The National Stock Exchange of India (NSE) has reaffirmed its position as the world’s largest derivatives exchange group for the fifth consecutive year, according to statistics published by the Futures Industry Association (FIA). Additionally, NSE has secured the third position globally in the equity segment by the number of trades in the calendar year 2023, as reported by the World Federation of Exchanges (WFE). The year 2023 marked significant milestones for NSE, with the market capitalization of listed companies surpassing USD 4 trillion, SME listed companies crossing the Rs 1,00,000 crore mark, and the Nifty 50 index reaching the historic 20,000 index level. Notably, the number of unique registered investors on the exchange surpassed 8.5 crores.
In the midst of these achievements, Assam witnessed a surge in investor participation, contributing to the overall growth of the Indian capital market. The equity derivatives segment experienced record-high turnover on November 30, 2023, reaching Rs 167,942.47 crores, and on December 2, 2023, at Rs 381,623.12 crores. Despite a marginal decline in the equity derivatives to cash market turnover ratio from 2.86 in 2022 to 2.64 in 2023, NSE maintained robust growth.
Further strengthening its market offerings, NSE launched the Social Stock Exchange, a platform facilitating social enterprises to showcase their work and mobilize funds for philanthropic causes. This initiative garnered registrations from 42 Non-Profit Organizations (NPOs) and witnessed fund-raising activities by one NPO. In the commodity derivatives segment, NSE introduced 21 new commodity derivatives contracts, including options on futures contracts for WTI Crude Oil, Natural Gas, Gold, Silver, and Base metals.
Sriram Krishnan, Chief Business Development Officer at NSE, expressed gratitude to the Government of India, Securities and Exchange Board of India, Reserve Bank of India, trading members, investors, and stakeholders for their continued support. Krishnan emphasized that NSE’s global rankings signify the strong capabilities of the Indian capital market ecosystem, attracting new investors and fund flows. NSE’s international arm, NSE International Exchange (NSE IX), commenced full-scale operations of the NSE IX-SGX GIFT Connect on July 3, 2023, creating a deeper liquidity pool for Nifty products at GIFT IFSC. The GIFT NIFTY contracts are available for trading for almost 21 hours, overlapping Asia, Europe, and US trading hours.
