Business

Rise in stock market participation from N-E States

The National Stock Exchange said on Monday that there was a sharp increase of people from eight North-Eastern States participating in the capital market in the past one year.

The National Stock Exchange said on Monday that there was a sharp increase of people from eight North-Eastern States participating in the capital market in the past one year.  

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NSE official Ravi Varanasi attributes this to substantial increase in investor awareness programmes there.

The National Stock Exchange said on Monday that there was a sharp increase of people from the eight North-Eastern States participating in the capital market in the past one year.

“The eight States in the region witnessed around 18 per cent growth in people’s participation since the last general election (year-on-year basis),” NSE Business Development Chief Ravi Varanasi said in a statement here.

“Multi-dimensional opportunities”

Mr. Varanasi added the growth in the financial sector would throw up multi-dimensional opportunities in the coming years. “Our attempts would also ensure faster financial inclusions,” he said.

According to the NSE official, the increase in people’s participation from the region was because of the substantial increase in the number of investor awareness programmes in all these States, the latest of which was held here on Saturday.

75 awareness programmes planned

The NSE has plans to organise 75 such programmes to reach out to the masses in these States to further its cause of financial awareness of which it has already organised 27 awareness programmes at Assam and Tripura this financial year.

Last year, the NSE conducted 59 programmes in the region which included Gomati, Khowai, Sepaijila, Dhalai and Unakati in Tripura and Hailakandi, Goalpara, Morigaon, Durrang, Baksa and Chirrang, among others in Assam.

In Meghalaya, similar programmes were held in Jowai and Ri Bhoi districts while several other programs were also conducted in Mizoram, Manipur, Nagaland and Arunachal Pradesh, the official said.

Trading cautiously

In all these programmes, NSE officials advised investors on the steps they should take, to ensure that their interests were protected.

They were given guidance on how to trade cautiously, not to get misled by market rumours and invest according to a wise investment plan.

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Printable version | Jan 26, 2020 5:08:15 PM | https://www.thehindu.com/business/rise-in-stock-market-participation-from-ne-states/article7625045.ece

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