Tue Sep 24 10:50:58 UTC 2024: ## Northern ARC Capital Makes a Stellar Debut on the Stock Market

**Chennai, India – September 24, 2024:** Northern ARC Capital Ltd, a leading asset reconstruction company, made a strong debut on the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE) today, listing at a remarkable 33% premium.

The share price opened at Rs 322.00, a significant 22.43% increase from its previous closing price of Rs 263.00. This strong performance reflects investor confidence in the company’s future prospects.

Northern ARC Capital Ltd reported a profit of Rs 66.14 crore on a total income of Rs 474.00 crore for the quarter ended 2023. The company’s market capitalization currently stands at Rs 5,196 crore.

However, the overall market sentiment was subdued, with the Nifty closing at 25,950 and the Sensex ending at 84,900 after shedding earlier gains.

**Energy Exchange Tumbles on Market Coupling Buzz**

Indian Energy Exchange Ltd (IEX) witnessed a significant decline of 12% today, attributed to reports suggesting the government’s plan to implement market coupling.

While Northern ARC Capital’s strong debut signals optimism in the financial sector, the dip in IEX underscores the volatility in the market, driven by evolving government policies and regulations.

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