Ashishkumar Chauhan, MD and CEO, NSE
Ushering within the new yr, Ashishkumar Chauhan, managing director and chief govt officer of the NSE, mentioned the inventory market is supposed for long-term wealth creation and dangerous trades ought to be prevented.
“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 mentioned.
“Funding by means of inventory market is supposed for long-term wealth creation. An disagreeable expertise can dishearten even essentially the most resilient buyers, making it essential to tread with warning in case you are 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 often yield higher outcomes based mostly on previous experiences, Chauhan mentioned, encouraging buyers to turn into dedicated individuals 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 % international share in variety of contracts traded in fairness derivatives in CY23 as of November-end. It had a 60.5 % international share in variety of contracts traded in derivatives throughout all asset lessons as of November-end.
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Particular person buyers who’ve traded at the very least as soon as in fairness derivatives this calendar yr stood at 83.6 lakh, up 31 % year-on-year, whereas for money phase the quantity declined 0.4 % YoY to 2.67 crore. This solely reveals that variety of speculators are steadily rising in Indian markets.
In response to an Axis Mutual Fund report, derivatives volumes account for 5-15x money market volumes in most markets, whereas in India in the present day, it’s greater than 400x. As per a SEBI examine, 9 out of 10 F&O merchants lose cash, 84 % of them are males, 75 % underneath 40.