FM rings Closing Bell at NSE to celebrate 25 years of democratizing Capital Market in India

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Mumbai, November 5, 2019:  History is being created today at the National Stock Exchange of India Limited (NSE) Bandra-Kurla Complex headquarters in Mumbai, even as Union Minister of Finance and Corporate Affairs Nirmala Sitharaman, Sebi Chairman Ajay Tyagi, NSE MD & CEO Vikram Limaye and leading dignitaries from India Inc, gathered to commemorate the completion of 25 years of electronic trading of equity, which commenced on Thursday, November 3, 1994. Twenty Five years ago, NSE, world’s first demutualized stock exchange, created a milestone in the history of stock exchanges by establishing widespread national reach for the exchange.

On this auspicious occasion, NSE had organized Closing Bell Ringing ceremony, with Nirmala Sitharaman along with Ajay Tyagi and Vikram Limaye doing the honors of Bell Ringing ceremony, signifying the celebration of 25 years of democratizing Capital Markets in India which has witnessed and achieved high success, offering access to electronic trading of equity asset class to the retail audience in the remotest parts in the country.

Speaking on the occasion, Nirmala Sitharaman, said, “I congratulate NSE for completing 25 years of revolutionizing the Indian Capital Markets. The exchange then pioneered a critical role in the development of Indian Capital Markets by launching electronic trading 25 years ago, and now will have an equally important role to play for realizing the national dream of $ 5 trillion economy.”

Ajay Tyagi, Chairman, SEBI said: “I congratulate NSE on this momentous occasion of 25 years of electronic trading of equities. I wish NSE all the success and hope that NSE would continue to play a leading role in the growth of capital markets in the country.”

Vikram Limaye, MD & CEO, NSE said, “NSE has been instrumental in democratising the capital market by launching a unified national market. The exchange provided a platform for improving financial well-being of people and easy access to Capital for all stakeholders. It has also built robust market infrastructure helping Indian markets to be recognized globally. NSE will continue to expand and enlarge the market participant base with its initiatives supporting Indian economy to scale new heights’’.

Amongst those who participated at the historic occasion were Industry leaders, Bankers, Mutual Fund CEOs and CIOs, Intermediaries, Investors and Professionals from Finance sector.

To commemorate the Silver Jubilee celebrations of Electronic Trading of Equity, NSE also announced that here on November 3 would be celebrated as the Retail Investor Day.  The Retail Investor Day would be in alignment with NSE’s stated agenda and vision for financial inclusion which has resulted in one of the largest investor education and literacy programs in the country. Starting from schools and colleges to programmes for investors, for women, special groups like police and armed forces to senior citizens, NSE already covers over 500 districts and over 2500 programs every year.