it was formed officially by the government of india in 1992 with sebi act 1992

8/3/2019 It Was Formed Officially by the Government of India in 1992 With SEBI Act 1992

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It was formed officially by theGovernment of Indiain 1992 withSEBI Act 1992[2]being passedby the Indian Parliament. SEBI is headquartered in the business district ofBandra-KurlacomplexinMumbai, and has Northern, Eastern, Southern and Western regional offices inNewDelhi,Kolkata,ChennaiandAhmedabad.

Controller of Capital Issues was the regulatory authority before SEBI came into existence;

[3]

itderived authority from the Capital Issues (Control) Act, 1947.

Initially SEBI was a non statutory body without any statutory power. However in 1995, the SEBIwas given additional statutory power by the Government of India through an amendment to thesecurities and Exchange Board of India Act 1992. In April, 1998 the SEBI was constituted as theregulator of capital market in India under a resolution of the Government of India.

[edit] Organization structure

Upendra Kumar Sinhawas appointed chairman on 18 February 2011 replacingC. B. Bhave.[4]

The Board comprises[5]

Name Designation

Upendra Kumar Sinha Chairman

M. S. Sahoo Whole-Time Member

Dr K.M. Abraham Whole Time Member

Prashant Saran Whole Time Member

CA. T. V. Mohandas Pai Director,Infosys

Dr. Thomas Mathew Joint Secretary,Ministry of FinanceV. K. Jairath Member Appointed

Anand Sinha Deputy Governor,Reserve Bank of India

List of former Chairmen[6]:

Name From To

C. B. Bhave 18 February 2008 18 February 2011

M. Damodaran 18 February 2005 18 February 2008

G. N. Bajpai 20 February 2002 18 February 2005

D. R. Mehta 21 February 1995 20 February 2002S. S. Nadkarni 17 January 1994 31 January 1995

G. V. Ramakrishna 24 August 1990 17 January 1994

Dr. S. A. Dave 12 April 1988 23 August 1990

[edit] Functions and responsibilities
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SEBI has to be responsive to the needs of three groups, which constitute the market:

the issuers of securities the investors the market intermediaries.

SEBI has three functions rolled into one body:quasi-legislative, quasi-judicial and quasi-executive. It drafts regulations in its legislative capacity, it conducts investigation andenforcement action in its executive function and it passes rulings and orders in its judicialcapacity. Though this makes it very powerful, there is an appeals process to createaccountability. There is a Securities Appellate Tribunal which is a three-member tribunal and ispresently headed by a former Chief Justice of a High court - Mr. Justice NK Sodhi. A secondappeal lies directly to theSupreme Court.

SEBI has enjoyed success as a regulator by pushing systemic reforms aggressively andsuccessively (e.g. the quick movement towards making the markets electronic and paperless

rolling settlement on T+2 basis). SEBI has been active in setting up the regulations as requiredunder law.

SEBI has also been instrumental in taking quick and effective steps in light of the globalmeltdown and the Satyam fiasco.[citation needed] It had[when?] increased the extent and quantity ofdisclosures to be made by Indian corporate promoters. More recently, in light of the globalmeltdown,it liberalised the takeover code to facilitate investments by removing regulatorystructures. In one such move, SEBI has increased the application limit for retail investors to Rs 2lakh, from Rs 1 lakh at present.[7]

[edit] Powers

For the discharge of its functions efficiently, SEBI has been invested with the necessary powerswhich are:

1. to approve bylaws of stock exchanges.2. to require the stock exchange to amend their bylaws.3. inspect the books of accounts and call for periodical returns from recognised stock

exchanges.4. inspect the books of accounts of a financial intermediaries.5. compel certain companies to list their shares in one or more stock exchanges.6. levy fees and other charges on the intermediaries for performing its functions.7.

grant licence to any person for the purpose of dealing in certain areas.8. delegate powers exercisable by it.

9. prosecute and judge directly the violation of certain provisions of the companies Act.[edit] SEBI Committees

1. Technical Advisory Committee2. Committee for review of structure of market infrastructure institutions
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3. Members of the Advisory Committee for the SEBI Investor Protection and EducationFund

4. Takeover Regulations Advisory Committee5. Primary Market Advisory Committee (PMAC)6. Secondary Market Advisory Committee (SMAC)7.

Mutual Fund Advisory Committee8. Corporate Bonds & Securitization Advisory Committee

9. Takeover Panel10.SEBI Committee on Disclosures and Accounting Standards (SCODA)11.High Powered Advisory Committee on consent orders and compounding of offences12.Derivatives Market Review Committee13.Committee on Infrastructure FundsSecurities and Exchange Board of India

SEBI Bhavan, Mumbai headquarters

Agency overview

Formed 12 April 1992

Jurisdiction Government of India

Headquarters Mumbai,Maharashtra

Employees 525 (2009)[1]

Agency executive Upendr Kumar Sinha, Chairman

Website
http://en.wikipedia.org/wiki/Government_of_Indiahttp://en.wikipedia.org/wiki/Government_of_Indiahttp://en.wikipedia.org/wiki/Mumbaihttp://en.wikipedia.org/wiki/Mumbaihttp://en.wikipedia.org/wiki/Maharashtrahttp://en.wikipedia.org/wiki/Maharashtrahttp://en.wikipedia.org/wiki/Maharashtrahttp://en.wikipedia.org/wiki/Securities_and_Exchange_Board_of_India#cite_note-sebi.gov.in-0http://en.wikipedia.org/wiki/Securities_and_Exchange_Board_of_India#cite_note-sebi.gov.in-0http://en.wikipedia.org/wiki/Securities_and_Exchange_Board_of_India#cite_note-sebi.gov.in-0http://en.wikipedia.org/w/index.php?title=Upendr_Kumar_Sinha&action=edit&redlink=1http://en.wikipedia.org/w/index.php?title=Upendr_Kumar_Sinha&action=edit&redlink=1http://en.wikipedia.org/wiki/File:SEBI_Bhavan.jpghttp://en.wikipedia.org/wiki/File:SEBI_logo.svghttp://en.wikipedia.org/wiki/File:SEBI_Bhavan.jpghttp://en.wikipedia.org/wiki/File:SEBI_logo.svghttp://en.wikipedia.org/w/index.php?title=Upendr_Kumar_Sinha&action=edit&redlink=1http://en.wikipedia.org/wiki/Securities_and_Exchange_Board_of_India#cite_note-sebi.gov.in-0http://en.wikipedia.org/wiki/Maharashtrahttp://en.wikipedia.org/wiki/Mumbaihttp://en.wikipedia.org/wiki/Government_of_India


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sebi.gov.in

The Securities and Exchange Board of India (frequently abbreviated SEBI) is theregulatorforthesecuritiesmarket in India.

