted trading, climbing more than 6% and rising above the ₹2,000 mark after renewed optimism about the long-awaited NSE IPO. The stock closed around ₹2,095 on Monday, up from about ₹1,975 on Friday.
What Sparked the Rally
The surge came after Securities and Exchange Board of India (SEBI) Chairman Tuhin Kanta Pandey said the regulator is at a “very advanced stage” of granting the No Objection Certificate (NOC) for the NSE IPO, possibly as soon as this month. This comment helped calm investor concerns over delays that have weighed on the unlisted stock for months.
Investors have been awaiting the listing of the NSE — one of India’s most prominent financial market institutions and the world’s largest derivatives exchange — for years. Buzz around regulatory clearance reignites interest in the exchange’s future public listing.
Market Reaction
- Demand and trading volumes for NSE’s unlisted shares increased over the weekend after the remarks, reflecting renewed investor appetite.
- The stock had been under pressure previously due to ongoing IPO uncertainty and recent structural curbs on equity derivatives that affected the exchange’s revenues.
Why It Matters
If the IPO clears soon, not only could it unlock value for existing unlisted shareholders, but it may also attract institutional and passive fund inflows post-listing, especially if it becomes part of benchmark indices like the Sensex or Nifty.
Investor Note
While optimism is high, some market participants caution that short-term price movements in unlisted shares can be volatile, and sustained gains will depend on formal IPO filings and broader market conditions.
