NSE makes a subdued debut, lists at 0.8% premium
The newly listed National Stock Exchange made a relatively subdued market debut on Thursday, opening at a premium of around 0.8 per cent over its issue price on the BSE.
The listing — one of the most awaited in Indian market history — came on a brutal day for equities, with the Sensex crashing 1,248 points and the Nifty sinking 1.64 per cent in a broad risk-off session.
Analysts said the muted debut reflected the day's weak sentiment rather than the exchange's fundamentals, and advised investors to track the stock's price discovery over the coming sessions.
Originally reported by 5paisa. Article compiled by the Deccan Age desk.
