In Indian stock markets there are 2 stock exchanges, BSE ( Bombay stock exchange ) and NSE ( Countrywide Stock exchange ) .Bombay stock exchange ( BSE ) is often known as the biggest market in the East. In Indian market, earlier the traders used to assemble under banyan trees in front of Mumbai's city hall to trade in BSE. This location changes frequently as the amount of the broker increases. It finally moved to Dalal Street in 1874.
In 1956, the BSE became the 1st stock market to be recognised by the Indian Presidency under the Stocks Contracts Regulation Act. The BSE Sensex was developed in 1986. And in 2002, the name "the market, Mumbai" was modified to BSE. BSE has the biggest number of corporations listed in it.
With the approaching up of capital market reforms in India and with the launch of SEBI, the 2nd Indian stock exchange called the NSE was integrated in 1992. After the couple of years of its operations NSE became the biggest stock exchange in India. The majority of the trading in Indian stock exchange happens in its BSE & NSE Both these exchanges follow the same trading mechanism, trading hours and settlement process.BSE had about 4,700 listed firms, while NSE had about 1,200. The BSE Sensex ( BSE thirty ) is a commonly used market index in India. There are other share trading in India but BSE & NSE accounts for the majority of the trading.
The NSE has genesis in the report of the High Powered Study Group on Multinational of New Stock Exchanges. It advised promotion of a NSE by money establishments ( FIs ) to provide access to financiers from all across the land on an equal footing. Trading at both the exchanges of Indian market happens thru an open electronic limit order book in which order matching is done by the trading PC. Both NSE & BSE follows the same T+2 settlement cycle, this suggests any trade that occurred today will be settled day after tomorrow. The 2 outstanding Indian stock exchange indexes are Sensex and Smart , Sensex includes shares of thirty corporations listed on BSE and clever includes fifty shares of corporations mentioned on NSE.
In Aug 2008 NSE introduces Currency derivatives in Indian stock exchange with Currency Futures in Dollars INR. Rate Futures were also introduced for the 1st time in Indian stock exchange by NSE on 31st Aug 2009, precisely after 12 months of the launch of Currency Futures. The final responsibility of development, regulation and supervision of the Indian stock exchanges rests with SEBI ( SEC board of India ). The SEBI was established on April12 1992, as per the provisions of SEC board of India act, 1992. SEBI protects the interest of the backers in stocks helping underway and regulation of Indian stock exchanges. As specified in the mavens the forthcoming markets like India are fast becoming engines for future expansion.
In 1956, the BSE became the 1st stock market to be recognised by the Indian Presidency under the Stocks Contracts Regulation Act. The BSE Sensex was developed in 1986. And in 2002, the name "the market, Mumbai" was modified to BSE. BSE has the biggest number of corporations listed in it.
With the approaching up of capital market reforms in India and with the launch of SEBI, the 2nd Indian stock exchange called the NSE was integrated in 1992. After the couple of years of its operations NSE became the biggest stock exchange in India. The majority of the trading in Indian stock exchange happens in its BSE & NSE Both these exchanges follow the same trading mechanism, trading hours and settlement process.BSE had about 4,700 listed firms, while NSE had about 1,200. The BSE Sensex ( BSE thirty ) is a commonly used market index in India. There are other share trading in India but BSE & NSE accounts for the majority of the trading.
The NSE has genesis in the report of the High Powered Study Group on Multinational of New Stock Exchanges. It advised promotion of a NSE by money establishments ( FIs ) to provide access to financiers from all across the land on an equal footing. Trading at both the exchanges of Indian market happens thru an open electronic limit order book in which order matching is done by the trading PC. Both NSE & BSE follows the same T+2 settlement cycle, this suggests any trade that occurred today will be settled day after tomorrow. The 2 outstanding Indian stock exchange indexes are Sensex and Smart , Sensex includes shares of thirty corporations listed on BSE and clever includes fifty shares of corporations mentioned on NSE.
In Aug 2008 NSE introduces Currency derivatives in Indian stock exchange with Currency Futures in Dollars INR. Rate Futures were also introduced for the 1st time in Indian stock exchange by NSE on 31st Aug 2009, precisely after 12 months of the launch of Currency Futures. The final responsibility of development, regulation and supervision of the Indian stock exchanges rests with SEBI ( SEC board of India ). The SEBI was established on April12 1992, as per the provisions of SEC board of India act, 1992. SEBI protects the interest of the backers in stocks helping underway and regulation of Indian stock exchanges. As specified in the mavens the forthcoming markets like India are fast becoming engines for future expansion.
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