BSE, Capital Market Stocks Gain After NSE Q4 Results And Other Updates

Capital market stocks traded higher on May 7 after the National Stock Exchange of India reported growth in fourth-quarter earnings and Angel One released its April business update.

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The Nifty Capital Market index rose around 1.5%, with most constituents trading in the green during the session. BSE shares climbed nearly 3% to ₹3,833 apiece on the NSE.

NSE Reports Higher Q4 Profit

NSE on May 6 reported an 8% year-on-year rise in consolidated net profit for the quarter ended March 31, according to the company filing.

Profit after tax stood at ₹2,871 crore compared to ₹2,650 crore in the corresponding quarter last year. Total income increased around 22% year-on-year to ₹5,360 crore. The exchange said growth in equity derivatives trading supported earnings during the quarter.

IPO Process Moves Ahead

The quarterly results came as NSE continued preparations for its proposed stock market listing. The Securities and Exchange Board of India has allowed the exchange to proceed with an initial public offering through an offer-for-sale route by existing shareholders.

NSE has also formed a committee to oversee matters related to the listing process, according to company disclosures.

Angel One Reports Growth In Client Base

Capital market stocks also received support after Angel One shared its April business update. The brokerage firm said its client base increased 20% year-on-year to 3.779 crore. Average daily orders during April rose 21% compared to the same period last year.

According to the company update, the total number of orders increased by more than 27% year-on-year.

Trading Volumes Increase In F&O Segment

Angel One said average daily turnover based on options premium crossed ₹2.46 trillion in April, more than double the level recorded a year ago.

Average daily turnover in the futures and options segment rose 24% year-on-year to ₹166 billion, according to the company statement.

Shares of capital market companies remained in focus during the trading session following earnings announcements and operational updates linked to trading activity and investor participation.