Srinagar, Sep 11(KNS): Ashishkumar Chauhan, MD and CEO of the National Stock Exchange (NSE), shares his perspective on the historic achievement of Nifty 50 crossing the 20,000 milestone for the first time.

Nifty 50, India's favourite stock index, reached the significant milestone of 20,000 points. Chauhan stated, "Nifty 50's progress over the last 27 years, from its initial value of 1,000, is a testament to the trust Indian and foreign investors have in India's capital markets, its regulatory framework, and its ability to provide a fair, efficient, transparent, low-cost, and consistently available marketplace. It stands as a global leader, not only in trading technologies but also in corporate governance."

Chauhan also highlighted that "more than 7.5 crore unique PAN numbers are registered with us, indicating that 5 crore households are now directly investing a portion of their savings in the equities market through NSE's best-in-class, highly automated, and well-regulated markets, a tradition upheld for several decades."

He expressed his belief that India has made significant progress in market participation over the last 30 years, with a promising beginning. Chauhan acknowledged that there will be challenges ahead, but he is confident that India will continue to advance, with the Nifty 50 index reflecting this progress. 

He affirmed NSE's commitment to providing fair, efficient, transparent, orderly, low-cost, and highly automated markets for India's future.(KNS).