Stock Exchanges in India
Stock Exchange refers to formal organizations
that allow companies to list their shares and also allow them to offer those shares for sale to the public.
In India most of
the investors have heard of two major stock exchanges BSE and NSE. But
practically the list is different. Let’s have a look
- The Bombay Stock Exchange BSE was the first stock exchange in ASIA which
established in 1875 and located at Dalal Street, Mumbai. It is the fastest and 10th largest stock exchange
in the world. The estimated market capitalization of Bombay Stock
Exchange as of April 2018 stands at $4.9
trillion and has around 6000
companies publicly listed under it. The
performance of BSE is measured by the Sensex
which is the index of 30 companies. The other important
indices of BSE are BSE 100, BSE 200, BSE 500, BSE MIDCAP, BSE SMLCAP, BSE PSU,
BSE Auto, BSE Pharma, BSE FMCG, BSE Metal, etc.
- The National Stock Exchange NSE, was established in 1992. It is the first demutualized
electronic exchange of India. The
estimated market capitalization of National Stock Exchange as of April 2018 was
US$ 2.27 trillion and considered as
the 12th largest stock exchange in
the world. It
allows investors to hold and trade (positional trade) in few stocks or bonds.
NIFTY 50 is the benchmark index of NSE comprising 50 companies, and it is highly used by investors across the globe to measure the performance of the Indian capital market. It is the benchmark index of NSE. NIFTY 50 is the benchmark index of NSE comprising 50 companies, and it is highly used by investors across the globe to measure the performance of the Indian capital market. It is the benchmark index of NSE.
- The Calcutta
Stock Exchange CSE is a regional stock exchange (RSE) located at the
Lyons Range, Kolkata and incorporated in 1908. It is the second oldest stock
exchange in South East Asia. CSE is the second-largest Stock Exchange in
India.
- Metropolitan Stock Exchange MSE was
recognized as a “notified stock exchange” in the year 2012 by SEBI. SX40 is the
benchmark index of MSE which consists of 40 large-caps, liquid stocks
representing diverse sectors of the economy. MSE offers a hi-tech platform to trade in
the capital market, futures & options, currency derivatives, and debt
market segments of the Indian market. Shareholders of MSE
include Indian public sector banks, private sector banks, investors and
domestic financial institutions which are subjected to CAG Audit.
- India International Exchange India India INX was opened in January 2017 and is located at the
International Financial Services Centre (IFSC), GIFT City in Gujarat. India INX is India’s first international stock exchange. It
is a wholly-owned subsidiary of the Bombay Stock Exchange (BSE). The
exchange uses an advanced technology platform and is the fastest in the world
with a turn-around time of 4 microseconds which operates 22 hours a day and six
days a week. There are two sessions: 4.30 a.m. to 5.00 p.m. and 5.01 p.m. to
2.30 a.m.
- NSE IFSC Limited was
incorporated by the Registrar of Companies on November 26th, 2016 and based at
Gujarat. It is a fully owned subsidiary company of the National Stock Exchange
(NSE). It has received approval from the Securities and Exchange Board of India
(SEBI) to establish an international exchange in Gujarat International Finance
Tech City (GIFT) and International Financial Service Centre (IFSC), Gandhinagar. NSE
International Exchange has been launched with a purpose to grow and increase
the access to financial markets as well as expected to bring capital into
India.
