Stock exchange in India are the most perfect type of market for securities weather of government,semi government, public body,shares n debentures of joint stock company etc. In stock market purchases n sales are made in condition free compitation. The government securities are traded outside the trading ring n in the form of over the counter sale or purchase. The bargain that is struck in the trading ring by member of stock exchange are the fair prices that are determined.
stock exchange means any body of individual weather incorporated or not constituted for the purpose of asisting,regulating,selling, or dealing in securities. It is an association of member brokers for the purpose of self regulation n protecting the investment of their own. With the stock exchange becoming corporate body with demutualisation control n ownership will be in different hand.
BOMBAY STOCK EXCHANGE (BSE) :-
Trading in securities been in vogue in India for over 200years. Speculation was a common feature even during east india company ruled. The brokers realisedthe investor confident in securities market couldbe sastain only by organising themself into a regulated body with defined rule n regulation. This realisation resulting in formation of "the native share n stock brokers association" which later came to be known as 'BOMBAY STOCK EXCHANGE'.
Bombay Stock Exchange, previously known as the Stock Exchange, Mumbai, is one of the oldest and largest stock exchanges in Asia. Not only this, Bombay Stock Exchange is the largest stock exchange in terms of the number of companies listed with it.
Located at Dalal Street, Mumbai, India, Bombay Stock Exchange has over 4700 listed companies and is now considered as the 12th largest Stock Exchange in the world.
Bombay Stock Exchange without any doubt has a significant trading volume. The market index used in India and Asia is the ‘BSE 30′ or BSE Index. In other words, it is the Bombay Stock Exchange Sensitive Index. And although many stock exchanges are operating in India, the Bombay Stock Exchange along with the National Stock Exchange of India account for the most number of share trading volume in India.
In all, the BSE Index was developed in 1986 and since then, trading of securities, market derivaties and futures contracts have reached to new heights. And as of now, the Bombvay Stock Exchange is an electronic trading platform which entertains a number of investors on daily basis.
NATIONAL STOCK EXCAHNGE:-
High powered commity on the establishment of new stock exchange in the year 1991 june.
The National Stock Exchange of India (NSEI) became the country's largest stock exchange soon after its launch in the early 1990s and hosts India's main equities benchmark, the S&P CNX Nifty. The NSEI also lists derivatives, where it holds a near-monopoly of the Indian market, and it is now the world's largest exchange for single-stock futures trading on its integrated electronic trading platform. In mid-2010 the NSEI intends launching a transparent platform to allow short-selling of its listed securities.
The National Stock Exchange of India ranked as the world's seventh-largest derivatives exchange by contract volume in 2009, according to the annual Futures Industry Association's survey of the world's leading derivatives exchanges. [1] The FIA report, published in early April 2010, notes that the number of futures and options traded on NSEI leapt 52 percent to 918.5 million contracts. Its best performing contract was the S&P CNX Nifty Options, which ranked fifth on the FIA's Top-20 list of equity-index derivatives contracts by volume, jumping almost 113 percent to over 321 million contracts traded in 2009.
The NSEI was created in 1992 by a consortium of Indian banks including State Bank of India, Union Bank of India and ICICI Bank but ownership was broadened in 2007 by selling 5 percent stakes each to international investors NYSE Euronext, Goldman Sachs, General Atlantic Partners and Softbank Asian Infrastructure Fund. It began trading the equities and debt in 1994 and launched futures and options trading in 2000.[2] The popular single stock futures contracts were launched in 2002 while currency futures were added in 2008, followed a year later by interest rate futures.[3]
The NSEI handles around twice as many trades as its nearest Indian stock-market rival, the Bombay Stock Exchange, an edge attributed to the NSEI's superior single trading platform, Bloomberg reported recently.[4] However, it has recently been challenged by the launch of MCX Stock Exchange (MCX-SX), an offshoot of the rapidly growing Multi Commodities Exchange (MCX), which also intends to trade stocks and was granted a licence to do so by the Securities and Exchange Board of India (SEBI) in mid-2009.[5] The NSEI's total income jumped around 40 percent between September 2007 and September 2008 while pre-tax profit rose over the same period by more than 50 percent,[6] which likely encouraged the new entrant.
