NSE MD warns against AI trading and launches new mobile app

NSE celebrated its 30th anniversary on the occasion of Diwali on Friday.
The company introduced its website in eight additional regional languages, bringing the total number of languages to twelve.
stock exchange also announced a new application for Android and iOS users.

Celebrating its 30th anniversary on the occasion of Diwali, the National Stock Exchange of India (NSE) announced the launch multilingual website and a mobile app that enhances accessibility for investors across India.

During the Muhurat trading session, the Diwali tradition is celebrated, NSE Managing Director. Ashish Kumar Chauhan expressed warm wishes for the new year, Vikram Samvat 2081, and emphasized NSE’s commitment to providing accurate and reliable information to the trading community.

Chauhan said: “Some people are abandoning their decisions to trade and invest in software, just like self-driving cars. These and many other dangerous uses of AI. With the continued use of AI, the line between truth and lies will become blurred.”

Reflecting on the origins of NSE, Chauhan said, “NSE came into existence on November 3, 1994, Diwali, hence today marks the 30th anniversary of NSE. Traditionally, Gujarati and Marwadi businessmen close their books today to mark the last day of the year. Muhurat trade is of great importance for the country.”

In an effort to support investors of all linguistic backgrounds, NSE has introduced its website in eight additional regional languages, bringing the total number to twelve, including Assamese, Bengali, Kannada, Malayalam, Oriya, Punjabi, Tamil and Telugu, as well as the previously supported English language. Hindi, Marathi and Gujarati.

NSE has also launched a new mobile app for Android and iOS, providing users with market news and tools to make informed decisions on the go.

Key features of the initial version of the app include index overview, market snapshots, market trends and turnover; Quick summaries of top gainers, losers and most active Nifty 50 stocks, along with easy stock search and personalized watchlist feature; A dedicated options chain section for quick access to options trading data, including active calls, puts and open interest, providing investors with valuable information to make informed decisions.

Chauhan said, “People often spread rumors and trading tips. All information required to obtain information from a reliable source will be provided by NSE. Today, we have launched NSE India websites in 8 languages, with 4 languages being provided earlier, making a total of NSE has also launched mobile apps for Android and iOS in 12 languages.”

Based on ANI data.

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