NSE Market Share Grows Stronger as Technology Investments Rise in Q2FY26

  • NSE market share in the debt segment reached up to 100% in some areas, showing its leadership in financial markets.

  • NSE technology investment jumped 42% year-on-year to ₹642 crore in H1FY26, boosting market safety and speed.

  • The exchange contributed ₹28,308 crore to India’s exchequer, reaffirming its major role in the nation’s economy.

    NSE Market Share Strengthens Across Debt Segments

    The NSE market share in the debt secondary market continued to dominate in the second quarter of FY26. According to the latest financial results, the National Stock Exchange of India (NSE) held a 97% share in the Request for Quote (RFQ) segment, an 86% share in the CBRICS market, and a 100% share in Tri-party repo transactions. These figures highlight NSE’s growing command over multiple asset classes and its strong positioning as the preferred platform for both institutional and retail investors.

    The NSE market share performance not only reflects investor trust but also showcases its success in offering reliable systems for transparent and efficient trading. By maintaining near-total control across various market segments, NSE has proven its resilience and ability to attract large-scale market participation.


    NSE Market Share Reflects Liquidity and Investor Confidence

    Another indicator of NSE’s leadership is the Notional-to-Premium Turnover ratio, which stood at 458:1 during the quarter — much better than BSE’s 984:1. A lower ratio generally indicates stronger liquidity, meaning more efficient price discovery and deeper participation in the market. This impressive number proves that NSE continues to lead in terms of volume, trust, and investor confidence.

    The NSE market share advantage in liquidity shows that more traders and investors prefer using the NSE platform due to its reliability, speed, and robust system design. Such strong engagement also benefits India’s overall financial ecosystem by encouraging stable and scalable growth across market categories.


    NSE Technology Investment Drives Modernization

    To support this rapid expansion, NSE technology investment has become one of the exchange’s biggest priorities. During the first half of FY26, NSE increased its technology expenses by 42% year-on-year, reaching ₹642 crore. These investments are aimed at enhancing market infrastructure, upgrading trading systems, and ensuring cybersecurity across its digital operations.

    The NSE technology investment strategy focuses on building a resilient framework that can handle rising transaction volumes, high-frequency trades, and complex market activities without disruptions. With increasing trading participation and data flow, NSE is ensuring that its systems remain secure, fast, and globally competitive.


    NSE Technology Investment Enhances Market Infrastructure

    This phase of NSE technology investment also aligns with the exchange’s goal to improve trading resilience and disaster recovery mechanisms. By spending heavily on automation, analytics, and artificial intelligence tools, NSE aims to monitor transactions in real time, detect anomalies instantly, and ensure uninterrupted operations.

    Such forward-looking NSE technology investment initiatives not only improve user experience but also raise India’s financial market standards to international levels. It ensures that investors—whether domestic or global—can rely on NSE’s systems for stable and transparent trading across all asset classes.


    NSE Market Share Supported by Listing Growth

    The NSE market share in the listing business also showed steady progress. Revenues from listing services rose 14% quarter-on-quarter and 10% year-on-year, thanks to the growing number of IPO listings and strong participation in the capital markets. The increasing number of companies choosing NSE for their initial public offerings indicates growing faith in the platform’s credibility, efficiency, and regulatory transparency.

    This continued rise in listing revenue reflects both the expanding Indian equity market and NSE’s central role in helping new companies access capital. With more IPOs expected in upcoming quarters, the exchange is well-positioned to benefit from this upward momentum.


    NSE’s Economic Contribution Remains Substantial

    Beyond market leadership, NSE technology investment and financial strength contribute directly to India’s economy. During H1FY26, NSE’s contribution to the national exchequer stood at a massive ₹28,308 crore. This figure demonstrates the exchange’s pivotal role not just in trading and investments but also in supporting government revenues through taxes and transaction levies.

    NSE’s continuous growth supports financial inclusion, improves transparency, and helps deepen India’s capital markets. It also plays a crucial role in maintaining investor trust and ensuring the smooth functioning of India’s financial infrastructure.


    Outlook

    Looking ahead, both NSE market share and NSE technology investment are expected to remain key growth drivers. As trading volumes rise and digital transformation accelerates, the exchange’s focus on modernizing its infrastructure will likely strengthen its market dominance even further. With its strong performance across segments and ongoing innovation, NSE continues to lead India’s financial markets into a new era of technology-driven growth and global competitiveness.