What is National Stock Exchange (NSE) of India? - Definition from WhatIs.com


National Stock Exchange (NSE) of India

Part of the Business terms glossary:

The National Stock Exchange (NSE) is a stock exchange in India.

Set up in November 1992, NSE was India's first fully automated electronic exchange with a nationwide presence. The exchange, unlike Bombay Stock Exchange (BSE), was the result of the recommendations of a high-powered group set up to study the establishment of new stock exchanges, which would operate on a pan-India basis. Its shareholders consist of 20 financial institutions including state-owned banks and insurance companies.

Headquartered in Mumbai, NSE offers capital raising abilities for corporations and a trading platform for equities, debt, and derivatives --  including currencies and mutual fund units. It allows for new listings, initial public offers (IPOs), debt issuances and Indian Depository Receipts (IDRs) by overseas companies raising capital in India.

S&P CNX Nifty is the benchmark index introduced by NSE. Some of its other indices are CNX Nifty Junior, India VX, S&P CNX Defty, S&P CNX 500, etc. The exchange offers clearing and settlement services through its wholly-owned unit, the National Securities Clearing Corporation set up in 1995. The other main subsidiaries/ associate companies of NSE include the National Commodity Clearing, National Securities Depository (which is the repository of all securities in electronic form), and National Commodity and Derivatives Exchange.


This was last updated in September 2012
Posted by: Margaret Rouse

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