NSE Sets New Global Benchmark With 19.71 Billion Single-Day Orders: CEO

On Wednesday, the equity markets displayed a notable resurgence, marking a significant rebound from the preceding day's performance

The National Stock Exchange of India (NSE) reached an extraordinary feat on Wednesday, marking a significant milestone by establishing a new global record for the highest volume of transactions recorded within a single trading day. Ashish Chauhan, the CEO of NSE, took to the microblogging platform X (formerly Twitter), previously recognised as Twitter, to disclose this remarkable achievement. He revealed that the exchange handled an unparalleled 19.71 billion orders and executed a staggering 280.55 million trades during the trading hours from 9:15 am to 3:30 pm.

"NSE handled the highest ever - world record - number of transactions in a single day today on June 5, 2024, in a 6 hours and 15 minutes (915 am to 330 pm) single trading day-  1,971 crore (19.71 billion) orders per day. 28.55 crore (280.55 million) trades per day," Chauhan wrote.

On Wednesday, the equity markets displayed a notable resurgence, marking a significant rebound from the preceding day's performance. This resurgence was attributed to investors' growing optimism surrounding the potential formation of the next government led by the Bharatiya Janata Party (BJP)-led National Democratic Alliance (NDA). Prime Minister Narendra Modi has tendered his resignation for his second term and is poised to be sworn in for a third term on June 8th, as per reports.

Demonstrating this favourable sentiment, the BSE Sensex index experienced a robust surge of 2,303 points, equivalent to 3.2 per cent, reaching a closing level of 74,382. Similarly, the Nifty50 index ascended by 736 points, marking a gain of 3.36 per cent, concluding at 22,620.

The 30-stock index's advancers were IndusInd Bank, Mahindra & Mahindra (M&M), Tata Steel, Axis Bank, HDFC Bank, Bajaj Finance, Kotak Bank, ICICI Bank, Hindustan Unilever (HUL), JSW Steel, Asian Paints, Nestle India, Maruti Suzuki, Wipro, and ITC, all registering gains ranging between 3 per cent and 7 per cent. The sole underperformer on the index was Larsen & Toubro (L&T).