NSE shares soar over 25% on boost from Securities Appellate Tribunal relief

The tribunal allows the exchange to use Rs 6,000 cr parked in an escrow

The move by the Securities Appellate Tribunal (SAT) to unfreeze the National Stock Exchange’s (NSE’s) Rs 6,000 crore has boosted the stock price of the country’s leading stock exchange.

People dealing in scrips of unlisted companies said the stock price of NSE has shot up from Rs 1,800 a month ago to Rs 2,300 this week, following the SAT order.

“Shares of the NSE have surged over 25 per cent. The stock is now changing hands between Rs 2,200 and Rs 2,300 apiece. The strong March quarter results and now the SAT relief have boosted the stock price,” said Dinesh Gupta, director