City
Epaper

AI-driven trading could blur the line between truth and lies, warns NSE MD

By ANI | Updated: November 2, 2024 08:30 IST

Mumbai (Maharashtra) [India], November 2 : Marking its 30th anniversary on Diwali, the National Stock Exchange of India (NSE) ...

Open in App

Mumbai (Maharashtra) [India], November 2 : 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."

Disclaimer: This post has been auto-published from an agency feed without any modifications to the text and has not been reviewed by an editor

Open in App

Related Stories

AurangabadMan awarded life imprisonment for murdering wife

AurangabadPath cleared for new surgical building in GMC; Rs 710 crore approved for project, GR issued

Mumbai26/11 Mumbai Attacks: Tahawwur Hussain Rana Denies Role During Crime Branch Interrogation

Other SportsIPL 2025: Powell, Sakariya debut for KKR as PBKS elect to bat

NationalHaryana Minister visits Bandhwari landfill site in Gurugram to review civic work

Business Realted Stories

BusinessIndia sees robust 10.35 pc annual growth in domestic airline passengers in FY25

BusinessSwiggi Instamart to create dedicated 'cooperative' category on its platform, signs MoU

BusinessIDFC FIRST Bank posts nearly 60 pc net profit loss at Rs 295.6 crore in Q4 FY25

BusinessMaharashtra Governor C. P. Radhakrishnan applauds YMCA's legacy of transforming lives

BusinessMedhavi Skills University, Accel Skill Partner to Boost Global Workforce Skills