A stock exchange is a place where securities and bonds issued by public and municipal authorities as well as governmental entities can be bought and sold. The buying and selling of such products are subject to predetermined norms and regulations.
Types of Stock Exchange in India:-
In India, there are two types of stock exchanges
Nationally operating stock exchange
Stock exchange operated on regional level
List of Stock Exchanges in India:-
National Stock Exchange (NSE):-
- The NSE or National Stock Exchange is the leading and the biggest stock exchange in India and among the largest ones globally In India, the NSE is the primary trading venue for the derivatives market.
- It was the first stock exchange in India to offer screen-based trading, which increased the market's operations' much-needed transparency.
- The exchange launched its benchmark index called Nifty, which is composed of 50 companies.
- The investments in the Nifty are market leaders in their respective industries.
Bombay Stock Exchange (BSE):-
- The BSE or the Bombay Stock Exchange is Asia’s first and the Fastest Stock Exchange in the world.
- The BSE became the first Indian stock exchange to be listed in 2017. Since an exchange is not permitted to trade its own shares, the company's stock is listed on the NSE.
- Cash equities, foreign exchange, debt instruments, derivatives, and mutual funds are among the instruments traded on the exchange.
- Its SME sector platform. With over 250 firms traded there, BSE SME is the biggest exchange in India.
Calcutta Stock Exchange (CSE):-
- CSE has a very interesting story to tell. Back about 1830, a group of traders assembled and started conducting business under a neem tree. Later in 1908, CSE was established under the name Calcutta Stock Exchange Association, with its headquarters in Kolkata's China Bazar Street.
- The structure was rebuilt in 1928, and it was moved to Kolkata's Lyons Range.
- It is South Asia's second-oldest Stock Exchange.
- In 1997, CSE began utilizing an electronic trading system.
- BSE also owns a 5% interest in CSE.
- Similar to the Sensex and Nifty 50, it also has an index called CSE-40. But since April 2013, CSE has stopped updating its index and no longer conducts trade.
- Similar to other smaller stock exchanges, SEBI has requested the closure of CSE; however, the case is currently pending in court. Despite being inactive, it is nevertheless regarded as an active stock exchange.
India International Exchange (INDIA INX):-
- India International Exchange is India’s leading International Exchange.
- Unlike other regular stock exchanges where individual equities are traded, this one deals in derivatives and debt.
- It is both the fastest Exchange in the world and one of the most technologically advanced platforms.
- In order to accommodate NRIs and international investors who work in different time zones, INDIA INX is open six days a week and operates 22 hours a day.
Multi Commodity Exchange of India (MCX):-
- It was the first listed commodity exchange created by the regulatory organisation FMC, although it later merged with SEBI.
- It was established in 2003, and on November 10th, 2003, it officially opened for business in Mumbai.
- It is India's largest exchange for commodity derivatives.
National Commodity and Derivatives Exchange (NCDEX):-
- It is a professional-managed online commodity trading exchange.
- It was established on April 23, 2003, and although it has its headquarters in Mumbai, it serves its members from a number of centers located around the country.
- Large public sector banks, national institutions, and businesses own the majority of NCDEX's shares.
Indian Commodity Exchange Limited (ICEX)
- It is not a stock exchange, but a commodity derivative exchange which is regulated by SEBI.
- Its headquarters are in Mumbai, and as of August 2017 it is registered with SEBI.
- It enables the registered brokers to conduct business nationally in a selection of financial products.
Metropolitan Stock Exchange of India Limited (MSE)
- It was founded in November 2008 and began doing business in 2009.
- It is one of three stock exchanges in India where you may trade individual stocks (the other two are NSE and BSE).
- Here, you can trade in financial products like equity derivatives and debt, SME platform, and currency.
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