NSE

National Stock Exchange has received regulatory approval from Securities and Exchange Board of India to invest in the proposed National Coal Exchange of India Ltd, marking a significant step toward formalizing coal trading in India. The initiative aims to create a transparent, efficient marketplace for physical coal transactions, replacing fragmented and opaque systems. The exchange will now seek licensing from the Coal Controller Organisation, advancing the country’s efforts to modernize commodity markets and improve price discovery in one of its most critical energy sectors.

India’s equity markets witnessed a sharp decline last week, resulting in a massive erosion of Rs 4.48 lakh crore in the combined market valuation of the country’s ten most valuable companies. The downturn was triggered by rising global crude oil prices and escalating geopolitical tensions in West Asia, which intensified investor concerns about inflation and economic stability. Banking giants State Bank of India and HDFC Bank recorded the steepest losses in market capitalization.