BSE stock soars 16% to end at Rs 1,912 on NSE IPO buzz; MCX adds 5%

Market players expect NSE's valuation to be around the Rs 2 trillion mark. They feel the exchange's IPO could lead to sharp re-rating in shares of BSE and MCX

Shares of BSE and Multi Commodity Exchange of India (MCX) climbed on Thursday amid buzz that larger rival National Stock Exchange of India (NSE) is inching close to an initial public offering (IPO).

Shares of BSE, exclusively traded on the NSE, surged 16 per cent to end at Rs 1,912 apiece, while the MCX jumped about 5 per cent to Rs 1,659 apiece.

Market players expect NSE’s valuation to be around Rs 2 trillion. They feel the exchange’s IPO could lead to sharp re-rating in shares of BSE and MCX, which are currently valued at Rs 8,550 crore and Rs 8,378 crore,