Indian stock exchanges

The Indian stock exchanges.

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When we Discuss Indian stock exchanges, most of the investors and traders have heard of only two stock exchanges in India – the Bombay stock exchange (BSE) and the National stock exchange (NSE). but the list of Indian stock exchanges is bigger than just two names. As per SEBI, in India 9 active stock exchanges are functioning as per SEBI records.

A stock exchange is a place where trading of securities, derivatives, commodities, and other financial Instruments are happening. here buyers and sellers are buying and selling their stocks/financial instruments each other.stock exchanges functions according to the rules and regulations of the controlling body and government. also, A stock exchange plays an important role in every nation`s financial backbone, every country treats its stock exchanges as a benchmark of their economy.

In this article, we will discuss major stock exchanges in India which are registered with the Securities and exchange board of India (SEBI) and are currently active.

Also read: Largest stock exchanges in the world

Difference between stock and commodity exchanges?

The stock exchange is a place where equity shares, derivatives, bonds, etc are bought and sold among the traders. On the other hand, a commodity exchange is a market where, agricultural goods, crude oil,gold,silver,natural gas, etc are traded among the Traders.

List of stock exchanges in India.

noName of Stock exchangeWebsiteRecognition
valid upto
1Bombay Stock Exchange (BSE) http://www.bseindia.comPERMANENT
2National Stock Exchange (NSE) PERMANENT
3Calcutta Stock Exchange (CSE) http://www.cse-india.comPERMANENT
4Metropolitan Stock Exchange of India Ltd.(MSEI) http://www.msei.in15-SEP-2021
5India International Exchange (India INX)http://www.indiainx.com28-DEC-2020
6NSE IFSC Ltd.https://www.nseifsc.com28-MAY-2021
7Multi Commodity Exchange of India Ltd (MCX)https://www.mcxindia.comPERMANENT
8Indian commodity Exchange ltd (ICEX) http://www.icexindia.comPERMANENT
9National Commodity & Derivatives Exchange Ltd.http://www.ncdex.comPERMANENT
Source: SEBI Official

Also read: Former stock exchanges of India

1. Bombay Stock Exchange (BSE)

BSE is an Indian stock exchange Established in 1875, located at Dalal Street, Mumbai BSE is the oldest and first stock exchange of Asia. It is one of the two principal large stock exchanges of India and was founded by Mr. Premchand Roychand. the story of BSE starts back in the 1850s when 22 stockbrokers would gather under banyan trees in front of Mumbai’s Town Hall. The location of these meetings changed multiple times to accommodate an increasing number of brokers. The group eventually moved to Dalal Street in the year 1874. In the year 1986, Sensex was introduced, as the first equity index to provide a base for identifying the top 30 trading companies of the exchange, in more than 10 sectors.

Apart from Sensex, other important indices of BSE are BSE 100, BSE 200, BSE 500, BSE MIDCAP, BSE SMLCAP, BSE PSU, BSE Auto, BSE Pharma, BSE FMCG, BSE Metal, etc.

2. National Stock Exchange (NSE)

NSE is the youngest stock exchange of India which came into the picture in the year 1992 and operates with a vision, “To continue to be a leader, establish a global presence, and facilitate the financial well-being of people. In 1992, for the very first time in India, NSE introduced the advanced electronic trading system which removed the paper-based settlement system from trading and offered an easy trading facility. One year later, in the year 1993, NSE was set up as a tax-paying company, which later on registered itself as a Stock Exchange under the Securities Contract Regulation Act. Nifty 50 the popular benchmark index in the Indian stock market, was introduced by NSE in the same year.

Nifty lists out the top 50 companies that traded on the NSE stock exchange market. other important indices are NIFTY BANK, NIFTY IT, NIFTY METAL, etc.

3. Calcutta Stock Exchange (CSE)

CSE is a regional stock exchange (RSE) located at the Lyons Range, Kolkata, and is the second oldest stock exchange in South East Asia. Incorporated in 1908, CSE is the second-largest Stock Exchange in India. In the year 1980, it was granted permanent recognition by the Government of India under the relevant provisions of the Securities Contracts (Regulation) Act, 1956.

