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India's NSE posts 23% rise in quarterly profit in first results since listing
The National Stock Exchange of India posted a 23% jump in profit on Tuesday, helped by higher trading volumes, as the exchange operator reported its first quarterly results after its September stock market debut. The country’s largest stock exchange operator has faced pressure on transaction revenue as tighter rules and higher taxes slowed options trading, while rival BSE gained share in index options. NSE’s second-quarter consolidated profit rose to 25.78 billion rupees ($271.9 million) from 20.98 billion rupees a year earlier. Revenue from operations rose to 40.67 billion rupees from 36.77 b...
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