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National Stock Exchange of India

Posted in August 18th, 2008 By

National Stock Exchange Limited

Type
Stock Exchange

Location
Mumbai, India

Coordinates
19°3′37″N, 72°51′35″E

Owner
National Stock Exchange of India Limited

Key people
Mr. Ravi Narain Managing Director

Currency
INR

No. of listings
1587

MarketCap
US$ 1.46 trillion (2006)

Indexes
S&P CNX Nifty
CNX Nifty Junior
S&P CNX 500

Website
www.nse-india.com

The National Stock Exchange of India Limited (NSE), is a Mumbai-based stock exchange. It is the largest stock exchange in India in terms of daily turnover and number of trades, for both equities and derivative trading.. Though a number of other exchanges exist, NSE and the Bombay Stock Exchange are the two most significant stock exchanges in India, and between them are responsible for the vast majority of share transactions. The NSE’s key index is the S&P CNX Nifty, known as the Nifty, an index of fifty major stocks weighted by market capitalisation.

NSE is mutually-owned by a set of leading financial institutions, banks, insurance companies and other financial intermediaries in India but its ownership and management operate as separate entities

Contents

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Origins


NSE building at BKC

The National Stock Exchange of India was promoted by leading Financial institutions at the behest of the Government of India, and was incorporated in November 1992 as a tax-paying company. In April 1993, it was recognized as a stock exchange under the Securities Contracts (Regulation) Act, 1956. NSE commenced operations in the Wholesale Debt Market (WDM) segment in June 1994. The Capital Market (Equities) segment of the NSE commenced operations in November 1994, while operations in the Derivatives segment commenced in June 2000. [[Image:National Stock exchange Kolkata.

Innovations

NSE has remained in the forefront of modernization of India’s capital and financial markets, and its pioneering efforts include:

  • Being the first national, anonymous, electronic limit order book (LOB) exchange to trade securities in India. Since the success of the NSE, existent market and new market structures have followed the “NSE” model.
  • Setting up the first clearing corporation “National Securities Clearing Corporation Ltd.” in India. NSCCL was a landmark in providing innovation on all spot equity market (and later, derivatives market) trades in India.
  • Co-promoting and setting up of National Securities Depository Limited, first depository in India.
  • Setting up of S&P CNX Nifty.
  • NSE pioneered commencement of Internet Trading in February 2000, which led to the wide popularization of the NSE in the broker community.
  • Being the first exchange that, in 1996, proposed exchange traded derivatives, particularly on an equity index, in India. After four years of policy and regulatory debate and formulation, the NSE was permitted to start trading equity derivatives
  • Being the first and the only exchange to trade GOLD ETFs (exchange traded funds) in India.
  • NSE has also launched the NSE-CNBC-TV18 media centre in association with CNBC-TV18, a

Markets

Currently, NSE has the following major segments of the capital market:

  • Equity
  • Futures and Options
  • Retail Debt Market
  • Wholesale Debt Market

Indices

NSE also set up as index services firm known as India Index Services & Products Limited (IISL) and has launched several stock indices, including:

  • S&P CNX Nifty
  • CNX Nifty Junior
  • CNX 100 (= S&P CNX Nifty + CNX Nifty Junior)
  • S&P CNX 500 (= CNX 100 + 400 major players across 72 industries)
  • CNX Midcap (introduced on 18 July 2005 replacing CNX Midcap 200)

Source – http://www.nse-india.com/content/indices/ind_majorindices.htm

Certifications

NSE also conducts online examination and awards certification, under its programmes of NSE’s Certification in Financial Markets (NCFM). Currently, certifications are available in 19 modules, covering different sectors of financial and capital markets. Branches of the NSE are located throughout India.

See also: Bombay Stock Exchange

See also

  • List of South Asian stock exchanges
  • Mahurat trading

References

  1. ^ National Stock Exchange
  2. ^ Personal website of R.Kannan
  3. ^ NSE – About Us – Facts & Figures
  4. ^ “World Federation of Exchanges (2007)”
  5. ^ Now, NSE 2nd fastest growing stock exchange

External links

  • Official site

Wikimedia Commons has media related to:
National Stock Exchange of India

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Retrieved from “http://en.wikipedia.org/wiki/National_Stock_Exchange_of_India”
Categories: Economy of India | Stock exchanges of India | Economy of Mumbai


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