
NSE Q2 consolidated profit rises 13% to ₹1,999 cr; revenue up 24%
On a standalone basis, the net profit was up 2% YoY at ₹1,562 crore in Q2 FY24, while total operating income grew 22% to ₹3,386 crore.
On a standalone basis, the net profit was up 2% YoY at ₹1,562 crore in Q2 FY24, while total operating income grew 22% to ₹3,386 crore.
Nifty is on track to hit 20,432 this month and 21,000 by Diwali, says Rahul Sharma of JM Financial Services.
In Q1 FY24, NSE contributed ₹7,889 cr to the exchequer of which STT comprised ₹6,411 cr, stamp duty ₹503 cr, GST ₹475 cr, income tax ₹225 cr, and SEBI ₹275 cr.
NSE penalises Angel One for an alleged failure to monitor the operations of its Authorised Persons and violation of Capital Market Segment, and Futures & Options Segment rules
Snapping five sessions gaining streak, shares of HDFC and HDFC Bank fell over 3% each as investors resorted to profit booking after recent rally.
In the Nifty 100 index, HDFC will be replaced by Jindal Steel, and by Mankind Pharma in Nifty 500 index.
The NSE said that in the recent past, the exchange has observed instances of misuse of client funds during its inspections as well as in the alerts generated under offsite supervision.
Apart from trading, the total revenue was also aided by other revenue lines, including listing, index services, data services, and co-location facility.
Following the development, shares of HDFC on Thursday surged 0.31% to hit an intraday high of ₹2,770 apiece on the Bombay Stock Exchange.
Investors are cautioned and advised not to trade on such illegal trading platforms, says NSE.