The move brings the pre-open process in line with the Closing Auction Session framework, creating a more consistent auction structure around price discovery at the start and close of the trading day
State Bank of India (SBI) and its subsidiary SBI Capital Markets Ltd together plan to dilute up to 1 per cent stake in the National Stock Exchange (NSE) through the exchange's proposed Rs 30,000-crore initial public offering (IPO). The bank is participating in the NSE IPO and will dilute a 0.65 per cent stake in the exchange, SBI Chairman C S Setty told PTI in an interview. "We are participating in that divestment. We propose to divest 0.65 per cent and 0.35 per cent by SBI Capital Markets because both of us hold the stake. So together, about 1 per cent as a SBI group... it could be less depending on any other shareholders joining," he said. SBI currently holds a 3.23 per cent stake in the NSE, while SBI Capital Markets owns 4.33 per cent in the country's largest stock exchange. He clarified that there is no the monetisation plan for other subsidiaries in the immediate future. Last month, SBI, along with its foreign partner Paris-headquartered Amundi, diluted around 10 per cent st
Tuhin Kanta Pandey says Sebi is close to approving NSE's IPO documents; regulator is also working on rationalising settlement, margin and risk-management provisions
Sebi is looking to clarify related-party transaction and disclosure norms, while NSE has tightened timelines for brokers to act on non-compliant authorised persons
The proposal was discussed with global investors during IPO roadshows and could pave the way for NSE shares to enter its benchmark indexes
As per the 360 One Capital report, NSE active clients declined in July by 1.8 per cent M-o-M and 3.6 per cent Y-o-Y.
The combined weight of India's top five IT companies in the Nifty 50 has fallen below 9% this year, the lowest at least since 2002
New buyers lose out, redeemers gain; fund houses expect anomaly to even out over time
NSE had launched India Vix futures in 2014 but discontinued them in 2017 because of low liquidity and participation
Dolat Capital initiated coverage of the National Stock Exchange with a 'sell' recommendation, citing regulatory headwinds and high valuations ahead of the bourse's planned IPO
The Delhi High Court held that the National Stock Exchange performs functions involving significant public interest and upheld the sanction granted for Chitra Ramkrishna's prosecution
The National Stock Exchange (NSE) is targeting to launch its much-awaited initial public offering (IPO), estimated at around Rs 30,000 crore, in September, people familiar with the development said on Monday. The mega IPO is expected to value the country's largest stock exchange at over Rs 5 lakh crore. The exchange will soon begin roadshows for the IPO. If successful, the issue will surpass Hyundai Motor India's Rs 27,870-crore public offering launched in October 2024. The proposed public issue will be entirely an offer for sale (OFS) of 14.89 crore equity shares, with existing shareholders collectively divesting nearly 6 per cent of the exchange's equity, according to the draft red herring prospectus (DRHP) filed in June. NSE has around 1.8 lakh shareholders. Among the major shareholders selling their stake, State Bank of India will offload up to 2.48 crore shares, followed by MS Strategic (Mauritius) Ltd with 1.60 crore shares. Other shareholders proposing to sell shares includ
Move could help revive exchange-traded currency volumes
The Delhi High Court on Wednesday held that the National Stock Exchange of India (NSEI) is a 'public authority' under the Right to Information Act. A bench of justices C Hari Shankar and O P Shukla dismissed an appeal by the stock exchange assailing a single judge's decision which ruled that NSEI qualified as a 'public authority' under section 2(h) of the RTI Act. Citizens can enforce their right to ask for information only from a 'public authority' under the RTI Act. The bench observed that if the body is owned, controlled or substantially financed by the government, it would qualify as a 'public authority'. The court stated that this was not a case where an entity was established as a private company and was regulated by statute later. Observing that the NSEI could not function as a stock exchange at all without recognition by SEBI, the court said it agreed with the single judge's finding that it has to be regarded as having been "established" or "constituted" by an order issued
From July 1, bank guarantees used in capital markets must be fully backed by collateral, a move expected to reduce leverage and raise funding costs
According to the NSE's holiday calendar for 2026, the next stock market holiday will be on September 14, 2026, on account of Ganesh Chaturthi. August 15 (Independence Day) falls on a Saturday.
Sebi eases certification norms for non-advisory investment staff, while NSE clarifies brokers' investments won't be treated as business income in most cases
The National Stock Exchange has retained its position as India's most valuable unlisted company with a valuation of Rs 4.86 lakh crore, according to the latest 2025 Burgundy Private Hurun India 500 report. The country's largest stock exchange continued to lead the ranking of unlisted firms, ahead of vaccine maker Serum Institute of India and real estate player Adani Properties, highlighting investor confidence in the bourse's business model and growth prospects. The Hurun report, by Burgundy Private, Axis Bank's Private Banking Business, and Hurun India, which ranks India's 500 most valuable non-state-run companies, said several consumer, fintech and renewable energy firms also featured prominently among the country's most valuable unlisted businesses. Snack maker Haldiram, fintech company Razorpay and renewable energy firm Greenko were among the notable unlisted companies that secured a place in the ranking. The strong showing by unlisted firms comes at a time when investors are .
Who stands to make the biggest gains when India's two most anticipated IPOs finally hit the market?
Listing gains likely to strengthen balance sheets of general insurers