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Investing through internet and mobile trading are on the rise at NSE in Bihar

Patna, May 6 (RDI IBNS): Smart phones are helping stock exchanges to penetrate markets in the eastern region including Bihar and Jharkhand. Such trading patterns are relatively new in states like Bihar.

Indias Leading stock Exchange National Stock Exchange of India Limited (NSE) has witnessed record trading through Internet and Mobiles in recent past. Number of active users in Bihar has increased by 20% in NSE as compared to a year back. Patna accounts for close to 40% trades in Bihar, followed by Muzaffarpur. NSE has taken several steps for increasing internet and mobile participation over the years, one of them was developing an app for brokers who can use this platform to register their customers to buy and sell. Investors benefitted immensely with this initiative. NSE Mobile trading Application is compatible with almost all handsets and operating systems viz android phones, tablets, iPhone and iPads. An investor can also track the market online using mobile apps. More than 1500 companies stocks as well as 42 exchange traded funds (ETF) are traded at NSE. Such apps are usually provided by NSE members. Some of the apps allow technical analysis and live news updates of the market. Before starting to trade, an investor needs to fill up a Know your client (KYC) form and also needs to open a demat account. Along with traditional share market, we expect people to participate in relatively new retail friendly products like Exchange Traded Fund (ETF) through such modes, said Ravi Varanasi, Chief Business Development, NSE. Along with company shares, other products like stock based ETFs, gold based ETFs, Mutual Funds; Currency etc can also be traded through such facility. NSEs Nifty has become the benchmark for the Indias capital market.

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