NSE vs BSE shares: NSE falls 1.4% in a week but BSE gains 2%; what lies ahead? Support, target price, rationale

What happened: NSE shares slipped below their IPO price in the first week after listing on BSE, while BSE shares gained over the same period. Key numbers: NSE debuted on BSE on September 24, 2026 at ₹1,800 versus an IPO price of ₹1,785. NSE fell 1.4% in a week and 2.2% from listing. Why it matters: Brokerages stay positive on NSE long term, with PL at Accumulate and a ₹1,950 target and Macquarie at Outperform and ₹1,965. Macquarie rates BSE Outperform with a ₹4,000 target, while Nuvama downgraded BSE to Hold and cut its target to ₹3,240.

NSE shares slipped below their IPO price in the first week after listing on BSE, while BSE shares gained over the same period.

Brokerages stay positive on NSE long term, with PL at Accumulate and a ₹1,950 target and Macquarie at Outperform and ₹1,965. Macquarie rates BSE Outperform with a ₹4,000 target, while Nuvama downgraded BSE to Hold and cut its target to ₹3,240.