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Leading Stock Exchanges

Leading Stock Exchanges

Leading Stock Exchanges in India: The two leading stock exchanges in India are Bombay Stock Exchange (BSE) and National Stock Exchange (NSE). A brief about them is as under:

(a) Bombay Stock Exchange Limited: It is the oldest stock exchange in Asia and was established as “The Native Share & Stock Brokers Association” in 1875. It is the first stock exchange in the country to obtain permanent recognition in 1956 from the  government of India under the Securities Contracts (Regulation) Act, 1956.

Leading Stock Exchanges

 The Exchange’s pivotal and pre-eminent role in the development of the Indian capital market is widely recognized and its index, SENSEX, is tracked worldwide.

Earlier an Association of Persons (AOP), the Exchange is now a demutualised and corporatized entity incorporated under the provisions of the Companies Act, 1956, pursuant to the BSE (Corporatisation and Demutualisation) Scheme, 2005 notified by the Securities and Exchange Board of India (SEBI).

The Exchange has a nation-wide. The systems and processes of the Exchange are designed to safeguard market integrity and enhance transparency in operations.

(b) National Stock Exchange: Report of the High Powered Study Group on Establishment of New Stock Exchanges, recommended promotion of a National Stock Exchange by financial institutions (FIs) to provide access to investors from all across the country on an equal footing.

It was incorporated in November 1992 as a tax-paying company unlike other stock exchanges in the country.

Leading Stock Exchanges

On its recognition as a stock exchange under the Securities Contracts (Regulation) Act, 1956 in April 1993, NSE 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 Derivatives segment commenced in June 2000.

It uses satellite communication technology to energise participation from around 320 cities spread all over the country. NSE can handle up to 6 million trades per day in Capital Market segment.

NSE is one of the largest interactive VSAT based stock exchanges in the world. It supports more than 3000 VSATs.

Leading Stock Exchanges

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