Indian Stock Market

The Indian Stock Market is one of the old and rapidly growth stock exchange in the world. The financial market in India is growing rapidly and is expected to emerge as one of the leaders in the International arena very soon. It offers variety of investment opportunities to individuals looking to invest their capital. There are 23 stock exchanges in India. Among them two are national-level stock exchanges namely Bombay Stock Exchange(BSE) and National Stock Exchange(NSE). The rest are Regional Stock Exchanges(RSE’s). The BSE is India’s oldest stock exchange established in 1875. The NSE was found in 1992 and started trading in 1994, and the NSE is the largest in volume. India’s exchanges are regulated by the Securities Exchange Board of India(SEBI). The three major stock indices in India are Nifty 50, Sensex, and Bank Nifty, representing the overall market, blue-chip companies, and the banking sector respectively.

 

NSE (National Stock Exchange)

 

Companies overview

National Stock Exchange of India (NSE) is the world’s largest derivatives exchange by trading volume (contracts) as per the statistics maintained by Futures Industry Association (FIA) for calendar year 2023. NSE is ranked 3rd in the world in equity segment by number of trades(electronic order book) in 2023, as per the statistics maintained by World Federation of Exchanges (WFE). NSE was the first exchange in India to implement electronic and screen-based trading. 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 years since 1995, based on SEBI data. NSE has a fully integrated business model comprising exchanges listings, trading services, clearing and settlement services, indices, market data feeds, technology solutions and financial education offerings. NSE also oversees compliance by trading, clearing members and listed companies with the rules and regulations of SEBI and the exchange. NSE is a pioneer in technology and ensures the reliability and performance of its systems through a culture of innovation and investment in technology.

Purpose, Vision & Values

• Purpose : Committed to improve the financial well-being of people.
• Vision : To continue to be a leader, facilitate the financial well-being of people.
• Values : NSE is committed to core values – Integrity, Customer Focused Culture, Trust, Respect and Care for the Individual, Passion for Excellence, Teamwork.

NSE Offered Products

• Equities : Equity and equity-linked products available for trading in the cash market include stocks, IDRs, ETFs (Including those benchmarked the NIFTY Indices) and units of closed-ended mutual fund schemes, as well as a segment devoted to the growth of the SME’s listed on EMERGE.
• Derivatives : Under the Derivatives segment, NSE offers derivative contracts on Equity, Indices, Currency, Interest Rates and Commodities.
• Fixed Income & Debt : The Fixed Income Securities and Debt Products include Negotiated Trade Reporting in Government securities, Corporate Bonds, Sovereign Gold Bonds and other debt securities traded on multiple platforms.

NSE Group Companies

1. NSE Academy
2. NSE Clearing
3. NSE Data & Analytics
4. NSE Foundation
5. NSE Indices
6. NSE International Exchange
7. NSE International Clearing
8. NSE Investments
9. NSEIT
10. NSE Infotech
11. NSE Cogencis
12. NSE NSEIT
13. AUJAS Cybersecurity (An NSEIT Company)
14. Cloud Exchange (An NSEIT Company)
15. NSE Talent Sprint
16. NSE Administration & Supervision
17. NSE Sustainability Ratings & Analytics

BSE (Bombay Stock Exchange)

 

 

 

Companies overview

Established in 1875, BSE (Formerly known as Bombay Stock Exchange), is Asia’s first and Fastest Stock Exchange in world with the speed of 6 micro seconds and one of India’s leading exchange groups. Over the past 143 years, BSE has facilitated the growth of the Indian corporate sector by providing it an efficient capital-raising platform. Popularly known as BSE, the bourse was established as ‘The Native Share & Stock Brokers’ Association in 1875. In 2017 BSE become the 1st listed stock exchange of India.

Today BSE provides an efficient and transparent market for trading in equity, currencies, debt instruments, derivatives, mutual funds. BSE SME is India’s largest SME platform which has listed over 250 companies and continues to grow at a steady pace.

BSE STAR MF is India’s largest online mutual fund platform which process over 27 lakh transactions per month and adds almost  2 lakh new SIP’s every month. BSE Bond, the transparent and efficient electronic book mechanism process for private placement of debt securities, is the market leader with more than Rs 2.09 lakh crore of fund raising from 530 issuances. (F.Y. 2017-2018).

Keeping in line with the vision of Shri Narendra Modi, Hon’be Prime Minister of India, BSE has launched India INX, India’s 1st International exchange, located at GIFTY CITY IFSC in Ahmedabad.

Indian Clearing Corporation Limited, a wholly owned subsidiary of BSE, acts as the central counterparty to all trades executed on the BSE trading platform and provides full novation, guaranteeing the settlement of all bonafide trades executed.

BSE Institute Ltd, another fully owned subsidiary of BSE runs one of the most respected capital market educational institutes in the country.

BSE has also launched BSE Sammaan, the CSR exchange, is a 1st of its kind initiative which aims to connect corporate with verified NGO’s.

BSE’s popular equity index – the BSE SENSEX – is India’s most widely tracked stock market benchmark index. It is traded internationally on the EUREX as well as leading exchanges of the BRCS nations (Brazil, Russia, China and South Africa).

Vision

• “Emerge as the premier Indian Stock exchange with best-in-class global practice in technology, products innovation and customer service.”

BSE Group Companies

1. BSE Technologies Pvt Ltd
2. BSE Institute
3. BSE administration & Supervision Ltd. (BASL)
4. Central Depository Services (CDSL)
5. Indian Clearing Corporation Limited (ICCL)
6. India International Exchange IFSC Limited (India INX)
7. India International Clearing Corporation (IFSC) Limited (India ICC)

 

SEBI (Securities and Exchange Board of India)

Full Name	Securities and Exchange Board of India
Type	Regulatory agency
Established	12 April, 1988
Headquarters	Mumbai, Maharashtra
Employee	980 (As of 2022)
Chairperson	Madhabi Puri Buch
Parent Department	Ministry of Finance, Government of India
Child Agencies	Forward Market Commission Association of Mutual Funds of India National Securities Depository Limited Central Depository Services Limited list item 2 list item 3
Regional Office	Northern : New Delhi Eastern : Kolkata Southern : Chennai Western : Ahmedabad
Website	sebi.gov.in

Establishment of SEBI

The Securities and Exchange Board of India was constituted as a non-statutory body on April 12, 1988 through a resolution of the Government of India.

The Securities and Exchange Board of India was established as a statutory body in the year 1992 and the provisions of the Securities and Exchange Board of India Act, 1992 came into force on January 30, 1992.

Preamble

The Preamble of the Securities and Exchanges Board of India describes the basic functions of the Securities and Exchange Board of India as “…..to protect the interests of investors in securities and to promote the development and to regulate the Securities market and for matters connected therewith or incidental thereto”

 

All Departments

1. Alternative Investment Fund and Foreign Portfolio Investors Department
2. Corporation Finance Department
3. Corporation Finance Investigation Department
4. Department Economic and Policy Analysis
5. Department of Debt and Hybrid Securities
6. Enforcement Department – 1
7. Enforcement Department – 2
8. Enquiries and Adjudication Department
9. General Services Department
10. Recovery and Refund Department
11. Human Resources Department
12. Information Technology Department
13. Integrated Surveillance Department
14. Investigations Department
15. Investment Management Department
16. Legal Affairs Department – 1
17. Legal Affairs Department -2
18. Market Intermediaries Regulation and Supervision department
19. Market Regulation Department
20. Office of International Affairs
21. Office of Investor Assistance and Education
22. Office of the Chairperson
23. Quasi-Judicial Cell
24. Regional Offices
25. Vigilance Department

 

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