Mumbai, July 7 -- The National Stock Exchange's (NSE) proposed initial public offering (IPO) could mark the completion of the "troika" of listed Indian market infrastructure institutions, according to a report by global brokerage Jefferies, which said the country's largest exchange is well-positioned because of its dominant market share, diversified revenue streams and robust profitability.

In a report released on Tuesday, Jefferies said, "NSE Listing Will Complete The Trioka," noting that the exchange is more diversified than its domestic peer BSE and enjoys over 90 per cent market share across most business segments.

The brokerage said NSE has built a sizeable technology products business, which contributes around 13 per cent of reven...