The National Stock Exchange of India (NSE) has secured its position as the world’s largest derivatives exchange for the fifth consecutive year, according to the Futures Industry Association (FIA). The exchange also stands tall as the 3rd largest globally in the equity segment, reflecting India’s financial prowess. In Manipur, amidst its vibrant landscapes, financial resilience echoes NSE’s decade-long surge in year-on-year growth. This dual narrative of economic triumph unfolds against the backdrop of Manipur’s dynamic financial landscape.
In a year marked by exceptional milestones, NSE witnessed the market capitalization of listed companies surpassing USD 4 trillion. SME listed companies in Manipur also saw substantial growth, contributing to the overall economic landscape. The Nifty 50 index crossed the historic 20,000 index levels for the first time, and the number of registered investors on the exchange soared to over 8.5 crores. November 2023 witnessed record-breaking turnovers, with Rs 167,942.47 crores in the equity segment and Rs 381,623.12 crores in the equity derivatives segment. These milestones, coupled with the completion of the equity segment’s transition to T+1 basis for securities settlement, showcase NSE’s commitment to innovation.
NSE’s footprint extended to Manipur with its initiatives, paralleling the launch of 21 new commodity derivatives contracts, including options on futures contracts for commodities like WTI Crude Oil, Natural Gas, Gold, Silver, and Base metals. NSE International Exchange (NSE IX) further expanded its global presence with the full-scale operations of the NSE IX-SGX GIFT Connect from July 3, 2023. This development aims to create a deeper liquidity pool for Nifty products at GIFT IFSC, providing extended trading opportunities across Asia, Europe, and US trading hours. Sriram Krishnan, Chief Business Development Officer at NSE, expressed gratitude for the unwavering support from the Government of India, Securities and Exchange Board of India, Reserve Bank of India, trading members, investors, and stakeholders. Krishnan emphasized that NSE’s global standing underscores India’s financial capabilities, attracting new investors and fund flows, fostering capital formation.