{"id":145965,"date":"2025-11-21T06:33:10","date_gmt":"2025-11-21T06:33:10","guid":{"rendered":"https:\/\/www.newsbeep.com\/nz\/145965\/"},"modified":"2025-11-21T06:33:10","modified_gmt":"2025-11-21T06:33:10","slug":"groww-6-other-capital-markets-index-stocks-surge-up-to-86-in-fy26-do-you-own-any","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/nz\/145965\/","title":{"rendered":"Groww, 6 other Capital Markets Index stocks surge up to 86% in FY26. Do you own any?"},"content":{"rendered":"

In a remarkable display of market dynamism, the Nifty Capital Markets Index<\/a>, which tracks India\u2019s leading capital-market-related companies, has soared nearly 40% in FY26, emerging as one of the most robust thematic indices on the NSE. The rally underscores not only buoyant investor sentiment but also a broader transformation in India\u2019s financial infrastructure\u2014from brokerages and asset management companies to exchanges, clearing houses, and wealth-tech platforms.<\/p>\n

Stellar stock performance:<\/p>\n

The capital markets segment has been a standout performer this fiscal year, with 11 stocks delivering price returns between 15% and 85% in the first eight months of FY26. Leading the charge is Multi Commodity Exchange of India (MCX), up a staggering 85.6%, followed closely by BSE<\/a> Ltd. (58.5%), Motilal Oswal Financial Services (54.8%), Nippon Life India Asset Management<\/a> (53.1%), and Anand Rathi Wealth<\/a> (50.1%).<\/p>\n

Groww<\/a>\u2019s Strong Debut
Joining the fray is Groww, which raised Rs 6,632 crore through its IPO and listed on November 12, 2025. The wealth-tech platform has already made a strong impression, with its share price climbing 65% from the issue price of Rs 100 to Rs 165. Groww\u2019s listing highlights the growing investor appetite for digital brokerage and wealth-tech solutions in India\u2019s rapidly evolving capital markets. <\/p>\n

\"ETLive Events \"Image\"Agencies
Market Cap and Valuations
In terms of market capitalisation, BSE Ltd. tops the list at Rs 1.17 lakh crore, closely followed by HDFC Asset Management Company<\/a> at Rs 1.15 lakh crore. Recently listed Groww (Billionbrains Garage Ventures<\/a>), though not part of the Nifty Capital Markets Index, is thematically aligned with a market cap of approximately Rs 96,700 crore. Other major players such as Motilal Oswal, Nippon Life India Asset Management, and MCX have market caps in the Rs 50,000\u201360,000 crore range. Valuation metrics highlight interesting contrasts: MCX commands a high PE of 93.6x, BSE at 71.7x, while 360 One Wam<\/a> tops the segment with a staggering PE of 156.6x.<\/p>\n

Quarterly results fuel optimism
Recent quarterly results have reinforced investor confidence. BSE, Anand Rathi Wealth, MCX, and 360 One Wam reported sales and profit growth exceeding 20% year-on-year for Q2 FY26. <\/p>\n

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Structural drivers of growth
Kranthi Bathini, Director \u2013 Equity Strategy at WealthMills Securities, describes this period as a paradigm shift in investor behaviour, driven by deeper financialisation and digitalisation of assets. \u201cThe swelling of demat accounts and the increasing use of mutual fund SIPs have been game changers, helping domestic markets remain resilient even during foreign fund outflows,\u201d he said.<\/p>\n

Market expert Sudeep Shah, Deputy VP & Head of Technical and Derivative Research Desk at SBI<\/a> Securities, notes that industry consolidation, digital onboarding, and app-based investing have boosted margins. He adds, \u201cIndia\u2019s capital markets are structurally deepening. Rising SIP inflows, growing financialisation of savings, and a supportive regulatory ecosystem are enhancing long-term earnings visibility for these companies.\u201d<\/p>\n

The road ahead
As FY26 progresses, the Nifty Capital Markets Index continues to reflect India\u2019s evolving financial ecosystem, with digitalisation, robust domestic participation, and regulatory support laying the foundation for sustained growth. For investors, the story is clear: the capital markets are not just recovering\u2014they are transforming.<\/p>\n

(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times)<\/p>\n","protected":false},"excerpt":{"rendered":"In a remarkable display of market dynamism, the Nifty Capital Markets Index, which tracks India\u2019s leading capital-market-related companies,…\n","protected":false},"author":2,"featured_media":145966,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[14],"tags":[98003,98004,29258,98008,1824,138,246,98007,94507,98006,98009,51807,111,139,98005,98002,69,244,245,10162,33652],"class_list":{"0":"post-145965","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-personal-finance","8":"tag-360-one-wam","9":"tag-anand-rathi-wealth","10":"tag-asian-equities","11":"tag-billionbrains-garage-ventures","12":"tag-bse","13":"tag-business","14":"tag-finance","15":"tag-growth-stocks","16":"tag-groww","17":"tag-groww-ipo","18":"tag-hdfc-asset-management-company","19":"tag-msci","20":"tag-new-zealand","21":"tag-newzealand","22":"tag-nifty-capital-markets-index","23":"tag-nippon-life-india-asset-management","24":"tag-nz","25":"tag-personal-finance","26":"tag-personalfinance","27":"tag-samsung-electronics","28":"tag-sbi"},"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts\/145965","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/comments?post=145965"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts\/145965\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/media\/145966"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/media?parent=145965"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/categories?post=145965"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/tags?post=145965"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}