NSE MD & CEO INSIGHTS: NIFTY 50 CROSSES 20,000 MILESTONE

Celebration at NSE office upon crossing the landmark 20k milestone (Photo: Business Wire)

KUALA LUMPUR, Sept 13 (Bernama) -- Managing director and chief executive officer of National Stock Exchange of India (NSE), Shri Ashishkumar Chauhan has shared his perspective on the historic achievement of Nifty 50 crossing the 20,000 points for the first time.

Chauhan in a statement said the progress of Nifty 50, India’s favourite stock index, over the last 27 years, from its initial number of 1,000, showed the trust local and foreign investors have in India’s capital markets and its regulatory, legal system.

He added its ability to provide a fair, efficient, transparent, low-cost, always available, orderly market place that is better than the best in the world and thought as well as execution leaders in the world, not only in trading technologies but also in corporate governance.

“More than 7.5 crore direct unique PAN numbers having investors are now registered with us suggesting that five 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 said.

Chauhan stated that India will continue to progress and markets will continue to reflect that progress as seen in Nifty 50 index despite the challenges ahead.

He affirmed NSE's commitment to providing fair, efficient, transparent, orderly, low-cost and highly automated markets for India's future.

-- BERNAMA