NSE entered into a significant cross-listing partnership with the CME Group, the world's largest derivatives-exchange operator, in March of 2010, involving benchmark stock indexes in the two countries. Futures contracts on the NSE's benchmark S&P CNX Nifty Index (better known as the Nifty 50) will soon be listed on exchanges controlled by the CME Group, denominated in local currency, CME Group announced March 10, 2010.[12] In return, the NSE will be able to list their own futures contracts, denominated in Indian rupees, on the CME Group's S&P 500 and Dow Jones Industrial Averages stock index contracts. The contracts commenced trading on July 19, 2010. Also beginning July 19, CME introduced two new contracts as part of its NSE partnership, the E-mini and E-micro S&P CNX Nifty (Nifty 50) futures.[13]
The NSE intends launching a short-selling platform in the summer of 2010 that will allow traders to borrow and lend shares transparently on the exchange to meet "huge demand", CEO Ravi Narain told Bloomberg in late May.[14] Narain expects that offering exchange-based shorting will attract foreign investors at a time when the startegy is under attack in some western markets. China allowed short selling on its exchanges in March 2010 while Germany reversed course in early May and outlawed naked shorts on some listed securities.
NSE is also following China's lead in offering foreign investors access to its index futures market through an agreement with Chicago-based CME Group. That would allow Indians to invest in Indian rupeess on the CME's U.S. index futures market on Standard & Poor’s 500 Index (S&P 500) and the Dow Jones Industrial Average (DJIA).
In July 2010, the exchange launched the India Volatility Index (India VIX) on a real-time basis; it previously only tracked end-of-the-day changes. India VIX is based on the index option prices of the benchmark Nifty. NSE said July 19, 2010 that it will be applying to the SEBI for permission to start futures and options on the index, after it has been tracked for a suitable period.[15]
stock exchange means any body of individual weather incorporated or not constituted for the purpose of asisting,regulating,selling, or dealing in securities. It is an association of member brokers for the purpose of self regulation n protecting the investment of their own. With the stock exchange becoming corporate body with demutualisation control n ownership will be in different hand.
BOMBAY STOCK EXCHANGE (BSE) :-
Trading in securities been in vogue in India for over 200years. Speculation was a common feature even during east india company ruled. The brokers realisedthe investor confident in securities market couldbe sastain only by organising themself into a regulated body with defined rule n regulation. This realisation resulting in formation of "the native share n stock brokers association" which later came to be known as 'BOMBAY STOCK EXCHANGE'.
Bombay Stock Exchange, previously known as the Stock Exchange, Mumbai, is one of the oldest and largest stock exchanges in Asia. Not only this, Bombay Stock Exchange is the largest stock exchange in terms of the number of companies listed with it.
Located at Dalal Street, Mumbai, India, Bombay Stock Exchange has over 4700 listed companies and is now considered as the 12th largest Stock Exchange in the world.
Bombay Stock Exchange without any doubt has a significant trading volume. The market index used in India and Asia is the ‘BSE 30′ or BSE Index. In other words, it is the Bombay Stock Exchange Sensitive Index. And although many stock exchanges are operating in India, the Bombay Stock Exchange along with the National Stock Exchange of India account for the most number of share trading volume in India.
In all, the BSE Index was developed in 1986 and since then, trading of securities, market derivaties and futures contracts have reached to new heights. And as of now, the Bombvay Stock Exchange is an electronic trading platform which entertains a number of investors on daily basis.
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High powered commity on the establishment of new stock exchange in the year 1991 june.
The National Stock Exchange of India (NSEI) became the country's largest stock exchange soon after its launch in the early 1990s and hosts India's main equities benchmark, the S&P CNX Nifty. The NSEI also lists derivatives, where it holds a near-monopoly of the Indian market, and it is now the world's largest exchange for single-stock futures trading on its integrated electronic trading platform. In mid-2010 the NSEI intends launching a transparent platform to allow short-selling of its listed securities.
The National Stock Exchange of India ranked as the world's seventh-largest derivatives exchange by contract volume in 2009, according to the annual Futures Industry Association's survey of the world's leading derivatives exchanges. [1] The FIA report, published in early April 2010, notes that the number of futures and options traded on NSEI leapt 52 percent to 918.5 million contracts. Its best performing contract was the S&P CNX Nifty Options, which ranked fifth on the FIA's Top-20 list of equity-index derivatives contracts by volume, jumping almost 113 percent to over 321 million contracts traded in 2009.
