1. Market Performance

Table 1.1: Market Performance of major equity indices

Major Equity IndicesValue as on  Mar 31st, 2025Value as on  Mar 30th, 2026Change (points)Change (%)
Nifty 5023,519     22,331(1,188)-5.1%
Sensex77,41571,948(5,467)-7.1%
Nifty Next 5063,043     60,350 (2,693)-4.3%
Nifty 50021,34020,528(812)-3.8%
Nifty Midcap 15019,12019,4313111.6%
Nifty Smallcap 25015,10414,288(816)-5.4%
Nifty Total Market11,98511,507(478)-4.0%
USDINR (+/-: depreciation/appreciation)85.594.59.010.6%
Dollar Index (+/-: appreciation/depreciation)*104.2100.2       (4.0)-3.8%

Source: LSEG Workspace, NSE. * Data as of March 27th, 2026.

Table 1.2: Market cap indicators

Market Cap IndicatorsValue as on  Mar 31st, 2025Value as on  Mar 30th, 2026Change (%)
Market Cap of NSE listed companies (eop) – Rs lakh crore411  4110.1%
Market Cap of NSE listed companies (Last three-month average) – Rs lakh crore41145410.6%
Market cap to GDP ratio (%) *             129%                         132% 234bps 

Source: CMIE Economic Outlook, NSE.                                                                                                                                                                                                                                         

* Market cap to GDP is based on three-month average market cap and nominal GDP for the last four quarters. 

Table 1.3: Movement in major sovereign yields

Major sovereign yields (%)Value as onValue as onChange (bps)
Mar 31st, 2025 Mar 30th, 2026
India 10YR Govt Yield (%)6.67.038bps
India 5YR Govt Yield (%)                                6.5 6.729bps
India 1YR Govt Yield (%)                                6.4 5.9-47bps
India 3Month T-Bill Yield (%)                                6.5 5.3-123bps
US 10YR Govt Yield (%)*                                4.2                        4.4 23bps
Germany 10YR Govt Yield (%)*                                2.7                        3.1 37bps
China 10YR Govt Yield (%)*                                1.9                        1.8 -6bps
Japan 10YR Govt Yield (%)*                                1.5                        2.4 90bps

Source: LSEG Workspace, NSE. * Data as of March 27th, 2026.                                                           

2. Fund Mobilisation and Primary Markets 

Table 2.1: Fund mobilisation in FY26 through equity and debt issuances at NSE

Segments (Rs crore)ModesFY25FY26Change
Equity (Main Board) – Primary marketsFresh listing OFS57,63969,396 1,03,69520% -1%
1,04,878
Fresh listing + OFS1,62,5171,73,0917%
FPO Rights Preferential allotment QIPs18,000– 42,660 1,28,746 67,644-100% 172% 105% -47%
15,670
62,688
1,28,488
Equity (SME) – Primary marketsFresh listing OFS6,6955,088 275-24% -34%
416
Fresh listing + OFS7,1115,363-25%
FPO Rights Preferential allotment QIPs150– 345 2,333 180-100% -19% 40% -16%
426
1,668
215
Equity – Primary markets 3,96,9334,20,3616%
Secondary marketsOFS29,07727,429-6%
Total equity raised 4,26,0104,47,7905%
InvITsFresh listing Rights Preferential allotment QIPs1,5787,700 – 3,243 8,467388% -100% -69% 55%
1,715
10,382
5,455
REITsFresh listing Rights Preferential allotment QIPs4,800 – 2,819 3,500– – 53% 0%
1,841
3,500
Total business trusts raised 24,47130,53025%
DebtCPs NCDs (Private) NCDs (Public)7,70,81210,01,477 5,48,011 4,89630% -15% 50%
6,44,372
3,259
Total debt raised 14,18,44315,54,38410%
Total fund mobilisation 18,68,92420,32,7059%

Notes: 

  1. Debt issuances include reissuances.
  2. Data for FY26 is as of March 30th, 2026
  3. Data for OFS-Secondary market is computed as No of Shares offered* floor price (Base issue+ Greenshoe)

