AI-driven trading could blur the line between truth and lies, warns NSE MD
Additionally, new NSE mobile apps for Android and iOS were launched, providing users with market updates and tools to make informed decisions on the go.
Marking its 30th anniversary on Diwali, the National Stock Exchange of India (NSE) celebrated its legacy of innovation with the launch of a multi-language website and mobile apps, enhancing accessibility for investors across India.
During the Muhurat Trading session, a tradition held on Diwali, NSE Managing Director Ashish Kumar Chauhan extended warm wishes for the new year, Vikram Samvat 2081, and highlighted NSE's commitment to providing accurate and reliable information to the trading community.
Chauhan said, "Some people leave their decisions to trade and invest on software, just like driver-less cars. This and many more dangerous uses of AI are being made. With persistent use of AI, the line between truth and lies will become blurred."
Reflecting on NSE's origins, Chauhan noted, "NSE came into being on 3 November 1994, on Diwali, so today marks 30 years of NSE. Traditionally, Gujarati and Marwadi businessmen close their account books today, marking the last day of the year. Muhurat trading holds great importance for the country." He emphasized the significance of this auspicious occasion, when many investors participate in a ceremonial trade to mark the beginning of a prosperous financial year.
In its efforts to support investors across linguistic backgrounds, NSE introduced its website in eight additional regional languages, bringing the total to twelve, including Assamese, Bengali, Kannada, Malayalam, Oriya, Punjabi, Tamil, and Telugu, along with previously supported English, Hindi, Marathi, and Gujarati.
Additionally, new NSE mobile apps for Android and iOS were launched, providing users with market updates and tools to make informed decisions on the go.
Chauhan said, "People often spread rumours and tips on trading. All information required by information from a trusted source will be provided by NSE. Today, we have launched NSE India websites in 8 languages, with 4 languages provided earlier, making it a total of 12 languages now. Android and ioS mobile apps have also been launched by the NSE."
On Muhurat Trading in the NSE on the occasion of Diwali, NSE MD Ashish Kumar Chauhan said, "I wish a good and prosperous new year Vikram Samvat 2081 to everyone. NSE came into being on 3 November 1994, on Diwali, so today marks 30 years of NSE. Traditionally, Gujarati and Marwadi businessmen close their account books today marking the last day of the year... Muhurat trading holds great importance for the country."
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.
RECOMMENDED STORIES
Retirement Planning: SIP+SWP combination; Rs 15,000 monthly SIP for 25 years and then Rs 1,52,000 monthly income for 30 years
Top Gold ETF vs Top Large Cap Mutual Fund 10-year Return Calculator: Which has given higher return on Rs 11 lakh investment; see calculations
Retirement Calculator: 40 years of age, Rs 50,000 monthly expenses; what should be retirement corpus and monthly investment
SBI 444-day FD vs Union Bank of India 333-day FD: Know maturity amount on Rs 4 lakh and Rs 8 lakh investments for general and senior citizens
Home loan EMI vs Mutual Fund SIP Calculator: Rs 70 lakh home loan EMI for 20 years or SIP equal to EMI for 10 years; which can be easier route to buy home; know maths
Power of Compounding: How many years it will take to reach Rs 2 crore corpus if your monthly SIP is Rs 3,000, Rs 4,000, or Rs 5,000
02:04 PM IST