Use of handsets for
trading in stocks has gained popularity as nearly 1.30 lakh investors
transacted on leading bourse NSE
(National Stock Exchange) through mobile (Cellphone) applications in the
first quarter of 2014-15 more than
double in the same period of last fiscal.
About 50,000
investors had used the mobile trading application provided by the National
Stock Exchange in the April-June quarter of 2013-14, as per the NSE data.
Besides, the number
of investors who traded via NSE's mobile trading application stood at 80,000
clients in the last quarter (January-March) of 2013-14.
Further, the daily
average turnover (Cash Segment & F & O segment) from mobile trading
significantly rose from Rs. 319 crore in April 2012 to Rs. 3,001 crore in June this year on the
exchange, the data showed.
Meanwhile, about 9
lac investors traded in stocks on the NSE through the Internet in first quarter
of 2014-15, an increase of nearly 22 % from the last quarter of the previous
financial year.
The NSE mobile
trading applications allows investors to trade in the cash, derivatives or /
currency market through their mobile phones, while travelling anywhere in the
country or abroad. Trades are facilitated through the exchange's registered
brokers.
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