The National Stock Exchange's (NSE) filing of its DRHP with Sebi brings India's most-awaited stock market listing closer to reality after nearly a decade of delays. For shareholders of BSE, NSE's listed rival, the bigger question is no longer whether the listing happens, but what it means for a stock that has already run up sharply on that very expectation.
Analysts see the filing largely as a confirmation event rather than a fresh trigger. They say the DRHP filing essentially confirms what the market had already started pricing in.
