NSE Sets World Record with 19.71 Billion Transactions in a Single Day

This impressive feat was accomplished within the trading hours of 9:15 AM to 3:30 PM, as announced by NSE’s MD and CEO, Ashishkumar Chauhan, on the X platform (formerly Twitter). The exchange also handled 28.55 crore (280.55 million) trades during this period, underscoring its robust operational capabilities.

Market Rebound After Election Setback

On the same day, the benchmark indices, Sensex and Nifty, rebounded strongly, each surging over 3%. This recovery followed a significant drop in the previous session, which was triggered by disappointing Lok Sabha election results. The 30-share BSE Sensex soared by 2,303.19 points, or 3.20%, closing at 74,382.24. Concurrently, the NSE Nifty gained 735.85 points, or 3.36%, ending at 22,620.35. The resurgence was fueled by value buying in sectors such as banking, auto, and oil.

Despite the ruling NDA securing a majority in the 543-member Lok Sabha with over 272 seats, the BJP fell short of the majority it enjoyed since 2014, capturing only 240 seats. This necessitated a greater reliance on its allies to form the government. The Congress, on the other hand, won 99 seats.

Strong Quarterly Financial Performance

NSE’s performance in the January-March quarter of the 2023–24 financial year was equally impressive. The exchange reported a 20% YoY increase in consolidated net profit, amounting to INR 2,488 crore. Operating revenues rose by 34% year-on-year to INR 4,625 crore. The cash markets saw an average daily traded volume (ADTV) of INR 1,11,687 crore, a 127% year-on-year increase.

Equity futures recorded an ADTV of INR 1,79,840 crore, up 60% YoY, while equity options (premium value) ADTV stood at INR 75,572 crore, marking a 27% YoY rise for the quarter ending March 2024.