NSE market value climbs to nearly $47 billion

The National Stock Exchange of India’s market capitalisation has risen to almost $47 billion. Shares opened at ₹1,800, a little above the issue price of ₹1,785. The exchange closed the session on the BSE at ₹1,818. Its price‑to‑earnings ratio stands at 43 times, higher than many global exchanges. Analysts project cash‑market turnover to grow 14‑16 percent annually. The NSE reported an operating EBITDA margin of 66 percent. The higher valuation and strong profitability underline the rapid expansion of India’s capital markets.