Contents

[hide]

1 History 2 Organization structure 3 Functions and responsibilities

o 3.1 Powerso 3.2 SEBI Committees

4 See also 5 References 6 External links

[edit] History

It was formed officially by theGovernment of Indiain 1992 withSEBI Act 1992[2]being passedby the Indian Parliament. SEBI is headquartered in the business district ofBandra-KurlacomplexinMumbai, and has Northern, Eastern, Southern and Western regional offices inNewDelhi,Kolkata,ChennaiandAhmedabad.

Controller of Capital Issues was the regulatory authority before SEBI came into existence;[3]itderived authority from the Capital Issues (Control) Act, 1947.

Initially SEBI was a non statutory body without any statutory power. However in 1995, the SEBIwas given additional statutory power by the Government of India through an amendment to thesecurities and Exchange Board of India Act 1992. In April, 1998 the SEBI was constituted as theregulator of capital market in India under a resolution of the Government of India.

[edit] Organization structure

Upendra Kumar Sinhawas appointed chairman on 18 February 2011 replacingC. B. Bhave.[4]

The Board comprises[5]

Name Designation

Upendra Kumar Sinha Chairman

M. S. Sahoo Whole-Time Member
http://www.sebi.gov.in/http://www.sebi.gov.in/http://en.wikipedia.org/wiki/Regulatory_agencyhttp://en.wikipedia.org/wiki/Regulatory_agencyhttp://en.wikipedia.org/wiki/Regulatory_agencyhttp://en.wikipedia.org/wiki/Securitieshttp://en.wikipedia.org/wiki/Securitieshttp://en.wikipedia.org/wiki/Securitieshttp://en.wikipedia.org/wiki/Securities_and_Exchange_Board_of_Indiahttp://en.wikipedia.org/wiki/Securities_and_Exchange_Board_of_Indiahttp://en.wikipedia.org/wiki/Securities_and_Exchange_Board_of_Indiahttp://en.wikipedia.org/wiki/Securities_and_Exchange_Board_of_India#Historyhttp://en.wikipedia.org/wiki/Securities_and_Exchange_Board_of_India#Historyhttp://en.wikipedia.org/wiki/Securities_and_Exchange_Board_of_India#Organization_structurehttp://en.wikipedia.org/wiki/Securities_and_Exchange_Board_of_India#Organization_structurehttp://en.wikipedia.org/wiki/Securities_and_Exchange_Board_of_India#Functions_and_responsibilitieshttp://en.wikipedia.org/wiki/Securities_and_Exchange_Board_of_India#Functions_and_responsibilitieshttp://en.wikipedia.org/wiki/Securities_and_Exchange_Board_of_India#Powershttp://en.wikipedia.org/wiki/Securities_and_Exchange_Board_of_India#Powershttp://en.wikipedia.org/wiki/Securities_and_Exchange_Board_of_India#SEBI_Committeeshttp://en.wikipedia.org/wiki/Securities_and_Exchange_Board_of_India#SEBI_Committeeshttp://en.wikipedia.org/wiki/Securities_and_Exchange_Board_of_India#See_alsohttp://en.wikipedia.org/wiki/Securities_and_Exchange_Board_of_India#See_alsohttp://en.wikipedia.org/wiki/Securities_and_Exchange_Board_of_India#Referenceshttp://en.wikipedia.org/wiki/Securities_and_Exchange_Board_of_India#Referenceshttp://en.wikipedia.org/wiki/Securities_and_Exchange_Board_of_India#External_linkshttp://en.wikipedia.org/wiki/Securities_and_Exchange_Board_of_India#External_linkshttp://en.wikipedia.org/w/index.php?title=Securities_and_Exchange_Board_of_India&action=edit&section=1http://en.wikipedia.org/w/index.php?title=Securities_and_Exchange_Board_of_India&action=edit&section=1http://en.wikipedia.org/wiki/Government_of_Indiahttp://en.wikipedia.org/wiki/Government_of_Indiahttp://en.wikipedia.org/wiki/Government_of_Indiahttp://en.wikipedia.org/wiki/SEBI_Act_1992http://en.wikipedia.org/wiki/SEBI_Act_1992http://en.wikipedia.org/wiki/SEBI_Act_1992http://en.wikipedia.org/wiki/SEBI_Act_1992http://en.wikipedia.org/wiki/Bandra-Kurla_complexhttp://en.wikipedia.org/wiki/Bandra-Kurla_complexhttp://en.wikipedia.org/wiki/Bandra-Kurla_complexhttp://en.wikipedia.org/wiki/Bandra-Kurla_complexhttp://en.wikipedia.org/wiki/Mumbaihttp://en.wikipedia.org/wiki/Mumbaihttp://en.wikipedia.org/wiki/Mumbaihttp://en.wikipedia.org/wiki/New_Delhihttp://en.wikipedia.org/wiki/New_Delhihttp://en.wikipedia.org/wiki/New_Delhihttp://en.wikipedia.org/wiki/New_Delhihttp://en.wikipedia.org/wiki/Kolkatahttp://en.wikipedia.org/wiki/Kolkatahttp://en.wikipedia.org/wiki/Kolkatahttp://en.wikipedia.org/wiki/Chennaihttp://en.wikipedia.org/wiki/Chennaihttp://en.wikipedia.org/wiki/Chennaihttp://en.wikipedia.org/wiki/Ahmedabadhttp://en.wikipedia.org/wiki/Ahmedabadhttp://en.wikipedia.org/wiki/Ahmedabadhttp://en.wikipedia.org/wiki/Securities_and_Exchange_Board_of_India#cite_note-2http://en.wikipedia.org/wiki/Securities_and_Exchange_Board_of_India#cite_note-2http://en.wikipedia.org/wiki/Securities_and_Exchange_Board_of_India#cite_note-2http://en.wikipedia.org/w/index.php?title=Securities_and_Exchange_Board_of_India&action=edit&section=2http://en.wikipedia.org/w/index.php?title=Securities_and_Exchange_Board_of_India&action=edit&section=2http://en.wikipedia.org/wiki/Upendra_Kumar_Sinhahttp://en.wikipedia.org/wiki/Upendra_Kumar_Sinhahttp://en.wikipedia.org/wiki/C._B._Bhavehttp://en.wikipedia.org/wiki/C._B._Bhavehttp://en.wikipedia.org/wiki/Securities_and_Exchange_Board_of_India#cite_note-C_B_Bhave.27s_term_ended_on_Feb_2011-3http://en.wikipedia.org/wiki/Securities_and_Exchange_Board_of_India#cite_note-C_B_Bhave.27s_term_ended_on_Feb_2011-3http://en.wikipedia.org/wiki/Securities_and_Exchange_Board_of_India#cite_note-C_B_Bhave.27s_term_ended_on_Feb_2011-3http://en.wikipedia.org/wiki/Securities_and_Exchange_Board_of_India#cite_note-4http://en.wikipedia.org/wiki/Securities_and_Exchange_Board_of_India#cite_note-4http://en.wikipedia.org/wiki/Securities_and_Exchange_Board_of_India#cite_note-4http://en.wikipedia.org/wiki/Upendra_Kumar_Sinhahttp://en.wikipedia.org/wiki/Upendra_Kumar_Sinhahttp://en.wikipedia.org/wiki/Upendra_Kumar_Sinhahttp://en.wikipedia.org/wiki/Securities_and_Exchange_Board_of_India#cite_note-4http://en.wikipedia.org/wiki/Securities_and_Exchange_Board_of_India#cite_note-C_B_Bhave.27s_term_ended_on_Feb_2011-3http://en.wikipedia.org/wiki/C._B._Bhavehttp://en.wikipedia.org/wiki/Upendra_Kumar_Sinhahttp://en.wikipedia.org/w/index.php?title=Securities_and_Exchange_Board_of_India&action=edit&section=2http://en.wikipedia.org/wiki/Securities_and_Exchange_Board_of_India#cite_note-2http://en.wikipedia.org/wiki/Ahmedabadhttp://en.wikipedia.org/wiki/Chennaihttp://en.wikipedia.org/wiki/Kolkatahttp://en.wikipedia.org/wiki/New_Delhihttp://en.wikipedia.org/wiki/New_Delhihttp://en.wikipedia.org/wiki/Mumbaihttp://en.wikipedia.org/wiki/Bandra-Kurla_complexhttp://en.wikipedia.org/wiki/Bandra-Kurla_complexhttp://en.wikipedia.org/wiki/SEBI_Act_1992http://en.wikipedia.org/wiki/SEBI_Act_1992http://en.wikipedia.org/wiki/Government_of_Indiahttp://en.wikipedia.org/w/index.php?title=Securities_and_Exchange_Board_of_India&action=edit&section=1http://en.wikipedia.org/wiki/Securities_and_Exchange_Board_of_India#External_linkshttp://en.wikipedia.org/wiki/Securities_and_Exchange_Board_of_India#Referenceshttp://en.wikipedia.org/wiki/Securities_and_Exchange_Board_of_India#See_alsohttp://en.wikipedia.org/wiki/Securities_and_Exchange_Board_of_India#SEBI_Committeeshttp://en.wikipedia.org/wiki/Securities_and_Exchange_Board_of_India#Powershttp://en.wikipedia.org/wiki/Securities_and_Exchange_Board_of_India#Functions_and_responsibilitieshttp://en.wikipedia.org/wiki/Securities_and_Exchange_Board_of_India#Organization_structurehttp://en.wikipedia.org/wiki/Securities_and_Exchange_Board_of_India#Historyhttp://en.wikipedia.org/wiki/Securities_and_Exchange_Board_of_Indiahttp://en.wikipedia.org/wiki/Securitieshttp://en.wikipedia.org/wiki/Regulatory_agencyhttp://www.sebi.gov.in/


