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JammuNifty 50 crossing 20,000 milestone testament of trust of Indian ...

Nifty 50 crossing 20,000 milestone testament of trust of Indian and foreign investors in India’s capital markets: CEO NSE

Date:

NL Corresspondent

Jammu, Sept 11: Ashishkumar Chauhan, MD and CEO of Stock Exchange (NSE) has shared his views on the landmark achievement of Nifty 50 crossing 20,000 milestone for the first time.

Nifty 50 – 's favourite stock index reached a historic and an important milestone of 20,000 mark today.

“Nifty 50's progress over last 27 years, since it was launched at initial number of 1,000, shows is a testament to the trust Indian  and foreign investors place in India's capital markets and its regulatory, legal system to provide fair, efficient, transparent, low-cost, always available, orderly market place that is better than the best in the and thought as well as execution leaders in the world not only in terms of trading technologies but also in corporate governance,” he added. MD NSE added that more than “7.5 crore direct unique PAN numbers having investors are now registered with us suggesting that 5 crore households now directly invest a portion of their savings in equities market via the best in class, most automated, highly regulated markets provided by NSE consistently for several decades since its inception.”  He aslo said that his feeling is that India has come a long way in last 30 years in its markets participation.

“We have a longer way to go. This is a good beginning. There will be ups and downs in the journey going forward – like in the past. India will continue to progress and markets will continue to reflect that progress as seen in Nifty 50 index. NSE will continue to provide fair, efficient, transparent, orderly, low cost, highly automated markets to India in time to come,” he said.

Meanwhile, the successful summit and buying in index majors Reliance Industries and HDFC Bank also added to the winning momentum in equities.

The 30-share BSE Sensex regained the 67,000 level.

The benchmark jumped 528.17 points or 0.79 per cent to settle at 67,127.08. During the day, it rallied 573.22 points or 0.86 per cent to 67,172.13. The Nifty hit its all-time high of 20,008.15, a gain of 188.2 points or 0.94 per cent, in day trading.

The 50-issue barometer closed just below the 20,000 mark at 19,996.35, reflecting gains of 176.40 points or 0.89 per cent. “Nifty has finally managed to touch the much-anticipated 20,000 mark in the second attempt post-July 2023.

 

 

 

Northlines
Northlines
The Northlines is an independent source on the Web for news, facts and figures relating to Jammu, Kashmir and Ladakh and its neighbourhood.

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