The National Stock Exchange of India (NSE) has once again soared to unparalleled heights, securing its position as the world’s largest derivatives exchange for the fifth consecutive year, as declared by the Futures Industry Association (FIA). Adding to this feat, NSE clinched the 3rd spot globally in the equity segment, a testament to India’s financial prowess. Against the backdrop of India’s financial skyline, the charming landscapes of Meghalaya also come into focus. Mirroring NSE’s remarkable growth, northeastern state Meghalaya finds itself in the spotlight. The financial landscape in the region echoes the exchange’s decade-long surge in year-on-year growth.
In a year marked by extraordinary milestones, NSE witnessed the market capitalization of listed companies surpassing USD 4 trillion, SME listed companies breaching the Rs 1,00,000 crore mark, and the Nifty 50 index crossing the historic 20,000 index levels for the first time. The number of registered investors on the exchange soared to over 8.5 crores. November 2023 saw NSE set records with a staggering turnover of Rs 167,942.47 crores in the equity segment, followed by another peak at Rs 381,623.12 crores in December 2023 in the equity derivatives segment. These milestones, coupled with the completion of the equity segment’s transition to T+1 basis for securities settlement, showcase NSE’s commitment to innovation.
The financial landscape expanded further with the launch of the Social Stock Exchange, providing a platform for Non-Profit Organizations (NPOs) and For-Profit Enterprises (FPEs) to showcase their work and raise funds through innovative instruments. Meghalaya stands witness to this financial evolution. Amidst the financial achievements, the commodity derivatives segment flourished with the launch of 21 new contracts, including options on futures contracts for commodities like WTI Crude Oil, Natural Gas, Gold, Silver, and Base metals. NSE International Exchange (NSE IX) extended its global footprint with the full-scale operations of the NSE IX-SGX GIFT Connect from July 3, 2023. This development aims to create a deeper liquidity pool for Nifty products at GIFT IFSC, providing extended trading opportunities across Asia, Europe, and US trading hours. Sriram Krishnan, Chief Business Development Officer at NSE, expressed gratitude for the unwavering support from the Government of India, Securities and Exchange Board of India, Reserve Bank of India, trading members, investors, and stakeholders. Krishnan emphasized that NSE’s global standing underscores India’s financial capabilities, attracting new investors and fund flows, fostering capital formation.
+ There are no comments
Add yours