National Stock Exchange of India An Overview

From Indian Stock Market Wikia

The National Stock Exchange of India Limited (NSE) is a Mumbai-based stock Exchange. When we look in terms of volume of transaction, NSE is the largest stock exchange in India and the third largest in the world. It is mutually owned by a set of leading financial institutions like the banks, insurance companies and other intermediaries in India, but its ownership and management operate as separate entities. In terms of market capitalization it is the second largest market in South-Asia.

In November 1992 it was as a tax paying company. In April 1993, it was recognized as a stock exchange under the Securities Contracts (Regulation) Act, 1956. NSE includes many other functions which make it the best stock exchange in India. It started the first clearing corporation “National Securities Clearing Corporation Ltd” in India and the first depository in India called the “National Securities Depository Limited”. It also set up S&P CNX Nifty. Internet trading was commenced from February 2000 which led to NSE in the broker community. NSE was permitted to start trading equity derivatives three days after Bombay Stock Exchange started it to function. It is the first exchange to trade and exchange traded funds (ETFs) in India. NSE conducts an online examination and awards certification, under the programmes of NSE’s Certification in Financial Markets (NCFM). These certificates are now available in 9 modules, covering different sectors of financial and capital markets.