- Futures and options trading in India has seen an unprecedented rise in recent years with derivatives volumes now over 400 times of cash-trading volumes
- Samvat 2080 on a firm note; markets end strong, Nifty above 19,500 and Sensex closes with over 350 points gain, Nifty Small-cap Index hits new 52-week high
NE BUSINESS BUREAU
AHMEDABAD, NOV 13
MD & CEO of National Stock Exchange Ashishkumar Chauhan on Sunday, in his message to retail investors, said that the stock market is meant for long-term wealth creation and trade in derivatives by retail investors should be avoided because of the high risk involved.
Futures and options trading in India has seen an unprecedented rise in recent years with derivatives volumes now over 400 times of cash-trading volumes.
In most global markets, derivatives volumes account for 5-15x their cash market volumes.
“Muhurat Trading at the National Stock Exchange is a testament to our shared financial aspirations. In the heart of this vibrant marketplace, as the Diwali lights shimmer, we embark on a journey of careful choices and strategic investments Each trade made during this auspicious time promises growth and the spirit of unity among investors. NSE encourages investors to deal only with registered intermediaries and refrain from dealing in unregulated products,” he said.
He further added, “The stock market is meant for long-term wealth creation. An unpleasant experience disheartens the affected investors to enter the stock market ever again. Trade in derivatives by retail investors should be avoided because of the high risk involved in derivatives. Be a long-term player.”
“This is the best way to participate in India’s growth story. May the trades be favorable, the investments be fruitful, and the spirit of Diwali guide us toward abundance and financial success. Happy Muhurat Trading at the National Stock Exchange, where every trade signifies our collective resolve to build a stronger, wealthier tomorrow,” the statement added.
Samvat 2080 on a firm note; Markets end strong, Nifty above 19,500 and Sensex closes with over 350 points gain
The benchmark equity indices NSE Nifty 50 and BSE Sensex closed with gains during the Muhurat trading session on the auspicious occasion of Diwali 2023 on Sunday. The NSE Nifty 50 gained 100.20 points or 0.52% to settle at 19,525.55, while the BSE Sensex added as much as 354.77 points to 65,259.45. The Bank nifty index closed 176.55 points or 0.40% up at Rs 43,996. 55.
The Nifty Small-cap index jumped more than 1% hits its 52-week high. The broader indices ended largely in positive territory, with gain led by Midcap and Smallcap stocks. Metal and IT stocks gained the most among the other sectoral indices. Coal India, UPL, Infosys, Eicher Motors and Wipro were the top gainers while the laggards included Britannia Industries, Sun Pharma, Apollo Hospitals, Bajaj Finserv and LTIMindtree.
