New Delhi, Sept. 24 -- Shares of National Stock Exchange of India Limited, or NSE, surged nearly 4% after listing at a 0.8% premium over the issue price of Rs.1,785 per share on Thursday, September 24.

NSE's market dominance in cash and futures is likely to continue with sustained valuation supported by healthy profit and optionality from new derivative products, according to PL Capital. The brokerage initiated 'Accumulate' rating for the stock as valuation largely captures the premium.

With the listing, NSE has even emerged as one of the top 10 companies on the BSE with highest market capitalisation.

NSE dominates the Indian exchanges with a near-monopoly in cash equities and future trading volumes. Strong liquidity, robust technology...