2.2: Listings snapshot

Total Companies ListedFY25FY26
Total no. of IPOs 242219
Total amount raised through IPO (Mainboard + Emerge) Rs 1,69,628 croreRs 1,78,454 crore
No. of Mainboard IPOs 79108
No. of SME IPOs163111
No. of direct listing3834
Total no. of companies newly listed on NSE*280253

 * Data includes new listing through an IPOs and direct listings where companies were listed on the other exchanges and got listed on NSE without an IPO

Table 2.3: Mainboard listings snapshot

Mainboard IPO OverviewFY25FY26
Total no. of mainboard IPOs79108
Total funds raised via IPO Rs 1,62,517 croreRs 1,73,091 crore
Average IPO sizeRs 2,057 croreRs 1,603 crore
IPOs with issue size > Rs 10,000 crore34
Largest Mainboard IPOHyundai Motor India Limited  (Rs 27,859 Cr)Tata Capital Limited  (Rs 15,512 crore)
Smallest Mainboard IPOKronox Lab Sciences Limited  (Rs 130 Cr)Shree Ram Twistex Limited  (Rs 110 Cr)

Table 2.4: SME listings snapshot

SME IPO Overview FY25FY26
Total no. of SME IPOs163111
Total funds raised via SME IPO Rs 7,111 croreRs 5,363 crore
Average IPO size for SME IPOsRs 44 croreRs 48 crore
Largest SME IPO Danish Power Limited (Rs 198 crore)Safe Enterprises Retail Fixtures Limited (Rs 170 crore)
Smallest SME IPO Hoac Foods India Limited (Rs 6 crore)Integrity Infrabuild Developers Limited (Rs 12 crore)

Table 2.5: Overview for listed companies

Total Companies Listed and Market Capitalisation   FY25FY26
Total no. of companies listed on NSE#26862942
Market Capitalisation of NSE Listed CompaniesRs 410.9 lakh croreRs 411.3 lakh crore
Total no. of companies listed on Main Board2225 2388
Total no. of SME IPOs on Emerge platform since inception*610721
Market capitalisation of NSE Emerge (SME) Listed CompaniesRs 1.8 lakh croreRs 1.9 lakh crore**

# Excludes AMC and SME ITP 

*Above data includes companies that have migrated to Mainboard of the exchange or delisted companies Note: ** Market cap data for Emerge companies is as of March 27th, 2026.

2.6: Top 10 states for Mainboard IPOs in FY26

StateNo of listingsIssue Size (Rs crore)
Maharashtra2943,386
NCT of Delhi1542,407
Karnataka1938,499
Gujarat1921,401
Haryana57,653
Tamil Nadu35,157
West Bengal54,507
Uttar Pradesh23,984
Jharkhand22,910
Telangana21,322
Others71,865
Grand Total1081,73,091

Table 2.7: Top 10 states for Emerge IPOs in FY26

StateNo of listingsIssue Size (Rs crore)
Maharashtra231,339
Gujarat221,004
NCT of Delhi18868
West Bengal12549
Karnataka6328
Rajasthan4200
Uttar Pradesh5190
Madhya Pradesh5183
Haryana4171
Punjab3170
Others9361
Grand Total1115,363

2.8: IPO allocation in FY26

SegmentNo. of issuances Allocation by categories (% share)  
Amount raised (Rs crore)Retail          NonIndividual Institutional        Investors               InvestorsQualified Institutional BuyersMarket MakersOthers
Mainboard1081,73,091              23%                        14%62%0%1%
Emerge1115,363              37%                        18%39%5%0%

Notes: 

  1. Anchor investors are included in qualified institutional buyers (QIB).
  2. Others include shareholders, employees, policy holders, underwriters, and promoter contribution.
  3. Data is as of March 30th, 2026

2.9: Corporate bonds vs. bank credit

ParameterMar-25Jan-26Change
Outstanding corporate bonds * (Rs lakh crore)                                                          53.6                              58.2                                                     8.5 
Outstanding bank credit $ (Rs lakh crore)                                                                    90.8                            101.1                                                   11.4 
O/S corporate bonds to bank credit (%)59.1%57.6%-150 bps

Source: SEBI, CMIE Economic Outlook, NSE EPR.

*While the latest outstanding bond data is available for February 2026 at Rs 58.7 lakh crore, outstanding bank credit to industry and services is available only up to January 2026; hence, values for both metrics have been used as of January 2026.

