New Delhi: The National Stock Exchange (NSE) Managing Director (MD) & CEO AshishKumar Chauhan on Friday extended New Year greetings to lakhs of investors enrolled in stock markets and the countrymen on a whole.
Expressing heartfelt wishes to all stakeholders, Mr Chauhan said that India was on the cusp of strong growth and this calls for whole-hearted & committed effort from investors too, whose contributions would go a long way in firming up the India growth story.
In his New Year message, the NSE MD & CEO also had a piece of advice for new investors. He urged them to deal only with registered intermediaries & always refrain from unregulated products.
“As we step into the New Year, National Stock Exchange extends warm wishes to everyone. NSE encourages you to embark on a journey of financial growth with prudence and diligence. Deal only with registered intermediaries and never invest in unregulated products. Investment through stock market is meant for long-term wealth creation. An unpleasant experience can dishearten even the most resilient investors, making it crucial to tread with caution if you are new to stock market or not an expert. Avoid the pitfalls of high-risk derivatives or frequent trading in stock market. Be a committed participant in India’s growth story, and pave the way for a brighter future. Long term investments usually yield better results based on past experiences. Wish you a happy and prosperous 2024.”
Mr Chauhan also urged them not to get influenced or impacted by ‘pitfalls of high-risk derivatives and rather stick to long-term investments’.
NSE CEO on India’s economic resilience
The NSE MD & CEO, in recent conversation with a leading daily said that India’s economy was looking up and now actually ‘preparing to take off’.
He opined that the Indian economy was showing signs of breaking away from the shackles as unlike earlier, the global circumstances didn’t affect Indian economy much, this year.
“Earlier, whenever the oil prices went up, we used to be in trouble, interest rates abroad would go up, we would have FPIs taking money and markets will tank. This is the first time we didn’t see that happening, the Indian investor was sort of enlisting increasingly larger amounts every month,” he told CNBC TV 18.
