Friday, February 11, 2011

National Stock Exchange

The National Stock Exchange (NSE) is a stock exchange in India located at Mumbai.
It is the 10th largest stock exchange in the world by market capitalization and largest in India by daily turnover and number of trades, for both equities and derivative trading.
NSE has a market capitalization of around US$1.59 trillion and over 1,552 listings as of December 2010. Though a number of other exchanges exist, NSE and the Bombay Stock Exchange are the two most significant stock exchanges in India.
Both of them are responsible for the vast majority of share transactions.
The NSE's key index is the S&P CNX Nifty, known as the NSE NIFTY which means National Stock Exchange Fifty, an index of fifty major stocks weighted by market capitalization.
NSE building is at BKC (Bandra Kurla Complex), Mumbai.
NSE 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.
NSE is the first national, anonymous, electronic limit order book (LOB) exchange to trade securities in India.
NSE Set 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.
NSE is the first and the only exchange to trade GOLD ETFs (exchange traded funds) in India.
Currently, NSE has the following major segments of the capital market:
    * Equity
    * Futures and Options
    * Retail Debt Market
    * Wholesale Debt Market
    * Currency futures
NSE's normal trading sessions are conducted from 9:15 am India Time to 3:30 pm India Time on all days of the week except Saturdays, Sundays and Official Holidays declared by the Exchange.

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