National_stock_exchange_of_india

National Stock Exchange Limited
Type	Stock Exchange
Location	Mumbai, India
Coordinates	19°3′37″N, 72°51′35″E
Owner	National Stock Exchange of India Limited
Key people	Ravi Narain Managing Director
Currency	INR
No. of listings	1587
MarketCap	US$ 1.46 trillion (2006)
Indexes	S&P CNX Nifty CNX Nifty Junior S&P CNX 500
Website	www.nse-india.com

The National Stock Exchange of India Limited (NSE), is a Mumbai-based stock exchange. It is the largest stock exchange in India and the third largest in the world in terms of volume of transactionsNational Stock Exchange. Though a number of other exchanges exist, NSE and the Bombay Stock Exchange are the two most significant stock exchanges in India, and between them are responsible for the vast majority of share transactions.

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 separate entitiesPersonal website of R.Kannan. As of 2006, the NSE VSAT terminals, 2799 in total, cover more than 1500 cities across India NSE - About Us - Facts & Figures. In October 2007, the equity market capitalization of the companies listed on the NSE was US$ 1.46 trillion, making it the second largest stock exchange in South Asia. NSE is the third largest Stock Exchange in the world in terms of the number of trades in equities.[1] "World Federation of Exchanges (2007)"It is the second fastest growing stock exchange in the world with a recorded growth of 16.6%.Now, NSE 2nd fastest growing stock exchange

Origins

The National Stock Exchange of India was promoted by leading Financial institutions at the behest of the Government of India, and was incorporated in November 1992 as a tax-paying company. In April 1993, it was recognized as a stock exchange under the Securities Contracts (Regulation) Act, 1956. NSE commenced operations in the Wholesale Debt Market (WDM) segment in June 1994. The Capital Market (Equities) segment of the NSE commenced operations in November 1994, while operations in the Derivatives segment commenced in June 2000.

Front of National Stock Exchange

Innovations

NSE has remained in the forefront of modernization of India\'s capital and financial markets, and its pioneering efforts include:

• Being the first national, anonymous, electronic limit order book (LOB) exchange to trade securities in India. Since the success of the NSE, existent market and new market structures have followed the "NSE" model.
• Setting up the first clearing corporation "National Securities Clearing Corporation Ltd." in India. NSCCL was a landmark in providing novation on all spot equity market (and later, derivatives market) trades in India.
• Co-promoting and setting up of National Securities Depository Limited, first depository in India[2].
• Setting up of S&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.
• Being the first exchange that, in 1996, proposed exchange traded derivatives, particularly on an equity index, in India. After four years of policy and regulatory debate and formulation, the NSE was permitted to start trading equity derivatives
• Being the first exchange to trade GOLD ETFs (exchange traded funds) in India.
• NSE has also launched the NSE-CNBC-TV18 media centre in association with CNBC-TV18, a leading business news channel in India.

Markets

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

• Equity
• Futures and Options
• Retail Debt Market
• Wholesale Debt Market

Indices

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

• S&P CNX Nifty
• 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)

Source - http://www.nse-india.com/content/indices/ind_majorindices.htm

Certifications

NSE also conducts online examination and awards certification, under its programmes of NSE\'s Certification in Finanacial Markets (NCFM)[3]. Currently, certifications are available in 14 modules, covering different sectors of financial and capital markets. Branches of the NSE are located throughout India.

See also: Bombay Stock Exchange

See also

• List of South Asian stock exchanges
• Mahurat trading

References

External links

• Official site
• Electronic Trading in India
• Investor SoukLatest information, market buzz and other details about Indian IPO/FPOs
• Nifty Forum
• Market Trading Times Trading Times for The Markets
• Indian Stock Market Indian Stock Market

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National Stock Exchange of India

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