Introduction of Major Indian Stock Exchanges in India
Stock exchanges are considered as an inter-woven cloth of a nation's economic existence. Without a stock exchange, it is certain, the economic progress and productivity of a nation would remain under-utilized. Industrialists needed fund for long term whereas investors demanded the facility to convert their investment into cash at the specified time, and it is in this context the stock exchange came into existence.
The majority of the trading in the Indian stock market occurs on its two major stock exchanges, the BSE and NSE – the Bombay Stock Exchange and National Stock Exchange. The former has been in existence since 1875, on the other hand, the latter was established in 1992 and functioned its trading in 1994. Both exchanges keep the same trading process and methodology. Bombay Stock Exchange is the leading and time tested stock exchange in India as well as in Asia, which is a dynamic stock exchange having high volume of listed securities in India. Almost 70% to 80% of all transactions are done in the India through Bombay Stock Exchange.
National Stock Exchange (NSE) has eventually become the largest and most sophisticated stock exchange in India, keeping pace with unmatched technology and its systems and practices. It has now figured the third largest exchange in the world at par with two major exchanges working in the USA.
The NSE keeping screen based trading system with automated order machine. The system gives the whole market updated information, besides providing for concealment of identity of market operations.
Other than these two, a supplementary functional Indian Stock Exchange is known as Over The Counter Exchange of India (OTCEI), located at Mumbai, which was incorporated in 1990. It is also a recognized stock exchange under the Securities Control and Regulation Act 1956, promoted jointly by the financial institutions such as ICICI, IDBI, GIC, LIC, IFCI, SBI, etc.
While stock exchanges are often connected with wealth creation and entrepreneurship, they are much more than a platform for brokers to buy and sell shares of companies. Stock exchanges permit businesses entrance to capital and the opportunity to improve their visibility and public image. It is on account of stock market, that high growth of business and investments are encouraged in the Indian financial field.
Money Maker Research
The majority of the trading in the Indian stock market occurs on its two major stock exchanges, the BSE and NSE – the Bombay Stock Exchange and National Stock Exchange. The former has been in existence since 1875, on the other hand, the latter was established in 1992 and functioned its trading in 1994. Both exchanges keep the same trading process and methodology. Bombay Stock Exchange is the leading and time tested stock exchange in India as well as in Asia, which is a dynamic stock exchange having high volume of listed securities in India. Almost 70% to 80% of all transactions are done in the India through Bombay Stock Exchange.
National Stock Exchange (NSE) has eventually become the largest and most sophisticated stock exchange in India, keeping pace with unmatched technology and its systems and practices. It has now figured the third largest exchange in the world at par with two major exchanges working in the USA.
The NSE keeping screen based trading system with automated order machine. The system gives the whole market updated information, besides providing for concealment of identity of market operations.
Other than these two, a supplementary functional Indian Stock Exchange is known as Over The Counter Exchange of India (OTCEI), located at Mumbai, which was incorporated in 1990. It is also a recognized stock exchange under the Securities Control and Regulation Act 1956, promoted jointly by the financial institutions such as ICICI, IDBI, GIC, LIC, IFCI, SBI, etc.
While stock exchanges are often connected with wealth creation and entrepreneurship, they are much more than a platform for brokers to buy and sell shares of companies. Stock exchanges permit businesses entrance to capital and the opportunity to improve their visibility and public image. It is on account of stock market, that high growth of business and investments are encouraged in the Indian financial field.
Money Maker Research
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