$ Outstanding bank credit to Industry and Services                                                                         

3. Secondary markets 

Table 3.1: NSE global ranking and share 

(FY26 data is as of February 28th, 2026)

NSE Global Ranking and ShareRankGlobal share (FY26)
No. of new listings#313.8%
Cash Market*$ (CM: No. of trades)311.6%
Equity derivatives (No. of contracts traded)150.7%

Source: WFE

Notes: 1. The above calculations excludes data from Iran Fara Bourse Securities Exchange.

  • # The new listing data for NSE excludes REITS and direct listings.
  • * No. of trades in the CM segment excludes ETFs, MFs, Bonds and REITs.
  • $ Shenzhen Stock Exchange and Shanghai Stock Exchange ranked No.1 and 2, respectively, in terms of no of trades in the CM segment during the period Apr 2025-Feb 2026

Table 3.2: Turnover and trades 

SegmentFY25FY26Change (%)
Total turnover  (Rs cr)Average Daily Turnover  (Rs cr)Average Daily Total turnover  Turnover  (Rs cr) (Rs cr)Total turnoverAverage Daily Turnover
Cash2,81,27,8481,12,9632,60,62,6161,05,516-7.3-6.6
Equity options*1,55,49,71662,4491,42,42,45457,662-8.4-7.7
Equity futures4,62,89,4591,85,9013,93,82,4741,59,443-14.9-14.2
Commodity options*4,64117.910,01339.3117120
Commodity futures2500.9713,14151.55,1565,239

                     Source: NSE

Note: 1) *Data for options are based on premium turnover 2) Data for commodity derivatives is as of March 27th, 2026 3) Data for cash segment, equity futures & options is as March 30th, 2026

Table 3.3: Trading statistics for debt segment 

Segment  FY25 FY26 
Average daily turnover (Rs. Crores)Average Daily Volume Average daily turnover                        (Rs. Crores)Average Daily Volume
CBRICS RFQ OBPPs IRF Tri-Party Repo8,2361,033                                 10,433                                    5,899                                       126                                         81                                    3,1746,972 6,691 12,323 4,060 25
4,199809
301,354
1045,126
1,23612

Notes:1. Data for OBPP is as of  Feb 28th, 2026  for FY26, otherwise as of Mar 29th, 2026

2. Volume presented for debt segment is based on number of trades, while for IRF it is number of contracts

Table 3.4: Corporate bond trading snapshot in OTC and RFQ

 Period    Total Turnover  (Rs crore             )Average Daily Turnover (Rs crore) Average Daily Number of trades
                   OTC                     RFQOTCRFQOTCRFQ
FY259,66,5744,83,4494,011 2,006222765
FY26 Change (%)10,81,669 11.9%6,78,348 40.3%4,507 12.4% 2,826280 26.0%6,550
 40.9%756.1%

Notes:1. Data for secondary market corporate debt is as of March 27, 2026

3.5: Monthly average daily turnover

Table 3.6: Average trade size 

Segment (Rs)FY25FY26
Equity cash        29,046 15,19,445 8,85,447 6,07531,545  26,70,889  8,31,299  10,097 
Index Futures
Stock Futures
Index Options
Stock Options14,56813,334

Source: NSE EPR. Note: Premium has been considered for options contracts. (As on March 30th, 2026)

Table 3.10: List of green bond issuances in FY26

IssuerDate of listingAmount (Rs crore)ESG Category
Larsen & Toubro Limited      23-Jun-25                                                     500 Sustainable linked bonds
KPI Green Energy Limited      15-Sep-25                                                     670 Green
Muthoot Capital Services Limited      20-Oct-25                                                     150 Green
Greater Chennai Corporation      12-Jan-26                                                     206 Green Municipal Bond
Surat Municipal Corporation (Public Issue)      14-Oct-25                                                     200 Green Municipal Bond
Nashik Municipal Corporation (Public Issue)     06-Mar-26                                                     200 Green Municipal Bond

Table 3.11: Social Stock Exchange (SSE) Issuances Snapshot

SSE OverviewFY25FY26
The number of projects listed on the SSE65
Total amount raised on SSE (Rs crore)14.821.9
The highest amount raised by NPO1018
The number of NPOs registered (As on end of period)119179

