R ARIVANANTHAM
CHENNAI, OCT 8
The fourth largest in the world and the role model for global stock exchanges, the National Stock Exchange (NSE) in its 30th year of operation poised to double the number of listed companies in its kitty to 6,000 from the present number of 3100, said its Chief Business Development Officer Sriram Krishnan.
- India’s GDP is projected to reach $10 trillion by 2033, the market capitalisation of companies listed on the NSE is also expected to grow significantly to touch $ 11-12 trillion
- In terms of geographical interest, NSE has noted a rising interest in NSE Emerge from MSMEs in states like Uttar Pradesh, Gujarat, and Tamil Nadu, with an expanding presence even in smaller states
- We charge ₹100 per crore of options volume, significantly lower than other exchanges
Addressing reporters here, he said, India’s GDP is projected to reach $10 trillion by 2033, the market capitalisation of companies listed on the NSE is also expected to grow significantly to touch $ 11-12 trillion. NSE expect this growth to be driven by new listings, with India’s ecosystem of over 125 lakh startups and 130 unicorns offering substantial listing opportunities, he added
As many as 220 companies, including both mainboard and SME, listed during the current fiscal.
NSE is looking forward to the growth of several sectors and products, including the commodities space. Sectors with dependencies on crude oil and or natural gas, such as transport, aviation, industrial power, FMCG, gas, paints and petrochemicals among others will increasingly look to hedge their commodity risks.
“NSE remains committed to maintaining stringent quality standards, ensuring that only credible companies make it to the platform. Additionally, we uphold high benchmarks for transitioning companies to the mainboard,” he added.
In terms of geographical interest, NSE has noted a rising interest in NSE Emerge from MSMEs in states like Uttar Pradesh, Gujarat, and Tamil Nadu, with an expanding presence even in smaller states. NSE has signed MoUs with about 15 states and expected this number will grow further.
NSE has recently ventured into the non-agricultural commodities space. Given India’s reliance on crude oil imports, NSE believes that a robust commodities market is essential for sustainable economic growth. While commodities markets in other countries are five times larger than equity markets, India’s commodities market remains relatively small.
At present, we hold a market share of around 3 per cent, and we are focused on expanding it significantly. Our platform’s robust fundamentals — such as margin fungibility, cost-efficiency, and a reliable settlement system — create a solid foundation for this growth. For example, we charge ₹100 per crore of options volume, significantly lower than other exchanges,” Krishnan pointed out.
Earlier on Thursday, NSE had interacted with commodities brokers and retail investors in Chennai.
