Three new listings contribute to 10% of NSE cash turnover on Wednesday amidst listing frenzy

Dalal Street’s newest entrants stole the show on Wednesday, November 19, contributing to over 10% of the NSE’s total cash market turnover as investors continued to chase the listing frenzy across the new entrants.Tenneco Clean Air India, Billionbrains Garage Ventures, and Physicswallah together accounted for 10.2% of the NSE’s nearly ₹1 lakh crore cash turnover, underscoring the sustained appetite for newly listed companies, even as investors chose to take some money off the table after strong listings, particularly in the latter two stocks.

In its debut session, Tenneco Clean Air India Ltd. outpaced even the bluest of blue chips, topping the NSE’s turnover chart with trades worth ₹5,101 crore. The US-based Tenneco Group–backed auto components maker surged as much as 30.2% in intra-day trade from its IPO price of ₹397 after raising ₹3,600 crore through the three-day bidding process.

Close behind was Billionbrains Garage Ventures, the parent of discount broker Groww, which logged ₹2,522 crore in trades. Shares of the trading platform, which had rocketed nearly 90% in five sessions, hit its first lower circuit on Wednesday, trimming activity and pulling its average turnover since listing down to ₹6,100 crore.Ed-tech firm Physicswallah rounded out the trio, generating ₹2,369 crore in turnover as 16 crore shares changed hands. This marked a cooldown from its stunning debut-day turnover of ₹4,124 crore, with the stock ending 7.7% lower at ₹143.28.

Interestingly, while Tenneco held onto its debut gains, both Groww and Physicswallah ended the day in the red, signaling early profit-booking after a strong listing day performance.