NSE shares hit fresh highs, rise over 2%; Nuvama sees 14% upside, calls the stock exchange a ‘compelling buy’
Nuvama start coverage of stocks including a list of stocks.
· LiveMint Markets
NSE shares rose more than 2% to a record ₹1,994.50 after Nuvama initiated coverage with a buy rating and a ₹2,220 target. The brokerage cited NSE’s dominant market share, liquidity advantage, technology investments and growth prospects.
The analysis
Rate decisions ripple straight into banks, NBFCs and every rate-sensitive sector — from real estate to autos.
Why it matters
- With NSE involved, this carries a regulatory dimension that can outlast the immediate market reaction.
Market context
- Brokerage calls from Nuvama, starting coverage of the stocks named.
- The “14% upside” is the brokerages’ own estimate: the gap between the share price when the note was written and their target price, usually set a year out. It is a forecast by the brokerage, not a move that has happened.
Related coverage
India 10-year bond yield reverses half of last week's drop on elevated inflation
Pulse of the Street: Dalal Street’s winning streak faces an inflation test
India bonds under pressure before debt supply; hot inflation prints pinch further
Nifty Bank, Auto, Realty skid 1% as inflation stokes RBI rate hike fears
Will inflation, higher bond yields spook markets? Here's what analysts say