NSE & BSE

By Ankit Chauhan

NSE

Board of Directors
Mr. Ravi Narain
National Stock Exchange of India Limited
Managing Director
Ms. Chitra Ramkrishna
National Stock Exchange of India Limited
Joint Managing Director
[Shareholder Director ]

Type
Location
Founded
Owner

Currency
No. of listings
Website

Stock Exchange
Mumbai, India
1992
National Stock Exchange of India
Limited
INR
More than 2000
www.nse-india.com

INTRODUCTION
The national stock exchange of India was promoted
by leading financial institution at the order of
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 contract(Regulation) Act,
1956NSE commenced operation in June 1994
The capital market segment of the NSE commenced
operation in November 1994 ,while operation in the
derivatives segment in June 2000

PURPOSE
Establishing a National wide trading facility for all
type of securities.
Ensuring equal access to investor all over the country
through an appropriate communication network.
Providing for a Fair, efficient and transparent
securities market using electronic Trading system.
Enabling shorter Settlement cycles.
Meeting up with international benchmark and
standard

Trading schedule
Trading takes place on all days of the week except
Saturdays & Sundays. The market timings are as follows:
(1) Pre-open session (Regular)
Order entry & modification Open: 09:00 hrs
Order entry & modification Close: 09:08 hrs*
*with random closure in last one minute. Pre-open order
matching starts immediately after close of pre-open order
entry.
(2) Pre-open Session for IPO and Relist Securities
Order entry & modification Open: 09:00 hrs
Order entry & modification Close: 09:45 hrs*
*with random closure in last one minute. Pre-open order
matching starts immediately after close of pre-open order
entry.

(3) Regular trading session

Normal Market Open: 09:15 hrs
Normal Market Close: 15:30 hrs
Block deal session is held between 09:15 hrs and
09:50 hrs.
(4) The Closing Session is held between 15.40 hrs
and 16.00 hrs.
The Exchange may also extend, advance or reduce
trading hours when its deems fit and necessary.

ADVANTAGES
WIDER ACCESSIBILITY
SCREEN BASED TRADING
NON-DISCLOSURE OF THE TRADING MEMBERS
IDENTITY
TRANSPARENT TRANSACTION
MATCHING OF ORDERS
TRADING IN DEMATERIALISED FORM

Raising capital for businesses

Mobilizing savings for investment
Facilitating company growth
Profit sharing
Corporate governance
indicator of the economy

Mile Stones
November 1992 Incorporation
April 1993 Recognition as a stock exchange
October 1995 Became largest stock exchange in the
country
April 1996 Launch of S&P CNX Nifty
November 1997 Best IT Usage award by Computer
Society of India.
May 1998 Launch of NSE's Web-site: www.nse.co.in

 February 2000 Commencement of Internet Trading

June 2000 Commencement of Derivatives Trading
(Index Futures)
January 2002 Launch of Exchange Traded Funds
(ETFs)
June 2007 NSE launches derivatives on Nifty Junior &
CNX 100.
August 2008 Launch of Currency Derivatives
November 2009 Launch of Mutual Fund Service
System
February 2010 Launch of Currency Futures on
additional currency pairs

Indices

NSE has launched several stock indices, including:

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)

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 LENDING & BORROWING

Eligibility Criteria for Listing

IPOs by Companies
1. The paid up equity capital of the applicant shall
not be less than Rs. 10 crores and the
capitalisation of the applicants equity shall not
be less than Rs. 25 crores
2. The Issuer shall have adhered to conditions
precedent to listing as emerging from interaliance from Securities Contracts (Regulations)
Act 1956, Companies Act 1956, Securities and
Exchange Board of India Act 1992.
3. At least three years track record.

Certifications

NSE also conducts online examination and

awards certification, under its programmes of
NSE's Certification in Financial Markets
(NCFM). Currently, certifications are available in
19 modules, covering different sectors of
financial and capital markets. Branches of the
NSE are located throughout India.

BSE

Board of Directors
Non-Executive Chairman :
Mr. S. Ramadorai
Public Interest Director
Vice Chairman
Tata Consultancy Services Ltd

About
Original named as The Native Share & Stock
Brokers Association
Established : 1875
Location : mumbai
work on bid-ask quote
In 1995 its fully computerized system (screen-based
system)
In 1996 SEBI permitted BSE to extend its BOLT
network outside of mumbai.

 About 5,092 listed companies

total market capitalization of around 59 trillion
Rupees
currently ranking around number four in terms of
annual transactions.
SENSEX is major index of BSE
SENSEX comprise 30 scripts from different sectors.
Other important indices originating from the Bombay
exchange include the BSE 100, BSE 500, BSEPSU,
BSEMIDCAP, BSESMLCAP, and BSEBANKEX.

BSE Hours of Operation

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

Login 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 - 16:35
Margin Session: 16:35 - 16:50
Query Session: 16:50 - 17:35
End of Day Session:17:35

Various stock exchange in india

Bombay Stock Exchange (BSE)

National Stock Exchange of India (NSE)
Indian Commodity Exchange (ICEX)
United Stock Exchange of India (USE)
Multi Commodity Exchange (MCX)
Over the Counter Exchange of India (OTCEI)
Inter-connected Stock Exchange of India (ISE)
Madras Stock Exchange (MSE)
Ahmedabad Stock Exchange (ASE)
Bhubaneshwar Stock Exchange (BhSE)

Cochin Stock Exchange (CSE)

Hyderabad Stock Exchange (HSE)
Calcutta Stock Exchange (CSE)
Delhi Stock Exchange (DSE)
Bangalore Stock Exchange
Madhya Pradesh Stock Exchange, Indore
Jaipur Stock Exchange (JSE)
Magadh Stock Exchange, Patna
UP Stock Exchange (UPSE)
Vadodara Stock Exchange,Vadodara (VSE)

By ANKIT CHAUHAN
MBA sem-III(ITM, vadodara)