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The Bombay Stock Exchange (BSE) (Marathi:Bombay hare Bzar)(formerly, The Stock Exchange, Bombay) is astock exchangelocated onDalal Street,Mumbaiand is the oldest stock exchange inAsia. The equitymarket capitalizationof the companies listedon the BSE was US$1.63trillionas of December 2010, making it the 4th largest stock exchangein Asia and the8th largest in the world.[1]The BSE has the largest number of listed companies in

the world.[2]

As of June 2011, there are over 5,085 listed Indian companies and over 8,196scripson the stockexchange,[3]the Bombay Stock Exchange has a significant trading volume. TheBSE SENSEX,also called "BSE 30", is a widely used market index in India andAsia. Though many otherexchanges exist, BSE and theNational Stock Exchange of Indiaaccount for the majority of theequity tradingin India. While both have similar total market capitalization (about USD 1.6trillion), share volume in NSE is typically two times that of BSE.

Contents

[hide]

1 Hours of operation 2 History 3 Timeline 4 Indices 5 Awards 6 See also 7 References 8 External links

[edit] Hours of operation

Session Timing

Beginning of the Day Session 8:00 - 9:00

pre-open trading session 9:00 - 9:15

Trading Session 9:15 - 15:30

Position Transfer Session 15:30 - 15:50

Closing Session 15:50 - 16:05Option Exercise Session 16:05 - 16:35

Margin Session 16:35 - 16:50

Query Session 16:50 - 17:35

End of Day Session 17:30
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The hours of operation for the BSE quoted above are stated in terms the local time (i.e. GMT+5:30) in Mumbai , India. BSE's normal trading sessions are on all days of the week exceptSaturdays, Sundays and holidays declared by the Exchange in advance.[4]

[edit] History

ThePhiroze Jeejeebhoy Towershouse the Bombay Stock Exchange since 1980.

The Bombay Stock Exchange is the oldest exchange in Asia. It traces its history to the 1850s,when four Gujarati and one Parsi stockbroker would gather under banyan trees in front ofMumbai's Town Hall. The location of these meetings changed many times, as the number ofbrokers constantly increased. The group eventually moved to Dalal Street in 1874 and in 1875became an official organization known as 'The Native Share & Stock Brokers Association'. In1956, the BSE became the first stock exchange to be recognized by theIndian Governmentunderthe Securities Contracts Regulation Act. The Bombay Stock Exchange developed theBSESENSEXin 1986, giving the BSE a means to measure overall performance of the exchange. In2000 the BSE used this index to open its derivatives market, trading SENSEX futures contracts.The development of SENSEX options along with equity derivatives followed in 2001 and 2002,expanding the BSE's trading platform. Historically an open outcry floor trading exchange, theBombay Stock Exchange switched to an electronic trading system in 1995. It took the exchangeonly fifty days to make this transition. This automated, screen-based trading platform called BSEOn-line trading (BOLT) currently has a capacity of 8 million orders per day. The BSE has alsointroduced the world's first centralized exchange-based internet trading system, BSEWEBx.co.into enable investors anywhere in the world to trade on the BSE platform.[5]The BSE is currentlyhoused inPhiroze Jeejeebhoy TowersatDalal Street,Fort area.

[edit] Timeline

Following is the timeline on the rise of the SENSEX through Indian stock market history.

1830's Business on corporate stocks and shares in Bank and Cotton presses started in Mumbai.

1860-1865 Cotton price bubble as a result of the American Civil War.
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1870 - 90's Sharp increase in share prices of jute industries followed by a boom in tea stocks andcoal

1978-79 Base year of SENSEX, defined to be 100.

1986 SENSEX first compiled

[6]

using a market Capitalization-Weighted methodology for 30component stocks representing well-established companies across key sectors.

30 October 2006 The SENSEX on October 30, 2006 crossed the magical figure of 13,000 andclosed at 13,024.26 points, up 117.45 points or 0.9%. It took 135 days for the SENSEX to movefrom 12,000 to 13,000 and 123 days to move from 12,500 to 13,000.

5 December 2006 The SENSEX on December 5, 2006 crossed the 14,000-mark to touch 14,028points. It took 36 days for the SENSEX to move from 13,000 to the 14,000 mark.

