On June 5, 2024, the National Stock Exchange of India (NSE) set a new world record by handling the highest number of transactions in a single day. NSE CEO Ashish Chauhan announced that the exchange processed 19.71 billion orders and 280.55 million trades during the trading session from 9:15 AM to 3:30 PM. This achievement underscores the robustness and efficiency of the Indian stock market infrastructure.
The remarkable performance of the Indian stock market was further highlighted by a significant surge in share prices, with the Nifty 50 index climbing 3.4% to 22,620.35 points. This was the best one-day gain since February 1, 2021. The rally was driven by political stability as key allies reaffirmed their support for Prime Minister Narendra Modi's National Democratic Alliance (NDA) following a tight election outcome (mint) (Argus English).
In another notable development, the NSE has consistently been the world's largest derivatives exchange for the fifth consecutive year as of 2023. This continued dominance is a testament to India's growing influence in the global financial markets (NSE India).
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