Chauhan, an IIT Bombay and IIM Calcutta alumni, who was recently conferred the Forbes magazine’s Editor’s Choice Lifetime Award, steered the National Stock Exchange (NSE), which he helms amid the recent meltdown, urging investors to stay focused on long-term wealth creation, while highlighting India’s strong macroeconomic buffers.
The development came amid escalating tensions in the Middle East and a substantial surge in the US bond yields.
The 30-scrip Sensitive Index (Sensex) and broader 50-scrip Nifty on National Stock Exchange (NSE) rose in early trade on Monday.
Among the stocks, Hindustan Zinc, Power Grid Corp, NTPC, ONGC, Pidilite Industries were some of the top gainers during the early trade, exchange data showed.
At 10 a.m., the S&P BSE Sensex traded at 56,985.73 points, down 0.24 percent from its previous close.
On the Sensex, the sectors which are trading high are auto, energy, and metal among others.
It opened at 56,320 points from the previous close of 55,822 points.
Around 9.50 a.m., it was trading at 50,062.58, higher by 270.46 points or 0.54 per cent from its previous close of 49,792.12.
The 30-share index was trading 133.27 points, or 0.37 per cent, lower at 36,107.73 at 0945 hrs.
Positive global cues pushed the key domestic equity indices to new intra-day high levels during the morning trade session on Tuesday.