While nearly 20 regional stock exchanges have voluntarily exited in the face of SEBI’s stringent regulations against RSEs, CSE continues to fight a lone battle and it is still functioning.

4. Metropolitan Stock Exchange (MSE)

MSE was recognized by SEBI on 16 September 2008 and is valid till 15 September 2019. MSE offers a hi-tech platform to trade in the capital market, futures & options, currency derivatives, and debt market segments of the Indian market.It was recognized by SEBI on 16th September 2008.

Shareholders of MSE include Indian public sector banks, private sector banks, investors, and domestic financial institutions that are subjecting to CAG Audit. It has come out with a “Manifesto of Change”, which is a roadmap of what the stock exchange intends to achieve in terms of driving market development and inclusive growth over the next 10 years.

5. India International Exchange (India INX)

India INX Opened in January 2017, India INX is India’s first international stock exchange. It is a wholly-owned subsidiary of the Bombay Stock Exchange (BSE) and is located at the International Financial Services Centre (IFSC), GIFT City in Gujarat. importantly, It is claimed to be the world’s most advanced technology platform with a turn-around time of 4 microseconds which operates 22 hours a day and six days a week.

Because of these timings, international investors and Non-Resident Indians (NRIs) can trade from anywhere across the globe at their preferred timings.Also, India INX launched Global Securities Market, India’s first international primary market platform that connects global investors with Indian and foreign issuers.

6. NSE IFSC Ltd.

NSE IFSC Limited (NSE International Exchange) incorporated on 29th November 2016, is a wholly-owned subsidiary of the National Stock Exchange (NSE) and is located at the International Financial Services Centre (IFSC), GIFT City in Gujarat. It has been launched to grow the financial market as well as expected to bring capital into India. It is permitted to offer trading in securities in any currency other than the Indian rupee.

7.Multi Commodity Exchange of India Ltd (MCX)

Multi Commodity Exchange of India Ltd is an independent Commodity based in India. It was established in 2003 and is based in Mumbai. MCX is India’s largest commodity derivatives exchange. It has also affected large deliveries in domestic commodities, signifying the efficiency of price discovery. MCX is well placed to tap the immense potential poised by the commodities market as it is a nation-wide commodity exchange having state-of-the-art infrastructure.

8.Indian commodity Exchange ltd (ICEX)

Indian Commodity Exchange Limited is a SEBI regulating online Commodity Derivative Exchange. Headquartered at Mumbai, it provides a nationwide trading platform through its appointed brokers. ICEX aims to provide futures trading products in India’s all economically relevant commodity. The Company offers a trading platform for derivatives of precious metals, industrial metals, spices, oil complexes, energy products, fibers, and various agricultural products. ICEX serves farmers, traders, and actual users in the Indian market.

9.National Commodity & Derivatives Exchange Ltd. (NCDEX)

National Commodity & Derivatives Exchange Limited is an online commodity exchange based in India. the headquarters of NCDEX at Mumbai. it has offices in Delhi, Ahmedabad, Indore, Hyderabad, Jaipur, and Kolkata. It has an independent board of directors and provides a commodity exchange platform for market participants to trade in commodity derivatives. also, NCDEX facilitates deliveries of commodities through a network of over 594 accredited warehouses through eight warehouse service providers, withholding capacity of around 1.5 million tonnes, and offers average deliveries of 1 lakh MT at every contract expiry.

Which exchange you should choose?

choosing the stock exchange is a purely personal choice however NSE and BSE are widely using by the traders and investors as they operate at the national level. Some companies are only listed in BSE. in such cases there are no other options you have. however, if a company is listing in more than one exchange it depends on investors’ choice.

Final thoughts.

Indian stock exchanges are are rapidly growing. Introduction of NSE in 1992 was a revolutionary change in the history of Indian stock exchanges. In this modern era of fintech stock exchanges are making maximum use of it. any one can easily open and invest in stock market.

as we are discussing, there are 9 active stock exchanges are there in India. but NSE and BSE are the most known and using Exchanges. u can find the list of the active stock exchange in this post, also their official website. checking that will help you to understand more about each exchange. from knowing only NSE and BSE, we ended with knowing 9 active stock exchanges in India registered with SEBI.

I hope this post helped you to understand more about Indian stock exchanges.

knowledge is power.

Happy investing

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