The National Stock Exchange of India Ltd (NSE) shares have spiked over 5 per cent during the intraday trade on Thursday. Further, the exchange also entered
the elite club of top-10 most valued firms by market valuation. NSE started trading at Rs 1,800, marginally up by 0.84 per cent from the issue price of Rs 1,785 on the BSE while in the trade, shares of the exchange surged 5.21 per cent to Rs 1,878. NSE commanded a market valuation of Rs 4,54,966.88 crore, and entered into the elite club of top-10 most valued firms by market valuation on the BSE. NSE's peer, BSE has a market valuation of Rs 1,31,946.42 crore. NSE remained India's second-largest IPO with Rs 22,569-crore valuation. It received nearly 6 times subscription on the final day of bidding, led by strong demand from institutional buyers. The mega IPO generated nearly Rs 90,300 crore of demand against the Rs 22,568 crore issue size. Market capitalisation is calculated by multiplying the company's share price by its total outstanding shares.
What is the top-10 list?
According to the BSE data, NSE stood at the 10th place in the ranking.
Reliance Industries commanded a market valuation of Rs 16,67,750.07 crore, followed by Bharti Airtel Rs 11,32,338.92 crore, HDFC Bank Rs 11,26,035.78 crore, ICICI Bank Rs 9,57,570.88 crore, SBI Rs 9,12,415.14 crore, TCS Rs 7,57,627.53 crore, Bajaj Finance Rs 6,15,435.85 crore, Larsen & Toubro Rs 5,32,457.60 crore, LIC Rs 5,13,716.31 crore and NSE Rs 4,54,966.88 crore.
NSE is ahead of many other many key companies like Hindustan Unilever whose market capitalisation is Rs 4,54,845.62 crore and Sun Pharma at Rs 4,46,985.57 crore.
What Changed After NSE Listing?
NSE's listing marked a significant milestone giving investors a publicly traded avenue to participate in the country's largest stock exchange.
The stock's rise also reflected the strong investor interest following NSE's long-awaited public market debut.
For the existing shareholders in the NSE, the spike implies market value of their NSE holdings increased as the stock price moved higher. The market-cap ranking will continue to change depending on its share price and movements in other large-cap stocks.
