National Stock Exchange of India
The National Stock Exchange (NSE India) is the world’s third largest stock exchange
in terms of transaction volumes. NSE India is based out of Mumbai. NSE is the largest
stock exchange in India in terms of daily turnover and number of trades, for both
equities and derivative trading.
National Stock Exchange (NSE India) was promoted by leading financial institutions,
banks, insurance companies and other financial intermediaries in India but its ownership
and management operate as separate entities eliminating any conflict of interest.
National Stock Exchange (NSE India) was incorporated in November 1992 as a tax-paying
company unlike other stock exchanges in the India.
NSE India Market Operations
NSE India commenced operations in the Wholesale Debt Market (WDM) segment in June
1994. The Capital Market (Equities) segment commenced operations in November 1994
and operations in FNO segment commenced in June 2000.
NSE India pioneered commencement of Internet Trading in February 2000, which led
to the wide popularization of the National Stock Exchange (NSE India) in the broker
The year 2008 saw introduction of Stock and Currency derivatives by the NSE India.
NSE India Advantage
Today, the National Stock Exchange, in short, NSE India, is the heart of the Indian
capital market, which beats in sync with the changing market trends. There are 2799
plus NSE VSAT terminals covering cover more than 1500 cities across the country,
giving investors an added advantage. S&P CNX Nifty is the key index of NSE India;
the performance of fifty major Indian stocks is displayed here.
These stocks are weighted by market capitalization.
Pioneering Efforts of National Stock Exchange
NSE India has to its credit numerous pioneering efforts directed towards modernizing
India’s financial and capital markets. The ‘NSE model’ of market structure originated
from the electronic limit order book (LOB) feature for trading of securities first
implemented by the National Stock Exchange India. Online trading in India commenced
in February 2000 under the efforts of this bourse. NSE India also happens to be
the first and only exchange in the country for trading of GOLD ETFs (exchange traded
funds). The other few firsts associated with the National Stock Exchange are launch
of NSE-CNBC-TV18 media centre in association with CNBC-TV18, setting up the first
clearing corporation ‘National Securities Clearing Corporation Ltd.’ in India, co-promoting
and setting up of the first depository in India (National Securities Depository
Limited), and more. Today, the NSE India is counted amongst the topmost bourses
in the world.
NSE India Market Segments
Interest Rate Futures was introduced for the first time in India by National Stock
Exchange (NSE India) on 31st August 2009, exactly after one year of the launch of
Currency Futures. Common segments dealt in include:
- Futures and Options
- Retail Debt Market
- Wholesale Debt Market
- Currency futures