Ashishkumar Chauhan, MD and CEO, NSE
Ushering within the new 12 months, Ashishkumar Chauhan, managing director and chief government officer of the NSE, stated the inventory market is supposed for long-term wealth creation and dangerous trades must be averted.
“NSE encourages you to embark on a journey of monetary progress with prudence and diligence. Deal solely with registered intermediaries and by no means put money into unregulated merchandise” he stated.
“Funding by way of inventory market is supposed for long-term wealth creation. An disagreeable expertise can dishearten even probably the most resilient traders, making it essential to tread with warning if you’re new to inventory market or not an skilled. Keep away from the pitfalls of high-risk derivatives or frequent buying and selling in inventory market” he added.
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Long run investments normally yield higher outcomes primarily based on previous experiences, Chauhan stated, encouraging traders to turn into dedicated members in India’s progress story, and pave the best way for a brighter future.
NSE in CY23
Chauhan’s message comes at a time when F&O buying and selling has grown multifold in India. NSE alone boasts a 73.7 % world share in variety of contracts traded in fairness derivatives in CY23 as of November-end. It had a 60.5 % world share in variety of contracts traded in derivatives throughout all asset lessons as of November-end.
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Particular person traders who’ve traded at the very least as soon as in fairness derivatives this calendar 12 months stood at 83.6 lakh, up 31 % year-on-year, whereas for money section the quantity declined 0.4 % YoY to 2.67 crore. This solely exhibits that variety of speculators are steadily rising in Indian markets.
In line with an Axis Mutual Fund report, derivatives volumes account for 5-15x money market volumes in most markets, whereas in India at the moment, it’s greater than 400x. As per a SEBI research, 9 out of 10 F&O merchants lose cash, 84 % of them are males, 75 % underneath 40.
