The biggest and revolutionary change can be seen so far in the history of the Indian stock market. The much-awaited IPOs of the two biggest juggernauts of the country's financial markets and technology world, i.e. National Stock Exchange (NSE) and Reliance Industries' digital arm Jio Platforms are all set to hit the Indian stock market very soon. The entry of these two giants into the market will not only bring huge liquidity into the capital market, but will also change the entire profile of the country's major benchmark indices like Nifty 50 and Sensex. Veteran market experts and financial experts believe that within the coming three years, half of the companies included in India's major stock indices may be reshuffled. The country's changing economy, new technology, defense sector and future digital needs are going to play a big role behind this big change, which is going to open new and golden doors of investment for investors. Gurmeet Chadha's big statement, 50% of the companies in the index can be completely transformed in the next 3 years. Gurmeet Chadha, a well-known expert of the Indian financial market and Managing Partner and Chief Investment Officer (CIO) of Complete Circle, while expressing his views on social media and various forums, has made a big prediction about the future of the Indian stock market. According to him, the upcoming IPOs of NSE and Jio are not limited to just bringing two new shares to the market, but both these mega issues will provide an unprecedented new energy and strength to the country's most prestigious and old indices like Nifty 50 and Sensex. Gurmeet Chadha estimates that within the coming two to three years, there may be a change of at least 50 percent in India's major indices, that is, the companies which are ruling the indices today may be replaced by future companies with new technology and strong infrastructure. The pace of this change will be so fast that traditional investors will have to redefine their investment strategies. In his analysis, Gurmeet Chadha has also highlighted the fact that in the last few years, many large and established business groups in the country (with a few exceptions) have not shown much enthusiasm or clear intention to invest in future modern technology and cutting-edge digital infrastructure. This is why the market will now be led by those companies who understand the needs of the future. In the coming times, companies related to defence, artificial intelligence (AI), advanced healthcare and cutting-edge digital platforms are expected to get a much stronger and larger representation in major indices like Nifty and Sensex. This simply means that India's stock market is now rapidly shifting from the old traditional economy to a high-tech, modern and future-oriented economy, in which institutions like Jio and NSE will act as the main pivot. NSE's mega IPO gets SEBI approval, investors' eyes are on this issue of ₹ 30,000 crore. At the center of this entire scenario is the much awaited IPO of the National Stock Exchange i.e. NSE, the biggest hurdles in the path of which have now been cleared. Stock market regulator SEBI has finally given its green signal to this much awaited IPO of NSE. Recently, on September 4, an observation letter has been issued by SEBI, with which the formal way for this giant issue to come into the market has been completely cleared. According to media reports and market experts, this proposed IPO of NSE could be worth around Rs 30,000 crore, which would be one of the largest issues in the history of the Indian stock market. This entire issue can come in the form of Offer for Sale (OFS), in which the country's largest public sector bank i.e. State Bank of India (SBI) can make huge profits by selling a huge stake. There is tremendous enthusiasm about this IPO among investors and brokerage houses. Jio Platforms' $4 billion mega IPO is also in the queue, keen interest from global investors is increasing. On one hand, it is considered certain that NSE will enter the market, on the other hand, the IPO of Mukesh Ambani-led Reliance Industries' digital subsidiary Jio Platforms is also rapidly moving towards its destination. The process of getting approval from SEBI regarding the IPO of Jio Platforms is also in the final stages. The company had filed its draft red herring prospectus (DRHP) in mid-June this year. According to the report of reputed financial news agency Bloomberg, this proposed issue of Jio Platforms could be worth around $ 4 billion (i.e. a very huge amount in Indian currency), which is attracting the attention of investors globally. Since Jio is India's largest telecom and digital services provider company, its listing is being closely monitored not only by domestic investors but also by all the big foreign institutional investors (FIIs) around the world. Why is the entry of these two giants in the market special? Indian capital market will get new business models. NSE and Jio platforms – both these names need no introduction in their respective business fields. On one hand, NSE is the backbone of India's entire stock market infrastructure, trading system and financial inclusion, on the other hand, Jio has brought a revolutionary change in India's digital and data revolution which has connected every corner of the country with the internet. When these two giant companies get listed in the stock market, it will not be just the addition of two new shares, but it will be a clear indication that the Indian stock market is now going to be dominated by new business models, technology driven platforms and digital economy. The possible listing of these two will not only give the market new stocks with huge market capitalisation, but will also completely change the nature of the portfolios of mutual funds and big investors themselves.