6 July 2007 The SENSEX on July 6, 2007 crossed the magical figure of 15,000 to touch 15,005

points in afternoon trade. It took seven months for the SENSEX to move from 14,000 to 15,000points.

19 September 2007 The SENSEX scaled yet another milestone during early morning trade onSeptember 19, 2007. Within minutes after trading began, the SENSEX crossed 16,000, rising by450 points from the previous close. The 30-share Bombay Stock Exchange's sensitive index took53 days to reach 16,000 from 15,000. Nifty also touched a new high at 4659, up 113 points.

The SENSEX finally ended with a gain of 654 points at 16,323. The NSE Nifty gained 186points to close at 4,732.

26 September 2007 The SENSEX scaled yet another height during early morning trade onSeptember 26, 2007. Within minutes after trading began, the SENSEX crossed the 17,000-mark.Someprofit takingtowards the end saw the index slip into red to 16,887 - down 187 points fromthe day's high. The SENSEX ended with a gain of 22 points at 16,921.

9 October 2007 The BSE SENSEX crossed the 18,000-mark on October 9, 2007. It took just 8days to cross 18,000 points from the 17,000 mark. The index zoomed to a new all-time intra-dayhigh of 18,327. It finally gained 789 points to close at an all-time high of 18,280. The market setseveral new records including the biggest single day gain of 789 points at close, as well as thelargest intra-day gains of 993 points in absolute term backed by frenzied buying after the news ofthe UPA and Left meeting on October 22 put an end to the worries of an impending election.

15 October 2007 The SENSEX crossed the 19,000-mark backed by revival of funds-basedbuying in blue chip stocks in metal, capital goods and refinery sectors. The index gained the last1,000 points in just four trading days. The index touched a fresh all-time intra-day high of19,096, and finally ended with a smart gain of 640 points at 19,059.The Nifty gained 242 pointsto close at 5,670.
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29 October 2007 The SENSEX crossed the 20,000 mark on the back of aggressive buying byfunds ahead of the US Federal Reserve meeting. The index took only 10 trading days to gain1,000 points after the index crossed the 19,000-mark on October 15. The major drivers of today'srally were index heavyweights Larsen and Toubro, Reliance Industries, ICICI Bank, HDFCBank and SBI among others. The 30-share index spurted in the last five minutes of trade to fly-

past the crucial level and scaled a new intra-day peak at 20,024.87 points before ending at itsfresh closing high of 19,977.67, a gain of 734.50 points. The NSE Nifty rose to a record high5,922.50 points before ending at 5,905.90, showing a hefty gain of 203.60 points.

8 January 2008 The SENSEX peaks. It crossed the 21,000 mark in intra-day trading after 49trading sessions. This was backed by high market confidence of increased FII investment andstrong corporate results for the third quarter. However, it later fell back due to profit booking.

13 June 2008 The SENSEX closed below 15,200 mark, Indian market suffer with majordownfall from January 21, 2008

25 June 2008 The SENSEX touched an intra day low of 13,731 during the early trades, thenpulled back and ended up at 14,220 amidst a negative sentiment generated on the Reserve Bankof India hiking CRR by 50 bps. FII outflow continued in this week.

2 July 2008 The SENSEX hit an intra day low of 12,822.70 on July 2, 2008. This is the lowestthat it has ever been in the past year. Six months ago, on January 10, 2008, the market had hit anall time high of 21206.70. This is a bad time for the Indian markets, although Reliance andInfosys continue to lead the way with mostly positive results.

6 October 2008 The SENSEX closed at 11801.70 hitting the lowest in the past 2 years.

10 October 2008 The SENSEX today closed at 10527, 800.51 points down from the previousday having seen an intraday fall of as large as 1063 points. Thus, this week turned out to be theweek with largest percentage fall in the SENSEX

18 May 2009 After the result of 15th Indian general election SENSEX gained 2100.79 pointsfrom the previous close of 12173.42, a record one-day gain. In the opening trade itself theSENSEX evinced a 15% gain over the previous close which led to a two-hour suspension intrading. After trading resumed, the SENSEX surged again, leading to a full day suspension oftrading.

19 October 2010 BSE introduced the 15-minute special pre-open trading session, a mechanism

under which investors can bid for stocks before the market opens. The mechanism, known as'pre-open session call auction', lasted for 15 minutes (from 9:00-9:15 am).[7]

5 November 2010 BSE SENSEX crossed the 21000 mark (exactly 21004.96).

27 December 2010 BSE SENSEX is at 20,028.93.
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[edit] Indices

The graph of SENSEX from July 1997 to March 2011

The launch of SENSEX in 1986 was later followed up in January 1989 by introduction of BSENational Index (Base: 1983-84 = 100). It comprised 100 stocks listed at five major stock

exchanges in India -Mumbai,Calcutta,Delhi,AhmedabadandMadras. The BSE National Indexwas renamed BSE-100 Index from October 14, 1996 and since then, it is being calculated takinginto consideration only the prices of stocks listed at BSE. BSE launched the dollar-linked versionof BSE-100 index on May 22, 2006. BSE launched two new index series on 27 May 1994: The'BSE-200' and the 'DOLLEX-200'. BSE-500 Index and 5 sectoral indices were launched in 1999.In 2001, BSE launched BSE-PSU Index, DOLLEX-30 and the country's first free-float basedindex - the BSE TECk Index. Over the years, BSE shifted all its indices to the free-floatmethodology (except BSE-PSU index). BSE disseminates information on the Price-EarningsRatio, the Price to Book Value Ratio and the Dividend Yield Percentage on day-to-day basis ofall its major indices. The values of all BSE indices are updated on real time basis during markethours and displayed through the BOLT system, BSE website and news wire agencies. All BSE

Indices are reviewed periodically by the BSE Index Committee. This Committee whichcomprises eminent independent finance professionals frames the broad policy guidelines for thedevelopment and maintenance of all BSE indices. The BSE Index Cell carries out the day-to-daymaintenance of all indices and conducts research on development of new indices.[8]

SENSEX is significantly correlated with the stock indices of other emerging markets[9][10]

[edit] Awards

The World Council of Corporate Governance has awarded the Golden Peacock GlobalCSR Award for BSE's initiatives in Corporate Social Responsibility (CSR).

The Annual Reports and Accounts of BSE for the year ended March 31, 2006 and March31, 2007 have been awarded the ICAI awards for excellence in financial reporting.

