NSE sets a new world record for highest number of transactions

On Wednesday, 5 June 2024, the National Stock Exchange of India (NSE) set a new record by having the most transactions ever in a single day.

NSE CEO Ashish Chauhan revealed on X (previously known as Twitter) that the exchange handled an impressive 1,971 crore (19.71 billion) orders and saw 28.05 crore (280.55 million) trades during a trading session lasting only 6 hours and 15 minutes.

On the 5th of June, the Nifty 50 index experienced a substantial recovery, up by 736 points or 3.36% to end the day at 22,620, marking a historic day. This significant rebound occurred after a steep drop on 4 June 2024, possibly caused by instability related to the Lok Sabha election outcome.

Also Read: CEO unveils AI avatars for Zoom meetings to improve work-life balance

FAQs

Q. Does NIFTY 50 companies change every day?

A. The NIFTY Index is reconstituted every six months and considers the performance of a stock over such period. Depending on this performance, and given that a company and its stock fulfils all the eligibility criteria mentioned above, the list might include or eliminate new/old stocks respectively.

Q. Who is the owner of Nifty?

A. Nifty 50 is owned and managed by NSE Indices (previously known as India Index Services & Products Limited), which is a wholly owned subsidiary of the NSE Strategic Investment Corporation Limited.

Q. Which is the most followed index in India?

A. The S&P BSE Sensex is the oldest and most popular securities market index in India. It includes 30 big and well-known companies from different sectors of the Indian economy.

Q. What are the 2 largest stock market indexes?

A. The S&P 500 and Dow Jones Industrial Average are the top large-cap indexes. Notable mid-cap indexes include the S&P Mid-Cap 400, the Russell Midcap, and the Wilshire US Mid-Cap Index.