On September 11, Ashish kumar Chauhan, MD and CEO of the National Stock Exchange (NSE), gave his thoughts on the historic event of the Nifty 50 reaching the 20,000 level for the first time.
According to a release, the Nifty 50, the most popular stock index in India, surpassed the significant milestone of 20,000 today.
“Nifty 50’s progress over the last 27 years, since it was launched at an 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 world and thought as well as execution leaders in the world not only in terms of trading technologies but also in corporate governance,” says a statement from the Nifty 50.
In addition, MD NSE stated that “7.5 crore direct unique PAN numbers having investors are now registered with us suggesting that 5 crore households are now directly investing 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 that, in his opinion, India has advanced significantly in the last 30 years in terms of market involvement.
“We still have a ways to go. This is a strong start. Like in the past, the road moving ahead will have its ups and downs. India will keep making progress, and the markets will keep reflecting that growth, as seen by the Nifty 50 index. In the future, the NSE will continue to provide India fair, effective, transparent, orderly, affordable, highly automated markets.