Table 3.12:Total Passive Funds Tracking Nifty in India

SummaryMarch 2025Feb 2026

Equity                                    323                      408

Debt                                         75                        82

Total                                       398                      490         

Table 3.13: Total AUM tracking Nifty Indices in India (Rs crore)

FundsMarch 2025February 2026
Equity5,97,8667,19,301
Debt1,55,0031,62,002
Total7,52,8698,81,303

Table 3.14: Total passive funds outside India tracking Nifty indices

SummaryMarch 2025Feb 2026

Equity                                      32                        33         

Debt                                           1                          0         

Total                                         33                        33         

Table 3.15: Total Passive AUM outside India tracking Nifty indices

US$ bnMarch 2025 February 2026
Total4.44
  Table 3.16: New passive launches 
Number                                                                           FY25 FY26 (till Feb’26)
Total148125

4. Investors and Household Wealth Creation 

Table 4.1: Registered Unique Investors

  • Total Unique Registered Investors (As of March 27th, 2026): 12.9 Crore
  • Total Unique Accounts (As of March 28th, 2026): 25.5 Crore
  • New Investor registrations in FY26 (till March 27th, 2026): 1.6 Crore
Investor base (in lakh)As of March 31st, 2025As of March 27th, 2026Change (%)
Total1127.91289.614.3%
 Maharashtra183.8201.69.7% 
 Uttar Pradesh128.3151.117.8% 
 Gujarat99.4110.210.9% 
 West Bengal66.176.215.2% 
 Rajasthan64.573.814.3% 
 Tamil Nadu62.672.716.1% 
 Karnataka62.471.314.3% 
 Andhra Pradesh51.462.421.5% 
 Madhya Pradesh54.662.314.1% 
 Bihar50.960.018.0% 
 Delhi49.254.210.2% 
 Haryana38.543.112.0% 
 Punjab29.934.214.3% 
 Kerala28.232.917.0% 
 Telangana26.930.111.6% 
 Orissa24.528.516.4% 
 Assam25.328.111.2% 
 Jharkhand19.923.216.8% 
 Chhattisgarh14.216.214.1% 
 Uttarakhand11.913.715.0% 
 Himachal Pradesh7.68.613.6% 
 Jammu & Kashmir6.57.819.2% 
 Goa2.52.811.1% 
 Chandigarh2.42.65.4% 
 Tripura1.82.219.3% 
 Manipur1.31.521.7% 
 Pondicherry1.11.316.2% 
 Meghalaya0.81.027.2% 
 Nagaland0.60.826.0% 
 Arunachal Pradesh0.60.726.8% 
 Dadra & Nagar Haveli0.50.513.6% 
 Sikkim0.40.523.4% 
 Mizoram0.30.433.8% 
 Andaman & Nicobar Islands0.30.318.4% 
 Daman & Diu0.20.311.3% 
 Ladakh0.00.1194.9% 
 Lakshadweep0.00.031.2% 
 Others8.512.344.1% 

Table 4.2: Region-wise registered investors

Investor base (in lakh)As on March 31st, 2025As on March 27th, 2026Change (%)
East India135.8156.114.9%
North India409.7472.415.3%
South India232.9271.116.4%
West India341.0377.810.8%
Others8.512.344.1%
Total1,1281,29014.3%

Table 4.3:  Top States in terms of new investor registrations

New investor registrations in FY26 (till March 27th, 2026): 1.6 crore

States (in lakh)FY26% share (Pan India)
Uttar Pradesh 22.6 14.0% 
Maharashtra 18.1 11.3% 
Gujarat 11.4 7.1% 
Tamil Nadu 10.9 6.8% 
West Bengal 10.0 6.2% 
Total161 
  Table 4.4: Top districts in terms of new investor registrations   
Districts (in lakh)FY26% share (Pan India)
Delhi-NCR 8.7 5.4% 
Mumbai (Mh/Tn/Rg) 5.9 3.7% 
Bangalore 2.4 1.5% 
Pune 2.0 1.2% 
Ahmedabad 1.9 1.2% 
Total161 

*Data till March 27th, 2026

Table 4.5: Distribution of registered individual investor base across age groups

Age category  Share of registered investor base (%)  
 Mar’20Mar’21Mar’22Mar’23Mar’24Mar’25Mar’26
Less than 30 years23.529.437.538.540.039.538.4
30-39 years31.230.428.929.229.129.630.1
40-49 years19.717.915.815.615.415.816.3
50- 59 years12.6119.18.68.18.08.2
60 years and above1311.28.78.17.47.17.1

Note: 1. Only individuals and sole proprietorship firms have been considered in the above table.

