The Story of the Indian Stock Exchange

Stock market trading is where traders buy and sell shares. Stock trading is the most important component of the stock market. Here the shares are sold systematically in accordance with certain terms and conditions.


Stock market trading is where traders buy and sell shares. Stock trading is the most important component of the stock market. Here the shares are sold systematically in accordance with certain terms and conditions.


 Major Stock Exchanges in India


 1. National Stock Exchange (NSE)


  • The National Stock Exchange (NSE) was launched in 1992. It was approved by the Securities and Exchange Board of India under the Securities and Exchange Act (Regulation) Act, 1956. 
  • The stock market has been operating since 1994. Vikram Limaye is the director and CEO of the company.
  • It is the first stock exchange in India to offer fully computerized e-commerce. And it's pioneering technology ensures superior performance and supports more than 3,000 VAST terminals.
  • This makes the National Stock Exchange India's largest private wide area network.

 

2. Mumbai Stock Exchange (BSE)


  • Known as the Mumbai Stock Exchange, it was opened on July 9, 1875.  This is the first stock market in Asia. In 1875, the famous businessman Bromchand Raichand founded the Neighborhood Stock and Partners Organization. Later it was renamed as Mumbai Stock Exchange.
  • The stock market is the fastest transfer market in the world operating at an average trading speed of 6 microseconds.
  • The director and CEO of the stock exchange is Ashish Kumar Chauhan. A further 5000 companies are listed on this stock exchange.

 

3. Calcutta Stock Exchange (CSE)


  • The Calcutta Stock Exchange (CSE) is located in the Lyons range of Kolkata.
  • Launched in 1908, it is the second oldest stock exchange in South Asia.  The stock market, however, was asked to exit by the Securities and Exchange Board of India, the market regulator.
  • The case is currently pending before the Kolkata High Court along with 13 other regional stock exchanges.

 

4. India International Stock Exchange


  • India International Stock Exchange is India's first international stock exchange. IFC is located at the International Financial Services Center in GIFT, Gujarat.
  • It was launched on January 9, 2017 as a subsidiary of the Mumbai Stock Exchange.
  • Its commercial operations started on January 16, 2017.  The stock market operates 22 hours a day, 6 days a week.

 

5. Regulation of Stock Markets

Securities and Exchange Board of India - SEBI
  • Board of Securities and Exchange of India. Oversees the regulation of Indian stock markets.
  • The Board was formed in 1992 (under the SEBI Act) as an independent body.
  • It has the power to inspect the stock markets. The Board reviews market operations and organizational structure with management control features.

 Role of the Securities and Exchange Board of India - SEBI


  1. Ensures a fair and equitable market that facilitates the growth of investors.
  2. The compliance of this transaction body and its procedures are in accordance with the rules framed under the Securities Agreements (Regulation) Act, 1956.
  3. Ensures that the stock exchanges operate in accordance with the guidelines and guidelines issued by the Securities and Exchange Board of India.

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