List and see valuation rise

A market leader entering the stock markets bodes well for its peers. Shares of MCX, a commodity bourse, have rallied over 10 per cent since the Bombay Stock Exchange and the National Stock Exchange set the ball rolling on their listing plans earlier this month. A similar trend was seen when airline company IndiGo's parent, InterGlobe Aviation, hit the capital markets last year, triggering a big rally in the shares of Jet Airways and SpiceJet. "It takes a market leader to unlock the true potential in terms of valuation," said a market expert.