23 July 2024 Punjab Khabarnama : The Union Budget volatility resulted in an intensely busy day on Dalal Street, with the National Stock Exchange (NSE) clocking 25.97 crore trades in a single day, a world record in itself.
NSE’s MD and CEO Ashish Chauhan took to social media platform X to post the update about orders placed by investors and traders. ” Today, July 23, 2024, the budget day, was one of the busiest days ever for NSE with more than 2044 crore orders (world record for any exchange in the world) were received today in a single day by NSE resulting in 25.97 crore trades today.”
The stock market displayed strong resilience, rebounding from lows after the knee-jerk reaction over the changes to the long-term and short-term capital gains tax, ending flat at close.
This feat pips the previous record of most number of orders in a day which was seen a day after Assembly Election verdict, as investors rushed to place their bets after key allies of NDA pledged support to PM Modi for a third term. On June 5, NSE had witnessed 1971 crore orders in a day, resulting in 28.55 crore trades. That trading session saw of India’s best single-day gain in over three years.