The Indian stock market is one of the earliest and busiest in the world. A few stock exchanges in India even rank among the top in the world. A stock exchange is an organized platform that facilitates the buying and selling of stocks for stock traders, stock brokers, etc. People invest in equity, mutual funds, bonds, and more through the companies listed on stock exchanges. Let’s take a look at the top stock exchanges of India.
Bombay Stock Exchange:
The history of the Bombay Stock Exchange or BSE as it is famously known today, dates back to the pre-independence era. Currently situated in Delhi, it was originally founded in Mumbai in 1857 by a group of merchants and stockbrokers. Bombay Stock Exchange, which is even older than NSE India, is one of the oldest stock exchanges in the world and the oldest one in Asia. It is among the top choices for traders to invest and for companies to raise capital because of its popularity and extensive market.
National Stock Exchange:
The National Stock Exchange, or NSE, is another one of India’s as well as the world’s top stock exchanges. It was established in 1993 in Mumbai on the recommendation of a committee appointed by the Government of India to ensure transparency of the Indian equity market. By trading volume, it is the largest derivatives exchange market in the world. Traders keep a close eye on ‘NSE Option Chain Live’ as well as other indices to gain the latest market knowledge. The NIFTY 50 list of companies is another popular instrument of the NSE in the financial market.
Calcutta Stock Exchange:
The Calcutta Stock Exchange, or CSE, is also among the oldest stock exchanges in India. Though trading in Kolkata started in the 1830s, CSE was founded in 1863 and achieved the government’s permanent recognition in 1980. Like the other two mentioned above, the Calcutta Stock Exchange used to be popular, offering options and future trading, among other services. However, due to some non-compliance issues, SEBI suspended its activities in 2013, and the case is still ongoing.
India International Exchange:
India International Exchange, or INX, is a relatively new exchange in the market, launched in 2017. It was started as a subsidiary of the Bombay Stock Exchange. It is gaining popularity among traders due to its high speed, which has earned it the title of being the fastest exchange in the world. It claims to have a turnaround time of 4 microseconds. If you want to invest through INX as a new investor, make sure that you have a Demat and a trading account.
All these stock exchanges have been influencing the Indian financial system for decades. Some of them continue to impact the market by updating themselves with the latest technology. One can open an account on a mutual fund app and start investing even as a beginner. This ease of entering the market has recently increased the volume of trading.
The Securities and Exchange Board of India (SEBI) regulates all stock exchanges. As a beginner trader, it is essential to keep yourself updated with all trade market-related knowledge.