Speaking at an event marking 25 years of the National Securities Depository, she said, “In the next 30 years, India should be moving much ahead of the world. We should be setting new benchmarks. The Securities and Exchange Board of India (Sebi) is here for this purpose by being a lot more open-minded, progressive, and forward-thinking regulator.”
The performance for January-March FY22 was even stronger, with a fourfold jump in profit.
Strong performance notwithstanding, shares of NSE have remained stagnant around Rs 3,400-levels this year, said market players.
They said the uncertainty around its listing and appointment of a new managing director (MD) and chief executive officer (CEO) could weigh on the stock.
Current MD and CEO Vikram Limaye’s tenure ends on July 16. Selection process for a new NSE chief is on, with Limaye deciding not to seek reappointment.
Technical analysts say the Nifty has formed a bearish candle, which would see stocks extend losses.
“The Nifty closed last week above its immediate support of 16,400. If the index fails to sustain above this level, it could test the next key support of 16,000,” said an analyst.
How investors react to the January-March quarter earnings of index heavyweight Reliance Industries and global cues will dictate market course, early next week, he added.
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