The Human Resource Management at BSE has won the Asia - Pacific HRM awards forits efforts in employer branding through talent management at work, health managementat work and excellence in HR through technology

Bombay Stock Exchange
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share

Bombay Stock Exchange

Location of Bombay Stock Exchange inIndia

Type Stock Exchange

Location Mumbai, India

Coordinates185547N 725001E / 18.929681N

72.833589E

Founded 1875

Owner Bombay Stock Exchange Limited
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Key people Madhu Kannan (CEO&MD)

Currency Indian rupee( )

No. of listings 5,085

MarketCap US$1.8 trillion (Dec 2010)[1]

Volume US$231 billion (Nov 2010)

Indexes

BSE SENSEXBSE Small CapBSE Mid-CapBSE 500

Website www.bseindia.com

The Bombay Stock Exchange (BSE) (Marathi:Bombay hare Bzar)(formerly, The Stock Exchange, Bombay) is astock exchangelocated onDalal Street,Mumbaiand is the oldest stock exchange inAsia. The equitymarket capitalizationof the companies listedon the BSE was US$1.63trillionas of December 2010, making it the 4th largest stock exchange

in Asia and the8th largest in the world.[1]

The BSE has the largest number of listed companies inthe world.[2]

As of June 2011, there are over 5,085 listed Indian companies and over 8,196scripson the stockexchange,[3]the Bombay Stock Exchange has a significant trading volume. TheBSE SENSEX,also called "BSE 30", is a widely used market index in India andAsia. Though many otherexchanges exist, BSE and theNational Stock Exchange of Indiaaccount for the majority of theequity tradingin India. While both have similar total market capitalization (about USD 1.6trillion), share volume in NSE is typically two times that of BSE.

Contents

[hide]

1 Hours of operation 2 History 3 Timeline 4 Indices 5 Awards 6 See also 7 References 8 External links

[edit] Hours of operation

Session Timing

Beginning of the Day Session 8:00 - 9:00
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pre-open trading session 9:00 - 9:15

Trading Session 9:15 - 15:30

Position Transfer Session 15:30 - 15:50

Closing Session 15:50 - 16:05

Option Exercise Session 16:05 - 16:35Margin Session 16:35 - 16:50

Query Session 16:50 - 17:35

End of Day Session 17:30

The hours of operation for the BSE quoted above are stated in terms the local time (i.e. GMT+5:30) in Mumbai , India. BSE's normal trading sessions are on all days of the week exceptSaturdays, Sundays and holidays declared by the Exchange in advance.[4]

[edit] History

ThePhiroze Jeejeebhoy Towershouse the Bombay Stock Exchange since 1980.

The National Stock Exchange (NSE) (Hindi:Rashtriya hare Bzar) is astock exchangelocated atMumbai,Maharashtra,India. It is the9th largest stock exchangein theworld bymarket capitalizationand largest in India by daily turnover and number of trades, forboth equities and derivative trading.[2]NSE has a market capitalization of around US$1.59trillionand over 1,552 listings as of December 2010.[3]Though a number of other exchangesexist, NSE and theBombay Stock Exchangeare the two most significant stock exchanges in

India, and between them are responsible for the vast majority of share transactions. The NSE'skey index is theS&P CNX Nifty, known as the NSE NIFTY (National Stock Exchange Fifty),an index of fifty major stocks weighted by market capitalisation.

NSE is mutually-owned by a set of leading financial institutions, banks, insurance companiesand other financial intermediaries in India but its ownership and management operate as separateentities.[4]There are at least 2 foreign investors NYSE Euronext and Goldman Sachs who havetaken a stake in the NSE.[5]As of 2006, the NSEVSATterminals, 2799 in total, cover more than
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1500 cities across India.[6]NSE is the third largest Stock Exchange in the world in terms of thenumber of trades in equities.[7]It is the second fastest growingstock exchangein the world witha recorded growth of 16.6%.[8]

Contents

[hide]

1 Origins 2 Innovations 3 Markets 4 Hours 5 Milestones 6 Indices 7 Exchange Traded Funds on NSE 8 Certifications 9 See also 10 References 11 External links

[edit] Origins

The National Stock Exchange of India was promoted by leadingFinancial institutionsat thebehest of theGovernment of India, and was incorporated in November 1992 as a tax-payingcompany. In April 1993, it was recognized as astock exchangeunder theSecurities Contracts

(Regulation) Act, 1956. NSE commenced operations in the WholesaleDebt Market(WDM)segment in June 1994. TheCapital market(Equities) segment of the NSE commenced operationsin November 1994, while operations in theDerivativessegment commenced in June 2000.

[edit] Innovations

NSE pioneering efforts include:

Being the first national, anonymous, electronic limit order book (LOB) exchange to tradesecurities in India. Since the success of the NSE, existent market and new marketstructures have followed the "NSE" model.

Setting up the first clearing corporation "National Securities Clearing Corporation Ltd."in India. NSCCL was a landmark in providing innovation on all spot equity market (andlater,derivatives market) trades in India.

Co-promoting and setting up of National Securities Depository Limited, first depositoryin India[9]

Setting up ofS&P CNX Nifty. NSE pioneered commencement of Internet Trading in February 2000, which led to the

wide popularization of the NSE in the broker community.
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ipedia.org/wiki/Derivatives_markethttp://en.wikipedia.org/w/index.php?title=National_Stock_Exchange_of_India&action=edit&section=2http://en.wikipedia.org/wiki/Derivativehttp://en.wikipedia.org/wiki/Stockhttp://en.wikipedia.org/wiki/Capital_markethttp://en.wikipedia.org/w/index.php?title=Debt_Market&action=edit&redlink=1http://en.wikipedia.org/w/index.php?title=Securities_Contracts_%28Regulation%29_Act&action=edit&redlink=1http://en.wikipedia.org/w/index.php?title=Securities_Contracts_%28Regulation%29_Act&action=edit&redlink=1http://en.wikipedia.org/wiki/Stock_exchangehttp://en.wikipedia.org/wiki/Government_of_Indiahttp://en.wikipedia.org/wiki/Financial_institutionshttp://en.wikipedia.org/w/index.php?title=National_Stock_Exchange_of_India&action=edit&section=1http://en.wikipedia.org/wiki/National_Stock_Exchange_of_India#External_linkshttp://en.wikipedia.org/wiki/National_Stock_Exchange_of_India#Referenceshttp://en.wikipedia.org/wiki/National_Stock_Exchange_of_India#See_alsohttp://en.wikipedia.org/wiki/National_Stock_Exchange_of_India#Certificationshttp://en.wikipedia.org/wiki/National_Stock_Exchange_of_India#Exchange_Traded_Funds_on_NSEhttp://en.wikipedia.org/wiki/National_Stock_Exchange_of_India#Indiceshttp://en.wikipedia.org/wiki/National_Stock_Exchange_of_India#Milestoneshttp://en.wikipedia.org/wiki/National_Stock_Exchange_of_India#Hourshttp://en.wikipedia.org/wiki/National_Stock_Exchange_of_India#Marketshttp://en.wikipedia.org/wiki/National_Stock_Exchange_of_India#Innovationshttp://en.wikipedia.org/wiki/National_Stock_Exchange_of_India#Originshttp://en.wikipedia.org/wiki/National_Stock_Exchange_of_Indiahttp://en.wikipedia.org/wiki/National_Stock_Exchange_of_India#cite_note-7http://en.wikipedia.org/wiki/Stock_exchangehttp://en.wikipedia.org/wiki/National_Stock_Exchange_of_India#cite_note-6http://en.wikipedia.org/wiki/National_Stock_Exchange_of_India#cite_note-5


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Being the first exchange that, in 1996, proposed exchange traded derivatives, particularlyon an equity index, in India. After four years of policy and regulatory debate andformulation, the NSE was permitted to start trading equity derivatives

Being the first and the only exchange to trade GOLD ETFs (exchange traded funds) inIndia.

