National Stock Exchange: Banking Awareness Special Series

Established: 1992

Chairman: Girish Chandra Chaturvedi

HQ: Mumbai, India

               National Stock Exchange (NSE) is the leading stock exchange of India which is located in Mumbai, India. It is the first electronic exchange in the country.

               National Stock Exchange was the first exchange in the country to provide a modern and fully automated screen-based electronic system that offered easy trading facilities to investors. NSE has a market capitalization of more than US 2.27 US trillion, which makes it the 11^th largest stock exchange in the world. NSE launched the NIFTY 50 Index in 1996. According to the Bimal Jalan Committee report estimated that only 1.3 percent of India’s population participates in India which is very low participation compared with the US 27% and China 10%. A group of leading Indian financial institutions had set up NSE with consultation of the Government of India to bring transparency to the Indian Capital Market. NSE offers trading, clearing, and settlement in equity, derivatives, debt, commodity derivatives, and currency derivatives segments. -NSE was the first exchange in India to develop an electronic trading facility in the country. The National Securities Depository Limited was created by NSE which gives the facility to Investors to securely hold and transfer their shares and bonds electronically. NSE has introduced a new initiative for small and medium-sized enterprises and start-up companies in India to be get listed on NSE without an IPO (Initial Public Offering).

               Different Indices of NSE are NIFTY 50, NIFTY NEXT 50, and NIFTY 500. NSE conducts online examination and awards certification under its Certification in Financial Markets (NCFM) Programmes.