  • Age is calculated at the end of period.
  • Data for March 2026 is as of the 27th March, 2026.

Table 4.6: Mean and median age of registered individual investors

Age (years)Mar’20Mar’21Mar’22Mar’23Mar’24Mar’25Mar’26
Median38363333323233
Mean41.139.236.836.436.835.836.1

Note: 1. Only individuals and sole proprietorship firms have been considered in the above table.

  • Age is calculated at the end of period.
  • Data for March 2026 is as of the 27th of March, 2026.

Table 4.7: Age distribution of new investors added every year (%)

Age category  Share of new investor additions (%)  
FY20FY21FY22FY23FY24FY25FY26
Less than 30 years52.157.859.158.358.853.256.4
30-39 years26.525.423.924.423.625.723.1
40-49 years10.79.510.010.410.712.512.1
50- 59 years6.04.64.74.54.55.65.5
60 years and above4.72.72.42.42.42.92.9

Note: 1. Only individuals and sole proprietorship firms have been considered in the above table.

  • Age is calculated at the end of period.
  • Data for March 2026 is as of the 27th of March, 2026.

Table 4.8: Mean and median age of new investors added each fiscal year

Age (years)Mar’20Mar’21Mar’22Mar’23Mar’24Mar’25Mar’26
Median29282727272928
Mean32.630.730.430.430.331.530.9

Note: 1. Only individuals and sole proprietorship firms have been considered in the above table. 

  • Age is calculated at the end of period.
  • Data for March 2026 is as of the 27th of March, 2026.

Table 4.9: Individual investors who have traded at least once during the year 

(As of March 27th, 2026)

Segment (lakh)FY25FY26Change (%)
CM segment376.5357.7-5.0%
Equity derivatives105.584.4-20.0%

Note: 1. Individual investors include individual domestic investors, NRIs, sole proprietorship firms and HUFs. 2. Data for FY26 is as of March 27th, 2026.

Table 4.10: Individual investors who traded at least once in CM and F&O

(in lakhs)CM TotalFO TotalCM AloneFO AloneCM & FO Both
FY25376.5105.5291.520.585.1
FY26*357.784.4293.820.563.9

Note: 1. Individual investors include individual domestic investors, NRIs, sole proprietorship firms and HUFs. *Data for FY26 is as of March 27th, 2026.

5. International Exchange (NSE IX) 

  • NSEIX, India’s Leading Multi-Assets Universal Exchange, continues to hold dominant market share of ~99.7% in GIFT IFSC Exchange
  • NSEIX achieved a significant milestone as its total notional turnover crossed the $1 trillion mark in FY 202526, reflecting strong market participation and growth. Total Notional Turnover of the NSEIX across all the products for FY 2025 -26 is US $1,212 billion vs US $1,145 billion for FY 2024-25.

6. Indices 

Table 7.1: Performance across NSE equity indices (As on March 30th, 2026)

