BSE shares surged nearly 19%, hitting a record high of ₹3,448 on the NSE. Over the past 12 months, the stock has gained more than 170%, showcasing robust growth and strong investor confidence in India’s oldest and Asia’s premier stock exchange.
The rise in BSE shares follows reports that SEBI dismissed regulatory violation charges against the National Stock Exchange (NSE) and seven former employees, including Chitra Ramkrishna and Ravi Narain. This dismissal pertains to a 2019 case involving the co-location facility.
SEBI concluded there was insufficient evidence to support the charges against NSE and its ex-employees. The regulator highlighted that NSE lacked a detailed policy for the co-location facility and failed to monitor the use of the secondary server by trading members without adequate justification.
This favourable decision is a positive step for NSE, which has been planning to launch its IPO for several years. Once the IPO is completed, NSE shares are expected to be listed on the BSE, potentially enhancing market dynamics and investor interest.
BSE shares have delivered impressive returns, soaring 173% in the past year and an extraordinary 1,784% over five years. This remarkable performance highlights BSE’s enduring strength and its significant role in the Indian and Asian financial markets.