NSE has also launched the NSE-CNBC-TV18 media centre in association withCNBC-TV18.

NSE.IT Limited, setup in 1999 , is a 100% subsidiary of the National Stock Exchange ofIndia. A Vertical Specialist Enterprise, NSE.IT offers end-to-end InformationTechnology (IT) products, solutions and services.

NSE (National Stock Exchange) was the first exchange in the world to use satellitecommunication technology for trading, using a client server based system called NationalExchange for Automated Trading (NEAT). For all trades entered into NEAT system,there is uniform response time of less than one second.

[edit] Markets

Currently, NSE has the following major segments of the capital market:

Equity Futures and Options Retail Debt Market Wholesale Debt Market Currency futures Mutual Fund Stocks lendingandborrowing

August 2008 Currency derivatives were introduced in India with the launch of Currency Futuresin USD INR by NSE. Currently it has also launched currency futures in EURO, POUND &YEN. Interest Rate Futures was introduced for the first time in India by NSE on 31 August 2009,exactly after one year of the launch of Currency Futures.

NSE became the first stock exchange to get approval for Interest rate futures as recommended bySEBI-RBI committee, on 31 August 2009, a futures contract based on 7% 10 Year GOI bond(NOTIONAL) was launched with quarterly maturities.[10]

[edit] Hours

NSE's normal trading sessions are conducted from 9:15 am India Time to 3:30 pm India Time onall days of the week except Saturdays, Sundays and Official Holidays declared by the Exchange(or by the Government of India) in advance.[11]The exchange, in association with BSE (BombayStock Exchange Ltd.), is thinking of revising its timings from 9.00 am India Time to 5.00 pmIndia Time.
http://en.wikipedia.org/wiki/CNBC-TV18http://en.wikipedia.org/wiki/CNBC-TV18http://en.wikipedia.org/wiki/CNBC-TV18http://en.wikipedia.org/wiki/CNBC-TV18http://en.wikipedia.org/w/index.php?title=National_Stock_Exchange_of_India&action=edit&section=3http://en.wikipedia.org/w/index.php?title=National_Stock_Exchange_of_India&action=edit&section=3http://en.wikipedia.org/wiki/Equityhttp://en.wikipedia.org/wiki/Equityhttp://en.wikipedia.org/wiki/Futures_exchangehttp://en.wikipedia.org/wiki/Futures_exchangehttp://en.wikipedia.org/w/index.php?title=Retail_Debt_Market&action=edit&redlink=1http://en.wikipedia.org/w/index.php?title=Retail_Debt_Market&action=edit&redlink=1http://en.wikipedia.org/w/index.php?title=Wholesale_Debt_Market&action=edit&redlink=1http://en.wikipedia.org/w/index.php?title=Wholesale_Debt_Market&action=edit&redlink=1http://en.wikipedia.org/wiki/Currency_futureshttp://en.wikipedia.org/wiki/Currency_futureshttp://en.wikipedia.org/wiki/Mutual_Fundhttp://en.wikipedia.org/wiki/Mutual_Fundhttp://en.wikipedia.org/wiki/Stock_lendinghttp://en.wikipedia.org/wiki/Stock_lendinghttp://en.wikipedia.org/w/index.php?title=Stock_borrowing&action=edit&redlink=1http://en.wikipedia.org/w/index.php?title=Stock_borrowing&action=edit&redlink=1http://en.wikipedia.org/w/index.php?title=Stock_borrowing&action=edit&redlink=1http://en.wikipedia.org/wiki/National_Stock_Exchange_of_India#cite_note-9http://en.wikipedia.org/wiki/National_Stock_Exchange_of_India#cite_note-9http://en.wikipedia.org/wiki/National_Stock_Exchange_of_India#cite_note-9http://en.wikipedia.org/w/index.php?title=National_Stock_Exchange_of_India&action=edit&section=4http://en.wikipedia.org/w/index.php?title=National_Stock_Exchange_of_India&action=edit&section=4http://en.wikipedia.org/wiki/National_Stock_Exchange_of_India#cite_note-10http://en.wikipedia.org/wiki/National_Stock_Exchange_of_India#cite_note-10http://en.wikipedia.org/wiki/National_Stock_Exchange_of_India#cite_note-10http://en.wikipedia.org/wiki/National_Stock_Exchange_of_India#cite_note-10http://en.wikipedia.org/w/index.php?title=National_Stock_Exchange_of_India&action=edit&section=4http://en.wikipedia.org/wiki/National_Stock_Exchange_of_India#cite_note-9http://en.wikipedia.org/w/index.php?title=Stock_borrowing&action=edit&redlink=1http://en.wikipedia.org/wiki/Stock_lendinghttp://en.wikipedia.org/wiki/Mutual_Fundhttp://en.wikipedia.org/wiki/Currency_futureshttp://en.wikipedia.org/w/index.php?title=Wholesale_Debt_Market&action=edit&redlink=1http://en.wikipedia.org/w/index.php?title=Retail_Debt_Market&action=edit&redlink=1http://en.wikipedia.org/wiki/Futures_exchangehttp://en.wikipedia.org/wiki/Equityhttp://en.wikipedia.org/w/index.php?title=National_Stock_Exchange_of_India&action=edit&section=3http://en.wikipedia.org/wiki/CNBC-TV18http://en.wikipedia.org/wiki/CNBC-TV18


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There were System Testing going on and opinions, suggestions or feedback on the NewProposed Timings are being invited from the brokers across India. And finally on 18 November2009 regulator decided to drop their ambitious goal of longest Asia Trading Hours due to strongopposition from its members.

On 16 December 2009, NSE announced that it would advance the market opening to 9:00 amfrom 18 December 2009. So NSE trading hours will be from 9.00 am till 3:30 pm India Time.

However, on 17 December 2009, after strong protests from brokers, the Exchange decided topostpone the change in trading hours till 4 Jan 2010.

NSE new market timing from 4 Jan 2010 is 9:00 am till 3:30 pm India Time.

