BUZZ — India's NSE to dominate market share, power, Macquarie says; initiates with "outperform"

* National Stock Exchange of India's full set of services, technology stack, and deep liquidity makes NSE the lynchpin of India's financialisation — analysts at Macquarie Equity Research * Brokerage initiates coverage with "outperform" rating; TP at 1,965 rupees * Potential for re-rating could come from traction in new products, which would an upside to our estimates, brokerage says * Adds, entrenched network effects, industry-leading profitability, and cash underpin brokerage's positive outlook * NSE listed on public bourses today, rising about 3.74% to 1,867.30 rupees in its trading debut as of 10:19 AM IST (Reporting by Saikeerthi in Bengaluru) ((Saikeerthi@thomsonreuters.com; (+91) 8296756080)