New Delhi: The National Stock Exchange of India (NSE) on Friday warned investors about investing their money in any guaranteed return scheme proposed by two individuals. These two people are Ujjwal Priyadarshee, associated with the share market, and Neha, associated with TradeSure.
In two separate statements, NSE said that they (Ujjwal and Neha) were offering guaranteed returns on investments and providing stock market-related advice for business while also managing their ‘trading’ accounts. According to the statements, these individuals are not registered as members of the exchange or as authorized persons.
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Prohibited under the law NSE has advised investors not to take membership of any scheme or product offered by any individual or entity that promises guaranteed returns in the stock market. It is prohibited under the law.
The exchange has also provided the facility of ‘Know/Find Your Stock Broker’ on its website to verify details of registered members and authorized persons. Investors need to visit the official website for that.
Market closed in red on Friday On Friday, the stock market saw a break in the six-day rally. Sensex-Nifty closed with a drop of more than 1%. IT shares witnessed significant selling. Due to the decline, investors lost around 1.61 lakh crore rupees in the stock market today. The total market capitalization of BSE-listed companies reached 3,02.43 lakh crore rupees on July 21, which was 3,04.04 lakh crore rupees on the previous trading day, July 20. In this way, investors’ wealth has declined by about 1.61 lakh crore rupees.