The Nifty 50, India’s beloved stock index, has reached a momentous milestone today, hitting the coveted 20,000 mark. Its remarkable journey over the past 27 years, starting from an initial value of 1,000, serves as a testament to the unwavering trust placed by both Indian and foreign investors in India’s capital markets and its robust regulatory and legal systems. These systems provide a foundation for a fair, efficient, transparent, low-cost, and continuously available marketplace that stands among the best globally. This achievement reflects not only excellence in trading technologies but also corporate governance leadership worldwide, said National Stock Exchange’s MD & CEO Ashiskumar Chauhan.
He said, currently, over 7.5 crore unique PAN numbers are registered with us, signifying that approximately 5 crore households directly channel a portion of their savings into the equity market through NSE. NSE has consistently offered world-class, highly regulated, and automated markets for several decades since its inception.
In my view, India has made significant strides in market participation over the past 30 years, with more progress ahead. While the journey may encounter its share of highs and lows, as it has in the past, India’s continued advancement will be mirrored in the Nifty 50 index. NSE remains committed to providing India with fair, efficient, transparent, orderly, and cost-effective highly automated markets in the years to come, Mr Chauhan added.