  Index Name Price Return (PR) Index Returns (%) Total Return (TR) Index Returns (%)
 FY25FY26 FY25FY26
Broad Market Indices      
Nifty 50 5.3-5.1 6.7-4.0
Nifty Next 50 4.0-4.3 4.8-3.3
Nifty 100 5.0-4.9 6.1-3.9
Nifty Midcap 150 7.61.6 8.22.3
Nifty Smallcap 250 5.4-5.4 6.0-4.9
Nifty 500 5.4-3.8 6.4-2.9
Nifty Microcap 250 9.1-8.7 9.6-8.3
Nifty Total Market 5.5-4.0 6.5-3.1
Nifty Midcap Select 9.75.3 10.35.9
Nifty India FPI 150 4.9-2.7 5.9-1.7
Sectoral Indices      
Nifty Auto -0.611.6 0.212.8
Nifty Bank 9.4-2.5 10.4-1.7
Nifty Financial Services 19.5-6.2 20.7-5.3
Nifty FMCG -0.7-15.0 1.2-13.8
Nifty Healthcare Index 13.53.8 14.14.4
Nifty IT 5.7-21.2 8.1-19.4
Nifty Media -17.9-14.5 -17.3-13.9
Nifty Metal 10.122.5 10.923.6
Nifty Oil & Gas -7.82.3 -6.93.2
Nifty Realty -5.5-23.5 -5.2-23.3
Strategy Indices      
Nifty Alpha 50 -2.5-3.3 -1.9-3.0
Nifty100 Low Volatility 30 3.6-2.6 4.7-1.5
NIFTY50 Equal Weight 3.81.2 4.92.2
NIFTY Alpha Low-Volatility 30 -4.2-4.7 -3.4-3.8
Nifty Midcap150 Momentum 50 4.4-2.0 4.9-1.6
NIFTY Midcap150 Quality 50 8.6-5.8 9.4-4.8
Nifty Top 10 Equal Weight 8.7-12.2 10.2-11.1
Nifty200 Momentum 30 -8.5-3.9 -7.6-3.4
NIFTY200 Quality 30 3.2-5.1 4.9-3.6
Nifty500 Momentum 50 -4.6-3.6 -4.0-3.4
Thematic Indices      
Nifty Capital Markets 38.724.5 40.225.4
Nifty Commodities 1.67.8 2.68.9
Nifty CPSE 6.612.4 9.114.8
Nifty EV & New Age Automotive -1.5-1.3 -0.9-0.5
Nifty India Consumption 5.8-3.6 6.9-2.8
Nifty India Defence 37.912.8 38.813.5
Nifty India Digital 7.3-12.0 8.5-11.0
Nifty India Manufacturing 7.07.1 7.77.9

Table 7.2: Number of Indices Launched 

YearNumber of Indices launched
FY2523
FY2617

Table 7.3: Indices launched in FY26

Index NameCategory
Nifty500 Flexicap Quality 30Equity
Nifty WavesEquity
Nifty India Infrastructure & LogisticsEquity
Nifty500 HealthcareEquity
Nifty Total Market Momentum Quality 50Equity
Nifty India FPI 150Equity
Nifty Conglomerate 50Equity
Nifty Smallcap 500Equity
Nifty MidSmallcap400 50:50Equity
Nifty CementEquity
Nifty REITs & RealtyEquity
Nifty AAA Financial Services Bond Plus G-Sec Apr 2027 90:10 IndexDebt
Nifty AAA Financial Services Bond Plus G-Sec Apr 2028 90:10 IndexDebt
Nifty Financial Services 3 to 6 Months Debt IndexDebt
Nifty Financial Services 9 to 12 Months Debt IndexDebt
Nifty SDL Apr 2031 Top 20 Equal Weight HTM IndexDebt
Nifty LargeMidcap250 Plus 8-13 yr G-Sec 70:30 IndexMulti Asset

7. Electricity Derivatives 

Table 8.1: Monthly market snapshot for electricity futures

MonthLots traded (No.)NSE Elec. Futures (MU)Turnover  (Rs crore)Potential savings  (Rs crore)*Market share (%)PX (MU)
Aug-251,26,0846,3042,6953384%5,828
Sep-251,19,6185,9812,22236665%5,228
Oct-2571,2113,5611,15965470%5,752
Nov-2569,8003,4901,12813976%6,424
Dec-2548,2812,414920-2070%6,738
Jan-2647,0152,35197438275%6,945
Feb-2658,5412,9271,03760473%7,341
Mar-2647,4342,37296323762%7,659
Total5,87,98429,40011,0982,39672%51,915

*NSE introduced Monthly Electricity Futures on 14 July 2025. Following the launch, market developments have contributed to a reduction in power prices. Spot prices on Power Exchanges declined by 12.4%, while NSE Monthly Electricity Futures prices fell by 11.7%. Compared to year 2024, this shift in price behaviour has resulted in substantial savings in power procurement costs for state utilities.