Despite sharp volatility in markets since the Iran war broke out in February and oil prices surged above $110 per barrel, investors have turned increasingly nervous. Yet, for exchanges, heightened uncertainty has translated into a surge in trading activity, speculation and volatility, all of which have worked in their favour.
That has made listed exchange operators BSE and MCX among the market’s standout performers this year, with their shares rallying 61% and 56%, respectively, on a year-to-date basis.
