The National Stock Exchange, the operator of the country’s biggest bourse is in the spotlight. While there is still no clear timeline on the IPO, its Q2FY26 results brought to light some interesting facets.
“The consolidated revenue from transaction charges stood at Rs 2,785 crore, a sequential decline of 12% due to reduction in volumes across the cash market and derivatives segments,” the NSE said.
Here are 5 key highlights from the Q2 performance
1. NSE sets aside Rs 1,297 crore for SEBI settlement: The National Stock Exchange of India has set aside Rs 1,297 crore to settle cases pending with the markets regulator as it seeks to push ahead with a long-delayed IPO.
2. Revenue from Transaction charges: According to the investor presentation, the consolidated revenue from transaction charges in the second quarter was Rs 2,785 crore, down 12% QoQ. This was as a result of a drop in volumes across cash market and derivatives segments, as per the NSE press statement.
The market regulator SEBI has taken a series of steps in the past few months to rein in speculative trading. Options trading activity on NSE has also seen a decline.
3. Drop in average daily trading volume of equity option: As per the NSE investor presentation, the average daily trading volume for equity options in terms of premium stood at Rs 46,442 crore. This is down 16% quarter-on-quarter from Rs 55,514 crore in Q1FY26, NSE said.
4. Transaction charges as share of total income lower: A look at NSE’s consolidated financial performance and the total income breakup reveals that transaction charges contribution to the total income fell to Rs 2,785 crore in Q2FY26, compared to Rs 3,586 crore in Q2FY25 and Rs 3,150 crore in Q1FY26.
5. NSE market share: The exchange has 92.3% market share in in the cash market at the end of Q2. In Equity Future it commands over 99% market share and in Equity Options it has 75.6% market share. In currency derivative NSE has 100% market share. It continues to be among the world’s largest multi-asset class exchange.