NSE Posts 23 Percent Profit Jump in First Results
The National Stock Exchange of India posted a 23 percent rise in second-quarter profit driven by higher trading volumes. This marked the exchange operator's first earnings report since its public listing in September.
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India's National Stock Exchange reported a 23% jump in second-quarter profit on Tuesday, helped by higher cash market trading volumes in its first results since going public. Both revenue and profit declined from the preceding quarter following the introduction of a closing auction session in August. The debut earnings report valued the dominant exchange operator at nearly $47 billion.