[edit] Milestones

November 1992 Incorporation April 1993 Recognition as a stock exchange May 1993 Formulation of business plan June 1994 Wholesale Debt Market segment goes live November 1994 Capital Market (Equities) segment goes live March 1995 Establishment of Investor Grievance Cell April 1995 Establishment of NSCCL, the first Clearing Corporation June 1995 Introduction of centralised insurance cover for all trading members July 1995 Establishment of Investor Protection Fund October 1995 Became largest stock exchange in the country April 1996 Commencement of clearing and settlement by NSCCL April 1996 Launch of S&P CNX Nifty June 1996 Establishment of Settlement Guarantee Fund November 1996 Setting up of National Securities Depository Limited, first depository in

India, co-promoted by NSE November 1996 Best IT Usage award by Computer Society of India December 1996 Commencement of trading/settlement in dematerialised securities December 1996 Dataquest award for Top IT User December 1996 Launch of CNX Nifty Junior February 1997 Regional clearing facility goes live November 1997 Best IT Usage award by Computer Society of India May 1998 Promotion of joint venture, India Index Services & Products Limited (IISL) May 1998 Launch of NSE's Web-site: www.nse.co.in July 1998 Launch of NSE's Certification Programme in Financial Market August 1998 CYBER CORPORATE OF THE YEAR 1998 award February 1999 Launch of Automated Lending and Borrowing Mechanism April 1999 CHIP Web Award by CHIP magazine October 1999 Setting up of NSE.IT January 2000 Launch of NSE Research Initiative February 2000 Commencement of Internet Trading June 2000 Commencement of Derivatives Trading (Index Futures)
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September 2000 Launch of 'Zero Coupon Yield Curve' November 2000 Launch of Broker Plaza by Dotex International, a joint venture between

NSE.IT Ltd. and i-flex Solutions Ltd. December 2000 Commencement of WAP trading June 2001 Commencement of trading in Index Options

July 2001 Commencement of trading in Options on Individual Securities November 2001 Commencement of trading in Futures on Individual Securities December 2001 Launch of NSE VaR for Government Securities January 2002 Launch of Exchange Traded Funds (ETFs) May 2002 NSE wins the Wharton-Infosys Business Transformation Award in the

Organization-wide Transformation category October 2002 Launch of NSE Government Securities Index January 2003 Commencement of trading in Retail Debt Market June 2003 Launch of Interest Rate Futures August 2003 Launch of Futures & options in CNXIT Index June 2004 Launch of STP Interoperability

August 2004 Launch of NSEs electronic interface for listed companies March 2005 India Innovation Award by EMPI Business School, New Delhi June 2005 Launch of Futures & options in BANK Nifty Index December 2006 'Derivative Exchange of the Year', by Asia Risk magazine January 2007 Launch of NSECNBC TV 18 media centre March 2007 NSE, CRISIL announce launch of IndiaBondWatch.com June 2007 NSE launches derivatives on Nifty Junior & CNX 100 October 2007 NSE launches derivatives on Nifty Midcap 50 January 2008 Introduction of Mini Nifty derivative contracts on 1 January 2008 March 2008 Introduction of long term option contracts on S&P CNX Nifty Index April 2008 Launch of India VIX April 2008 Launch of Securities Lending & Borrowing Scheme August 2008 Launch of Currency Derivatives August 2009 Launch of Interest Rate Futures November 2009 Launch of Mutual Fund Service System December 2009 Commencement of settlement of corporate bonds February 2010 Launch of Currency Futures on additional currency pairs October 2010 Launch of 15-minute special pre-open trading session, a mechanism under

which investors can bid for stocks before the market opens.[12]

[edit] Indices
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Graph of S&P CNX Nifty from January 1997 to March 2011

NSE also set up as index services firm known as India Index Services & Products Limited (IISL)and has launched several stock indices, including:[13]

S&P CNX Nifty(Standard & Poor's CRISIL NSE Index) CNX Nifty Junior CNX 100 (= S&P CNX Nifty + CNX Nifty Junior) S&P CNX 500(= CNX 100 + 400 major players across 72 industries) CNX Midcap (introduced on 18 July 2005 replacing CNX Midcap 200)

[edit] Exchange Traded Funds on NSE

NSE has a number of exchange traded funds. These are typically index funds and GOLD ETFs.Some of the popular ETF's available for trading on NSE are:

NIFTYBEES - ETF based on NIFTY indexNifty BEES Live quote GoldBees - ETF based on Gold prices. Tracks the price of Gold. Each unit is equivalent

to 1 gm of gold and bears the price of 1gm of gold. BankBees - ETF that tracks the CNX Bank Index.

[edit] Certifications

NSE also conducts online examination and awards certification, under its programmes of NSE'sCertification in Financial Markets (NCFM)[1]. Currently, certifications are available in 19

modules, covering different sectors of financial and capital markets. Branches of the NSE arelocated throughout India. NSE, in collaboration with reputed colleges and institutes in India, hasbeen offering a short-term course called NSE Certified Capital Market Professional (NCCMP)since August 2009, in the campuses of the respective colleges/ institutes.[14]

[edit] See also
http://en.wikipedia.org/wiki/National_Stock_Exchange_of_India#cite_note-12http://en.wikipedia.org/wiki/National_Stock_Exchange_of_India#cite_note-12http://en.wikipedia.org/wiki/National_Stock_Exchange_of_India#cite_note-12http://en.wikipedia.org/wiki/S%26P_CNX_Niftyhttp://en.wikipedia.org/wiki/S%26P_CNX_Niftyhttp://en.wikipedia.org/wiki/CNX_Nifty_Juniorhttp://en.wikipedia.org/wiki/CNX_Nifty_Juniorhttp://en.wikipedia.org/wiki/S%26P_CNX_500http://en.wikipedia.org/wiki/S%26P_CNX_500http://en.wikipedia.org/w/index.php?title=National_Stock_Exchange_of_India&action=edit&section=7http://en.wikipedia.org/w/index.php?title=National_Stock_Exchange_of_India&action=edit&section=7http://indianewsbox.in/NIFTYBEES.phphttp://indianewsbox.in/NIFTYBEES.phphttp://indianewsbox.in/NIFTYBEES.phphttp://en.wikipedia.org/w/index.php?title=National_Stock_Exchange_of_India&action=edit&section=8http://en.wikipedia.org/w/index.php?title=National_Stock_Exchange_of_India&action=edit&section=8http://www.nse-india.com/http://www.nse-india.com/http://www.nse-india.com/http://en.wikipedia.org/wiki/National_Stock_Exchange_of_India#cite_note-13http://en.wikipedia.org/wiki/National_Stock_Exchange_of_India#cite_note-13http://en.wikipedia.org/wiki/National_Stock_Exchange_of_India#cite_note-13http://en.wikipedia.org/w/index.php?title=National_Stock_Exchange_of_India&action=edit&section=9http://en.wikipedia.org/w/index.php?title=National_Stock_Exchange_of_India&action=edit&section=9http://en.wikipedia.org/wiki/File:S&P_CNX_Nifty.svghttp://en.wikipedia.org/wiki/File:S&P_CNX_Nifty.svghttp://en.wikipedia.org/wiki/File:S&P_CNX_Nifty.svghttp://en.wikipedia.org/wiki/File:S&P_CNX_Nifty.svghttp://en.wikipedia.org/w/index.php?title=National_Stock_Exchange_of_India&action=edit&section=9http://en.wikipedia.org/wiki/National_Stock_Exchange_of_India#cite_note-13http://www.nse-india.com/http://en.wikipedia.org/w/index.php?title=National_Stock_Exchange_of_India&action=edit&section=8http://indianewsbox.in/NIFTYBEES.phphttp://en.wikipedia.org/w/index.php?title=National_Stock_Exchange_of_India&action=edit&section=7http://en.wikipedia.org/wiki/S%26P_CNX_500http://en.wikipedia.org/wiki/CNX_Nifty_Juniorhttp://en.wikipedia.org/wiki/S%26P_CNX_Niftyhttp://en.wikipedia.org/wiki/National_Stock_Exchange_of_India#cite_note-12


