NSE & BSE 1

NSE & BSE

NSE & BSEBy Vishal Vineet Priyanka Shiva jiNSE

Board of Directors

Mr. Ravi NarainNational Stock Exchange of India LimitedManaging DirectorMs. Chitra RamkrishnaNational Stock Exchange of India LimitedJoint Managing Director[Shareholder Director ]

Type Stock Exchange Location Mumbai, India Founded 1992 Owner National Stock Exchange of India Limited Currency INR No.oflistings More than 2000Website www.nse-india.com

INTRODUCTIONThe 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 1994The capital market segment of the NSE commenced operation in November 1994 ,while operation in the derivatives segment in June 2000

PURPOSEEstablishing 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 hrsOrder 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 SecuritiesOrder entry & modification Open: 09:00 hrsOrder 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 sessionNormal Market Open: 09:15 hrsNormal Market Close: 15:30 hrsBlock 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 ACCESSIBILITYSCREEN BASED TRADINGNON-DISCLOSURE OF THE TRADING MEMBERS IDENTITYTRANSPARENT TRANSACTIONMATCHING OF ORDERSTRADING IN DEMATERIALISED FORM

ROLE

Raising capital for businessesMobilizing savings for investmentFacilitating company growthProfit sharingCorporate governanceindicator of the economy

Mile Stones

November 1992 IncorporationApril 1993 Recognition as a stock exchangeOctober 1995 Became largest stock exchange in the countryApril 1996 Launch of S&P CNX NiftyNovember 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 TradingJune 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 DerivativesNovember 2009 Launch of Mutual Fund Service SystemFebruary 2010 Launch of Currency Futures on additional currency pairs

IndicesNSE has launched several stock indices, including:S&P CNX Nifty(Standard & Poor's CRISIL NSE Index)CNX Nifty JuniorCNX 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)

MarketsCurrently, NSE has the following major segments of the capital market:EquityFutures and OptionsRetail Debt MarketWholesale Debt MarketCurrency futuresMUTUAL FUNDSTOCKS LENDING & BORROWING

Eligibility Criteria for Listing

IPOs by Companies

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 croresThe Issuer shall have adhered to conditions precedent to listing as emerging from inter-aliance from Securities Contracts (Regulations) Act 1956, Companies Act 1956, Securities and Exchange Board of India Act 1992.At least three years track record.

CertificationsNSE 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. RamadoraiPublic Interest DirectorVice ChairmanTata Consultancy Services Ltd

18AboutOriginal named as The Native Share & Stock Brokers AssociationEstablished : 1875Location : mumbaiwork on bid-ask quoteIn 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 companiestotal market capitalization of around 59 trillion Rupeescurrently 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 - 9:00Login Session: 9:00 - 9:15Trading Session: 9:15 - 15:30Position Transfer Session: 15:30 - 15:50Closing Session: 15:50 - 16:05Option Exercise Session: 16:05 - 16:35Margin Session: 16:35 - 16:50Query Session: 16:50 - 17:35End of Day Session:17:35

Various stock exchange in indiaBombay 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 ExchangeMadhya Pradesh Stock Exchange, IndoreJaipur Stock Exchange(JSE)Magadh Stock Exchange, PatnaUP Stock Exchange(UPSE)Vadodara Stock Exchange,Vadodara (VSE)

By vishal bhardwaj (Ibs gurgaon)