NSE Q2 Profit Rises 23% But Dips 17% From Last Quarter
The National Stock Exchange reported that its profit rose 23% in the second quarter compared with a year earlier. Earnings fell 17% from the previous quarter, and the company said higher trading activity supported its bottom line. Trading volume in the cash market rose 24% year on year.
Context
The NSE runs one of India's largest stock exchanges, where shares and other securities are bought and sold. Its earnings rise and fall with how actively people trade, so busy markets usually lift its profit.
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