NSE Remains Optimistic Amid FPI Sell-Off

Mumbai, 04 October 2023 - Despite ongoing foreign portfolio investor (FPI) sell-offs in the Indian stock market, Sriram Krishnan, Chief Business Officer of the National Stock Exchange (NSE), has reaffirmed his confidence in India's economic resilience. Speaking exclusively to ANI, Krishnan dismissed concerns that the sell-off reflects underlying issues with India's growth prospects.

Krishnan pointed out that the recent market fluctuations are largely due to external factors such as the uncertainty surrounding the US elections, rather than any intrinsic economic weaknesses in India. "India continues to be a very strong, attractive investment destination," he stated, emphasizing the long-term robustness of the Indian market.

Addressing concerns about the upcoming IPO of the NSE, Krishnan mentioned that the exchange is currently in the queue for regulatory approval. "As and when we get the regulatory approval, we will proceed with the IPO," he assured, without providing a definitive timeline.

In light of increasing interest from younger investors, the NSE is stepping up efforts to educate and engage this demographic. Krishnan highlighted the launch of a new app and extensive educational initiatives aimed at fostering market literacy among the youth. "We conduct about 20,000 investor awareness programs annually," he said, expressing the exchange's commitment to expanding these efforts through collaborations with certified trainers.

The NSE's website also serves as a hub for educational resources, offering tools and information to help investors of all ages make informed decisions. "Anyone interested in learning more can participate in our events or utilize the resources available on our website," Krishnan added.

This strategic focus on education and investor engagement, coupled with a positive outlook on India's market, underscores the NSE's confidence in navigating through current market volatilities and maintaining its position as a leading exchange in Asia.