NSE Celebrates 30th Anniversary with New Multi-Language Website and Apps
The National Stock Exchange of India (NSE) marked its 30th anniversary on Diwali by launching a multi-language website and mobile apps to enhance accessibility for investors across India. During the Muhurat Trading session, a Diwali tradition, NSE Managing Director Ashish Kumar Chauhan extended warm wishes for the new year, Vikram Samvat 2081, and emphasized NSE’s commitment to providing accurate information to the trading community.
Chauhan expressed concerns about the use of AI in trading, comparing it to driver-less cars, and warned that it could blur the line between truth and lies. He reflected on NSE’s origins, noting that it was established on November 3, 1994, on Diwali, making this its 30th year. Muhurat trading, a significant event for Gujarati and Marwadi businessmen, marks the last day of the financial year and the beginning of a prosperous new year.
To support investors from diverse linguistic backgrounds, NSE introduced its website in eight additional regional languages, bringing the total to twelve, including Assamese, Bengali, Kannada, Malayalam, Oriya, Punjabi, Tamil, and Telugu, along with English, Hindi, Marathi, and Gujarati. New mobile apps for Android and iOS were also launched, offering market updates and tools for informed decision-making.
Chauhan stated, “People often spread rumors and tips on trading. All information required by investors from a trusted source will be provided by NSE.”
Doubts Revealed
NSE -: NSE stands for the National Stock Exchange of India. It is a place where people buy and sell shares of companies, similar to a big marketplace for stocks.
30th Anniversary -: The 30th anniversary means that it has been 30 years since the NSE was first started. Anniversaries are like birthdays for organizations.
Multi-Language Website -: A multi-language website is a website that can be read in different languages. This helps people who speak different languages understand the information better.
Apps -: Apps are short for applications, which are programs you can use on your phone or tablet. They help you do things like check stock prices or get news updates.
Diwali -: Diwali is a popular festival in India, also known as the Festival of Lights. It is celebrated with lights, sweets, and fireworks.
Muhurat Trading -: Muhurat Trading is a special trading session on the stock market during Diwali. It is considered auspicious and marks the beginning of a new financial year for some communities.
Ashish Kumar Chauhan -: Ashish Kumar Chauhan is the Managing Director of the NSE. He is a leader who helps run the stock exchange.
AI -: AI stands for Artificial Intelligence. It is a type of technology that can think and learn like humans, but sometimes it can make mistakes or confuse truth with lies.
Gujarati and Marwadi businessmen -: Gujarati and Marwadi are communities in India known for their business skills. They often follow traditional practices, like starting a new financial year during Diwali.
