What milestone did the National Stock Exchange (NSE) of India achieve in October 2024?

The correct answer is 20 crore client codes.

Key Points

• In October 2024, the National Stock Exchange (NSE) of India achieved a significant milestone by crossing 20 crore client codes.
• This achievement signifies the growing participation of retail investors in the Indian stock market.
• The increase in client codes reflects NSE's efforts to enhance financial inclusion and digital accessibility in the financial markets.
• It also highlights the trust and confidence of investors in NSE as a reliable and efficient trading platform.

Additional Information

• National Stock Exchange (NSE)
  • Established in 1992, NSE is the leading stock exchange in India.
  • It was the first exchange in India to provide a modern, fully automated electronic trading platform.
  • NSE offers trading in various segments including equity, derivatives, currency, and debt.
  • It plays a crucial role in developing the Indian financial market infrastructure.
• Client Code
  • A client code is a unique identifier assigned to an investor or trader by a brokerage firm.
  • It is used to track and manage trading activities and transactions.
  • Having a client code is mandatory for participating in stock market transactions.
• Financial Inclusion
  • Financial inclusion refers to the process of ensuring access to appropriate financial products and services.
  • It aims to provide financial services at affordable costs to all individuals and businesses.
  • Key components include savings, credit, insurance, and payment services.
  • Promoting financial inclusion is essential for economic growth and reducing poverty.
• Digital Accessibility
  • Digital accessibility involves making digital platforms and services usable by all people, including those with disabilities.
  • It ensures that everyone has equal access to information and technology.
  • In the financial sector, digital accessibility helps in reaching a wider audience and enhancing user experience.