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The Economic Times
The Economic Times
Business
Veer Sharma

NSE shares fall 2%, trade marginally above IPO price after debut. Why are Macquarie, other brokerages bullish?

NSE shares declined 1.6% to their day's low of Rs 1,790 on the BSE on Friday, a day after the exchange made its much-awaited stock market debut on Thursday, marking India’s second-largest IPO. The stock listed at a 0.8% premium to its issue price and ended the session more than 1% higher.

NSE's post-listing market capitalisation now stands at Rs 4.49 lakh crore, making it the 10th largest listed company in the Indian stock market. Data shows that it has overtaken healthcare giant Sun Pharmaceuticals and Tata group's Titan.

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