NSE listing to "complete the trioka" and unlock value, drive governance upgrade: Report

A brokerage report projects that NSE's listing will complete the 'trioka' of India's market infrastructure alongside listed peers BSE and CDSL, driving governance upgrades and unlocking value. The report expects the IPO to act as a benchmark for valuation across exchanges, depositories, clearing corporations and data vendors, while also paving the way for MSCI and FTSE inclusion of NSE. Listing timing remains contingent on resolution of the co-location case and other regulatory matters.