NSE MD warns against AI-driven trading, launches a new mobile app

• NSE marked its 30th anniversary on the occasion of Diwali on Friday.
• It introduced its website in eight additional regional languages, taking the total to twelve.
• The stock exchange also announced a new app for Android and iOS users.

Marking its 30th anniversary on the auspicious occasion of Diwali, the National Stock Exchange of India (NSE) announced the launch of a multi-language website and mobile app, 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 driverless 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."

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

Key features of the app's initial release include an overview of indices, market snapshots, market trends, and turnover; quick summaries of Nifty 50's top gainers, losers, and most active stocks, along with a convenient stock search and personalized watchlist feature; a specialized option chain section for easy access to options trading data, including active calls, puts, and open interest, providing investors with insights for informed decisions.

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."

With inputs from ANI.

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