STOCK EXCHANGES IN INDIA

GAYATHRI P

STOCK EXCHANGE• A stock exchange is an exchange where stocks, bonds,

and other securities can be traded• Stock exchanges helps the companies to raise their

fund.

HISTORY OF STOCK EXCHANGE• Established by “East India company” in 18th century . • London stock exchange was the first stock exchange

established by east India company in 18th century in London• In India it was established in 1850 with 22 stock

brokers opposite to town hall Bombay .This stock exchange is known as oldest stock exchange of Asia.

FUNCTIONS OF STOCK EXCHANGES• Provides Liquidity & Marketability to investment in

securities• Pricing of Securities• Contributes to economic growth• Safety of transactions• Providing scope for speculation

MAJOR STOCK EXCHANGES IN INDIANATIONAL STOCK EXCHANGEBOMBAY STOCK EXCHANGECALCUTTA STOCK EXCHANGEMULTI COMMODITY EXCHANGEDERIVATIVES EXCHANGEOTC EXCHANGE PUNE STOCK EXCHANGEINTERCONNECTS EXCHANGE

oEstablished in 1875, BSE (formerly known as Bombay Stock Exchange Ltd.), is Asia's first & the Fastest Stock Exchange in world with the speed of 6 micro seconds and one of India's leading exchange groups. oBSE is a corporatized and demutualised entity, with a broad shareholder-base which includes two leading global exchanges, Deutsche Bourse and Singapore Exchange as strategic partners.o It also has a platform for trading in equities of small-and-medium enterprises (SME). 

**The National Stock Exchange (NSE) is the leading stock exchange in India and the fourth largest in the world by equity trading volume in 2015, according to World Federation of Exchanges (WFE).

**It began operations in 1994 and is ranked as the largest stock exchange in India in terms of total and average daily turnover for equity shares every year since 1995, based on annual reports of SEBI.

• Oldest stock exchange in South Asia.

• It was incorporated in 1908 and is the second largest bourse in India.

• The Calcutta Stock Exchange Ltd was granted permanent recognition by the Government of India with effect from April 14, 1980, under the relevant provisions of the Securities Contracts (Regulation) Act, 1956.

• Pune Stock Exchange Ltd. is a company limited by guarantee. • The Exchange was

established on 2nd Sept. 1982 to cater to the needs of the growing investor community in the city.  

• Starting small, with 35 members and a few lac rupees business initially, the exchange has grown tremendously to over 185 members and about 15-20 crores of business daily. Much of the work is computerised with a smooth settlement system. Over 310 companies are listed with the Stock Exchange. 

• MCX, India’s first listed exchange, is a state-of-the-art, commodity futures exchange that facilitates online trading, and clearing and settlement of commodity futures transactions• Thereby providing a platform

for risk management. • The Exchange, which started

operations in November 2003, operates under the regulatory framework of Securities and Exchange Board of India (SEBI).

OTCEI• The OTC Exchange Of India (OTCEI), also known as the

Over-the-Counter Exchange of India, is based in Mumbai, Maharashtra. It is India's first exchange for small companies, as well as the first screen-based nationwide stock exchange in India.