21 September 2016 Current Affairs: The Bombay Stock Exchange has tied up with Twitter, which will give its investors live status, opening and closing figures of the market and stock prices.
This makes it the first collaboration in Asia between a stock exchange and a social networking site. BSE has been running a Twitter handle since 2012 but gives no real time updates and hence has comparatively less impact.
BSE and Twitter admitted that this collaboration would democratise the financial information by enabling the millions of Indian investors to access the stock updates.
To help investors follow the market thoroughly, Twitter has activated four new features. They are, hourly tweets, autoresponder tweets for Sensex 30 stock prices, auto direct messages for opening and closing figures of Sensex30, and a live display photo that will change every two minutes to project the Sensex figure.
BSE will, through its Twitter handle @ BSE India, send hourly tweets of the Sensex figures, level, and company stock prices.