The NSEI was created in 1992 by a consortium of Indian banks including State Bank of India, Union Bank of India and ICICI Bank but ownership was broadened in 2007 by selling 5 percent stakes each to international investors NYSE Euronext, Goldman Sachs, General Atlantic Partners and Softbank Asian Infrastructure Fund. It began trading the equities and debt in 1994 and launched futures and options trading in 2000.[2] The popular single stock futures contracts were launched in 2002 while currency futures were added in 2008, followed a year later by interest rate futures.[3]
The NSEI handles around twice as many trades as its nearest Indian stock-market rival, the Bombay Stock Exchange, an edge attributed to the NSEI's superior single trading platform, Bloomberg reported recently.[4] However, it has recently been challenged by the launch of MCX Stock Exchange (MCX-SX), an offshoot of the rapidly growing Multi Commodities Exchange (MCX), which also intends to trade stocks and was granted a licence to do so by the Securities and Exchange Board of India (SEBI) in mid-2009.[5] The NSEI's total income jumped around 40 percent between September 2007 and September 2008 while pre-tax profit rose over the same period by more than 50 percent,[6] which likely encouraged the new entrant.
References
- ↑ 2009 Annual Volume Survey. FIA magazine. Retrieved on April 8, 2010.
- ↑ The Organisation. National Stock Exchange of India. Retrieved on October 14, 2009.
- ↑ Proposed stock exchange set to challenge NSE’s near-monopoly. Livemint.com. Retrieved on October 14, 2009.
- ↑ Bombay Bourse Hires Bank of America’s Madhu Kannan. Bloomberg. Retrieved on October 14, 2009.
- ↑ Proposed stock exchange set to challenge NSE’s near-monopoly. Livemint.com. Retrieved on October 14, 2009.
- ↑ Profit & Loss Statement. NSEI. Retrieved on October 14, 2009.
- ↑ S&P CNX Nifty. NSEI. Retrieved on October 14, 2009.
- ↑ Nifty, Sensex at new peak, end near 17-month highs. NDTV. Retrieved on October 14, 2009.
- ↑ Narain set to get 3-year extension as NSE chief. Business Standard. Retrieved on October 14, 2009.
- ↑ Mr Ravi Narain. NFCGIndia.com. Retrieved on October 14, 2009.
- ↑ National Exchange to Gain as Indian Economy Grows, Norwest Says. Bloomberg. Retrieved on October 14, 2009.
- ↑ National Stock Exchange of India and CME Group Announce Cross-Listing Relationship. PRNewswire-FirstCall. Retrieved on March 10, 2010.
- ↑ Press Release. NSE. Retrieved on July 20, 2010.
- ↑ National Stock Exchange Plans New Short Sales Within Weeks to Lure Funds. Bloomberg. Retrieved on May 28, 2010.
- ↑ Press Release. NSE. Retrieved on July 20, 2010.
Latest News
The NSEI is expected to do better than both domestic and international competition as India's economy continues to expand following its recovery from the 2008 financial crisis, according to Palo Alto, CA-based investor Norwest Venture Partners, which recently acquired a 2.11% stake in the NSEI.[11] Norwest expect Indian markets to grow faster than its global rivals and expects NSEI's dominance in derivatives to drive its growth faster still. The NSEI is the world's third-largest exchange in equities trades and fourth-largest in index futures as well as the world's leader in single stock futures, Norwest officials noted.NSE entered into a significant cross-listing partnership with the CME Group, the world's largest derivatives-exchange operator, in March of 2010, involving benchmark stock indexes in the two countries. Futures contracts on the NSE's benchmark S&P CNX Nifty Index (better known as the Nifty 50) will soon be listed on exchanges controlled by the CME Group, denominated in local currency, CME Group announced March 10, 2010.[12] In return, the NSE will be able to list their own futures contracts, denominated in Indian rupees, on the CME Group's S&P 500 and Dow Jones Industrial Averages stock index contracts. The contracts commenced trading on July 19, 2010. Also beginning July 19, CME introduced two new contracts as part of its NSE partnership, the E-mini and E-micro S&P CNX Nifty (Nifty 50) futures.[13]
The NSE intends launching a short-selling platform in the summer of 2010 that will allow traders to borrow and lend shares transparently on the exchange to meet "huge demand", CEO Ravi Narain told Bloomberg in late May.[14] Narain expects that offering exchange-based shorting will attract foreign investors at a time when the startegy is under attack in some western markets. China allowed short selling on its exchanges in March 2010 while Germany reversed course in early May and outlawed naked shorts on some listed securities.
NSE is also following China's lead in offering foreign investors access to its index futures market through an agreement with Chicago-based CME Group. That would allow Indians to invest in Indian rupeess on the CME's U.S. index futures market on Standard & Poor’s 500 Index (S&P 500) and the Dow Jones Industrial Average (DJIA).
In July 2010, the exchange launched the India Volatility Index (India VIX) on a real-time basis; it previously only tracked end-of-the-day changes. India VIX is based on the index option prices of the benchmark Nifty. NSE said July 19, 2010 that it will be applying to the SEBI for permission to start futures and options on the index, after it has been tracked for a suitable period.[15]
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