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National Stock Exchange

National Stock Exchange

Location of National Stock Exchange inIndia

Type Stock Exchange

Location Mumbai, India

Coordinates19337N 725135E / 19.06028N

72.85972EFounded 1992

Owner National Stock Exchange of India Limited

Key people Ravi Narain (MD)

Currency Indian rupee( )

No. of listings 1,552

MarketCap US$1.59 trillion (Dec 2010)[1]
http://en.wikipedia.org/wiki/Indiahttp://en.wikipedia.org/wiki/Indiahttp://en.wikipedia.org/wiki/Indiahttp://en.wikipedia.org/wiki/Stock_Exchangehttp://en.wikipedia.org/wiki/Mumbaihttp://en.wikipedia.org/wiki/Mumbaihttp://toolserver.org/~geohack/geohack.php?pagename=National_Stock_Exchange_of_India&params=19_3_37_N_72_51_35_E_region:IN_type:landmarkhttp://toolserver.org/~geohack/geohack.php?pagename=National_Stock_Exchange_of_India&params=19_3_37_N_72_51_35_E_region:IN_type:landmarkhttp://toolserver.org/~geohack/geohack.php?pagename=National_Stock_Exchange_of_India&params=19_3_37_N_72_51_35_E_region:IN_type:landmarkhttp://en.wikipedia.org/wiki/Managing_Directorhttp://en.wikipedia.org/wiki/Managing_Directorhttp://en.wikipedia.org/wiki/Managing_Directorhttp://en.wikipedia.org/wiki/Indian_rupeehttp://en.wikipedia.org/wiki/Indian_rupeehttp://en.wikipedia.org/wiki/Market_capitalizationhttp://en.wikipedia.org/wiki/United_States_dollarhttp://en.wikipedia.org/wiki/National_Stock_Exchange_of_India#cite_note-0http://en.wikipedia.org/wiki/National_Stock_Exchange_of_India#cite_note-0http://en.wikipedia.org/wiki/National_Stock_Exchange_of_India#cite_note-0http://en.wikipedia.org/wiki/File:India_location_map.svghttp://en.wikipedia.org/wiki/File:National_Stock_Exchange_of_India_2.jpghttp://en.wikipedia.org/wiki/File:National_Stock_Exchange_of_India_Logo.svghttp://en.wikipedia.org/wiki/File:India_location_map.svghttp://en.wikipedia.org/wiki/File:National_Stock_Exchange_of_India_2.jpghttp://en.wikipedia.org/wiki/File:National_Stock_Exchange_of_India_Logo.svghttp://en.wikipedia.org/wiki/File:India_location_map.svghttp://en.wikipedia.org/wiki/File:National_Stock_Exchange_of_India_2.jpghttp://en.wikipedia.org/wiki/File:National_Stock_Exchange_of_India_Logo.svghttp://en.wikipedia.org/wiki/File:India_location_map.svghttp://en.wikipedia.org/wiki/File:National_Stock_Exchange_of_India_2.jpghttp://en.wikipedia.org/wiki/File:National_Stock_Exchange_of_India_Logo.svghttp://en.wikipedia.org/wiki/File:India_location_map.svghttp://en.wikipedia.org/wiki/File:National_Stock_Exchange_of_India_2.jpghttp://en.wikipedia.org/wiki/File:National_Stock_Exchange_of_India_Logo.svghttp://en.wikipedia.org/wiki/File:India_location_map.svghttp://en.wikipedia.org/wiki/File:National_Stock_Exchange_of_India_2.jpghttp://en.wikipedia.org/wiki/File:National_Stock_Exchange_of_India_Logo.svghttp://en.wikipedia.org/wiki/National_Stock_Exchange_of_India#cite_note-0http://en.wikipedia.org/wiki/United_States_dollarhttp://en.wikipedia.org/wiki/Market_capitalizationhttp://en.wikipedia.org/wiki/Indian_rupeehttp://en.wikipedia.org/wiki/Managing_Directorhttp://toolserver.org/~geohack/geohack.php?pagename=National_Stock_Exchange_of_India&params=19_3_37_N_72_51_35_E_region:IN_type:landmarkhttp://toolserver.org/~geohack/geohack.php?pagename=National_Stock_Exchange_of_India&params=19_3_37_N_72_51_35_E_region:IN_type:landmarkhttp://en.wikipedia.org/wiki/Mumbaihttp://en.wikipedia.org/wiki/Stock_Exchangehttp://en.wikipedia.org/wiki/India


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Indexes

S&P CNX NiftyCNX Nifty JuniorS&P CNX 500

Website www.nse-india.com

NSE building at BKC, Mumbai

The National Stock Exchange (NSE) (Hindi:Rashtriya hare Bzar) is astock exchangelocated atMumbai,Maharashtra,India. It is the9th largest stock exchangein theworld bymarket capitalizationand largest in India by daily turnover and number of trades, forboth equities and derivative trading.[2]NSE has a market capitalization of around US$1.59trillionand over 1,552 listings as of December 2010.[3]Though a number of other exchangesexist, NSE and theBombay Stock Exchangeare the two most significant stock exchanges inIndia, and between them are responsible for the vast majority of share transactions. The NSE'skey index is theS&P CNX Nifty, known as the NSE NIFTY (National Stock Exchange Fifty),an index of fifty major stocks weighted by market capitalisation.

NSE is mutually-owned by a set of leading financial institutions, banks, insurance companies

and other financial intermediaries in India but its ownership and management operate as separateentities.[4]There are at least 2 foreign investors NYSE Euronext and Goldman Sachs who havetaken a stake in the NSE.[5]As of 2006, the NSEVSATterminals, 2799 in total, cover more than1500 cities across India.[6]NSE is the third largest Stock Exchange in the world in terms of thenumber of trades in equities.[7]It is the second fastest growingstock exchangein the world witha recorded growth of 16.6%.[8]

Contents

[hide]

1 Origins 2 Innovations 3 Markets 4 Hours 5 Milestones 6 Indices 7 Exchange Traded Funds on NSE
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it was formed officially by the government of india in 1992 with sebi act 1992

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