National Stock Exchange’s MD & CEO Ashiskumar Chauhan said, Nifty 50, India’s beloved stock index, has achieved a momentous milestone today by reaching the significant 20,000 mark. The remarkable journey of Nifty 50 over the past 27 years, starting from its inception at an initial value of 1,000, stands as a testament to the trust vested by both Indian and foreign investors in India’s capital markets. This trust extends to our regulatory and legal systems, which are renowned for delivering fairness, efficiency, transparency, cost-effectiveness, constant availability, and a well-organized marketplace that ranks among the world’s finest.
He also said, “In addition to excelling in trading technologies, India has also emerged as a global leader in corporate governance. Currently, we proudly register more than 7.5 crore unique PAN numbers, representing investors who have chosen to directly participate in the equity market. This indicates that approximately 5 crore households have opted to invest a portion of their savings in equities through the NSE, which has consistently provided a best-in-class, highly automated, and rigorously regulated market for several decades since its inception.”
He added, “Reflecting on this journey, I believe India has made significant strides in market participation over the last 30 years, yet there is a longer path ahead of us. This milestone signifies a promising start, but we must remain prepared for the inevitable fluctuations in our journey, just as we have experienced in the past. India’s progress will persist, and our markets will continue to mirror this advancement, as evidenced by the Nifty 50 index.Looking ahead, NSE remains committed to delivering fair, efficient, transparent, orderly, and cost-effective markets that are highly automated, thereby contributing to India’s continued growth and prosperity.”
