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Topic : NIFTY TA
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NSE Nifty On Twitter: how it can really benifit?

Created by : Esha Johar, Risk Analyst, Irevna  | 11 25 2009 07:58:42 +0000
Industry : Equity Research/AnalyticsFunctional Area : India(Markets)
Keywords : markets social networking twitter nse nifty
Activity:  210 views;  last activity : 07 06 2010 20:18:09 +0000

These days, almost every second person is on twitter. No matter if you are a celebrity or a politician. But the current news is, now NSE Nifty i.e. the National Stock Exchange of India has gone ahead and started an official account on twitter. The id is @NSE_Nifty and as of the now automated tweets on the changes that happen to the National stock exchange are being tweeted.

nse-nifty-twitter

According to businessline report, this account is just a week old and has already got over 1000 followers. Main reason is, stock markets and stock prices have often been the talking point on twitter. The other advantage of twitter is the sms updates which came into being post its tie up with airtel in India. Internationally twitter has been the platform that many indices have adopted right from London’s FTSE, Japan’s Nikkei, and America’s Nasdaq.

So friends, according to you, how it can really benifit consumers?

  
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This is a good initiative by NSE to go more web savvy and even though Indian numbers are few currently on twitter when compared to facebook or orkut its still a platform which attracts more serious profiles that the other two. Also its status update only feature makes it ideal for news streaming and stock updates which is the attraction factor for those who want to follow such content. Who knows the 100 year old BSE Sensex could be next to adopt this new medium of keeping brokers and retail investors informed. These all things are clear signs of markets getting social networking these days.
By Esha Johar, Risk Analyst, Irevna  11 25 2009 07:58:42 +0000
 
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I don't think it is so easy because in social networking sites there are so much of clutter and informations! Still there is lot to be done in social networking sites then only we can expect something.
By Kausik Panda, Sr. Associate, ICICI Securities  | 11 25 2009 08:18:55 +0000
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