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BSE Q3 net profit more than doubled to ₹32 crore

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 BSE Ltd's consolidated net profit more than doubled to ₹32.37 crore for the quarter ended 31 December 2020 against ₹13.53 crore for the same quarter last year, BSE said in a regulatory filing to the stock exchanges. During the quarter, revenue from operations rose 10% to ₹120.59 crore from ₹109.92 crore in the same period preceding fiscal. Continuing its stellar performance, BSE StAR MF platform registered 37% increase in total value of orders processed in the Mutual fund segment to ₹2.05 trillion for the nine months ended December 31, 2020 compared to ₹1.49 trillion for the corresponding quarter previous year. “In spite of a pandemic year, BSE’s StAR MF platform has been seen growth in the total number of orders processed by 64% to 643 lakhs during the nine months ended December 31, 2020 as compared to 393 lakhs during the nine months ended December 31, 2019," it said in a statement. The total number of systematic investment plan (SIP) registered under the segment increased
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NSE shares abuzz in unlisted market amid India IPO frenzy

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 With the IPO rush on in full steam on Dalal Street, investors are keenly waiting for the primary market issue of National Stock Exchange (NSE), India’s largest stock exchange. The bourse has various feats and a near-monopoly status to boast of. Dealers of the unlisted market are extremely bullish on the country’s largest stock exchange. They swear by the sound fundamentals and growth prospects of NSE, which has been eyeing a listing for some time now. Unlisted shares of NSE are trading at Rs 1,750-1,800 apiece, giving the bourse a valuation of Rs 90,000-1,00,000 crore. "If insurance and mutual funds are low-penetrated in the country, equity investment is at a nascent stage. There is almost no downside risk to it. This paves the way for heavy upside for equity as an asset class,” says Sandip Ginodia, CEO of unlisted market player Altius Investech. "Many segments of the derivative market, such as equities, commodities, currency and interest rates are yet to blossom." he p
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