India’s largest stock exchange, NSE, set a world record on Wednesday by handling 1,971 crore transactions in a single trading session. CEO Ashish Chauhan shared the news on Twitter, noting that this amounts to an average of 28.55 crore trades per hour during the 6 hours and 15 minutes of trading.
The surge in trading came as markets rebounded from a rough Tuesday. The Nifty index closed at 21,884.50, down 5.93% from the previous session. However, it started strong on Wednesday and gained 736 points, or 3.36%, to end at 22,620. The Nifty Bank index also saw a significant rise, closing at 49,055, up 4.53%.
Key contributors to the rally included HDFC Bank, ICICI Bank, and Reliance Industries, with strong performances from Infosys, ITC, and Mahindra & Mahindra. Top gainers were Adani Ports, IndusInd Bank, Hindalco, and Mahindra & Mahindra, while Larsen & Toubro and Bharat Petroleum were the only stocks to decline.
Additionally, NSE was recently recognized for implementing the T+1 settlement system in India by Global Custodian. This achievement highlights NSE’s commitment to improving the efficiency and reliability of the securities market.
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