Macquarie bullish on NSE, BSE, MCX ahead of IPO

Macquarie initiates coverage on NSE with Outperform ahead of its IPO, calling it ‘The Dominator’. The broker highlights ~90% market share in equity derivatives and strong cash flows. It is also bullish on BSE and MCX, citing structural advantages. Valuations appear attractive given growth visibility.

📊 STOCKS: NSE | 🏢 SECTOR: CapitalMarkets | #MEDIUMIMPACT #IPO