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Morgan Stanley and JPMorgan Initiate Coverage of India's NSE with Overweight Ratings
Morgan Stanley and JPMorgan Chase & Co. have initiated coverage of National Stock Exchange of India Ltd. (NSE) stock with overweight ratings. This backing comes despite NSE shares mostly trading below their initial public offering price since listing in September, as Wall Street brokers expect the bourse’s dominance to grow in India’s deepening capital markets.
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