The National Stock Exchange of India (NSE) set a new world record on Wednesday (5 June, 2024) for the most transactions in a single trading day.
CEO Ashish Chauhan shared on social media site X that the NSE processed 1971 crore (19.71 billion) orders and 28.55 crore (280.55 million) trades in just 6 hours and 15 minutes, from 9:15 AM to 3:30 PM.
“@nseindia handled the highest ever – world record – number of transactions in a single day today on June 5,2024 in a 6 hours and 15 minutes (915 am to 330 pm) single trading day- 1971 crore (19.71 billion) orders per day. 28.55 crore (280.55 million) trades per day,” said Chauhan on X.
According to analysts, Indian shares surged over 3% on Wednesday (5 June, 2024), achieving their best one-day gain in over three years. The Nifty index closed at 21,884.50, dropping 1,379.40 points, or 5.93%, from the previous session.
Advertisement
Today, Nifty opened strong and gained momentum throughout the session. The 50-stock index closed at 22,620, rising by 736 points or 3.36%.
Banking and financial stocks played a key role in driving the market, with the Nifty Bank index jumping by 2,126 points or 4.53% to finish at 49,055.
This boost came after key allies pledged support to form a new government, following a narrow win for the Prime Minister Narendra Modi-led National Democratic Alliance (NDA).
The major contributors to the index were HDFC Bank, ICICI Bank, and Reliance Industries, with additional support from Infosys, ITC, and Mahindra & Mahindra.
The top gainers included Adani Ports & Special Economic Zone, IndusInd Bank, Hindalco Industries, and Mahindra & Mahindra. On the other hand, only two stocks from the Nifty pack, Larsen & Toubro and Bharat Petroleum Corporation, ended with losses.
Also Read: Indian Stock Market Dips as Election Results Diverge from Poll Predictions
Chauhan also declared another achievement on Saturday (1 June, 2024) that the NSE received an award from Global Custodian for implementing T+1 settlement in India.
GlobalCustodian.com is the online platform for Global Custodian, the leading magazine focused on the international securities services industry. Published five times a year by Tungsten Publishing, Global Custodian offers analysis and commentary on the latest news and events in the international securities sector.
Want to learn the art and science of managing your money? The 1% Club can help. Details here
Disclaimer: The above content is for informational purposes only. Please consult a SEBI-registered investment advisor before making any investment decision.
