Business News Desk: The selling that has been going on for the last three days in the Indian stock market has come to an end today. This news has given a sigh of relief to the investors. Because on October 17 alone, investors had suffered a loss of Rs 6 lakh crore. However, some recovery has been seen in it today. This recovery is visible due to expectations of India’s growth. It is not only the World Bank that is confident that India will run fastest on the track of progress. National Securities Depository Limited (NSDL) said that the value of assets held in demat form in the depository will reach Rs 500 lakh crore (6 thousand billion dollars) in September 2024.
What does the report say?
According to the report, it took 18 years for the depository to reach Rs 100 lakh crore in June, 2014, six more years to touch Rs 200 lakh crore in November, 2020 and four years to touch the Rs 500 lakh crore milestone. Engaged. NSDL Interim Managing Director (MD) S Gopalan said in the statement that we thank investors, market participants, regulators and other concerned parties on this historic occasion.
This story has been going on since 1996
NSDL is a SEBI-registered market infra unit that offers a wide range of products and services to the financial and securities markets in the country. Since the introduction of the Depository Act in 1996, NSDL led the transition to paperless securities in India in November 1996. Last month, the depository got approval from SEBI to launch its initial public offering (IPO). The approval from the market regulator came more than a year after the company filed its initial IPO documents with the regulator in July 2023.
