Market Performance
- Nifty 50 closed 2025 at 26,130, up from 23,645 at the end of 2024, a gain of 10.5%.
- Nifty Midcap 150 rose 5.4%, while Nifty Smallcap 250 fell 6%, showing weaker performance in smaller stocks.
- Total market value of NSE-listed companies increased to ₹474 lakh crore, up from ₹439 lakh crore in 2024.
- Interest rates moved lower during the year. The India 10 year government bond yield fell from 6.8% to 6.6%, indicating easing financial conditions.
- The rupee weakened, with USD INR moving from 85.6 to 89.9 during the year.
Fund Mobilisation and Primary Markets
Fund mobilisation is simply the total money companies raised during the year by selling shares, issuing bonds, and using other market routes to raise funds from investors.
- Total fund mobilisation in 2025 stood at ₹19.63 lakh crore, up 10% compared to 2024.
- Companies raised ₹4.19 lakh crore through equity, slightly lower than last year.
- 103 mainboard IPOs raised ₹1.72 lakh crore, compared to 90 IPOs raising ₹1.59 lakh crore in 2024.
- SME IPO activity slowed, with 117 SME IPOs raising ₹5,784 crore, down from 178 IPOs in 2024.
- Debt fundraising increased sharply, with companies raising ₹15.10 lakh crore, mainly through commercial papers and private bonds.
- Maharashtra, Delhi NCR, and Karnataka accounted for the largest share of mainboard IPOs by issue size.
Secondary Markets
- NSE ranked number one globally in equity derivatives trading, accounting for 53.2% of global contracts traded in 2025.
- Cash market trading slowed, with average daily turnover falling to ₹99,622 crore from ₹1.16 lakh crore in 2024.
- Equity options and futures trading volumes declined, while commodity derivatives saw strong growth.
- Corporate bond trading improved significantly, with RFQ based bond turnover rising over 50% year on year.
- Seven municipal bonds were listed in 2025, raising ₹750 crore, the highest ever in a single year.
Investors and Household Wealth Creation
- India had 12.5 crore unique registered investors as of December 30, 2025.
- 1.6 crore new investors were added during the year, taking total investor accounts to 24.5 crore.
- Investor growth came largely from states like Uttar Pradesh, Maharashtra, Gujarat, and Tamil Nadu.
- Despite higher registrations, active participation declined, with equity derivatives traders falling from 111.5 lakh in 2024 to 83.1 lakh in 2025.
- Since April 2020, household wealth added through Indian equities has crossed ₹53 lakh crore.
International Exchange (NSE IX)
- NSE International Exchange crossed $1 trillion in notional turnover in calendar year 2025, reaching $1.16 trillion.
- GIFT Nifty contracts recorded 23.55 million contracts traded during the year, with turnover of about $1.13 trillion.
- The highest monthly turnover was recorded in October 2025, with trades worth $106.22 billion.
- Total unique client codes on NSE IX increased to 69,644, up from 54,782 in 2024.
Clearing and Settlement
- Average daily collateral at NSE Clearing rose to ₹7.68 lakh crore, up nearly 11% from 2024.
- The highest open interest in equity derivatives during the year was about ₹29.53 lakh crore, recorded in October 2025.
- Core Settlement Guarantee Fund across segments increased to ₹12,653 crore.
Indices
- Nifty 50 delivered 11.9% in 2025 on a total return basis.
- Nifty Bank up 18.1% and Nifty Financial Services up 18.6%.
- IT, FMCG, and Media indices ended the year in negative territory.
- NSE launched 16 new indices in 2025.
Electricity Derivatives
- NSE introduced Monthly Electricity Futures contracts in July 2025.
- Between August and December 2025, 4.34 lakh electricity futures contracts were traded, with a turnover of ₹21,750 crore.
- Power procurement savings of ₹1,172 crore were reported, supported by a decline in electricity prices.
You can read the full NSE Annual Highlights Calendar Year 2025 here.
