A stock exchange is a prearranged market for buying and selling shares and securities.
Second largest share holding population is India. First is United States of America.
There are 23 stock exchanges in India. 21 are regional and 2 are national.
Two National Stock Exchanges in India is OTCEI and National Stock Exchange (NSE).
OTCEI : Over The Counter Exchange of India. It was incorporated under the provisions of the Companies Act 1956 as a public limited company. It is a recognised stock exchange under the SCR Act.
OTCEI is promoted by Unit Trust of India, Industrial Credit & Investment Corporation of India, the Industrial Development Bank of India, the Industrial Finance Corporation of India and others.
What is MIBOR & MIBID
Ans: On June 15, 1998, National Stock Exchange was launched two new Reference Rates for the loans of Inter-Bank Call Money Market. These rates are MIBOR (Mumbai Inter-Bank Offer Rate) and MIBID (Mumbai Inter-Bank Bid Rate). MIBOR should be the sign of lending rate for loans at the same time MIBID should be the lending rate for receipts.
National Stock Exchange (NSE)
NSE is established in 1992 in Mumbai
It is the third principal Stock Exchange around the world in terms of the quantity of trades in equities. It is also the Second fastest growing stock exchange in the world with a recorded growth of 16.6%.
National Stock Exchange Index is NIFTY (National Index Fifty).
Bombay Stock Exchange (BSE)
BSE was earlier known as "The Native Share & Stock Brokers Association."
It was established in 1875.
First Stock Exchange in India is BSE.
Asia's first stock exchange is also BSE.
Bombay Stock Exchange operates in Dalai Street.
Bombay Stock Exchange Index is SENSEX. The name SENSEX was proposed by Deepak Mohani.
Cochin Stock Exchange (CSE) was established in 1978.
BSE introduced computer online trading named BOLT - BSE Online Trading in May 1995.
Delhi Stock Exchange also adopted DOTS (Delhi Online Trading System) from January 29, 1996.
A new online share market: MCX-SX has become functional in India. It was started in Mumbai on February 9, 2013. It is country's third online trading stock exchange after BSE and NSE.
The Bombay Stock Exchange (BSE), Taqwaa Advisory and Shariah Investment jointly have begun the BSS TASIS SHARlAH 50 Index since December 27, 2010. It is also called Islamic Equity Index.
The index is the first shariah index formed in India makes use of the harsh rule and local proficiency of a domestic Shariah Advisory Board.
The index consists of the 50 principal and nearly all liquid shariah compliant stocks in the BSE 500.
SEBI
SEBI is Securities and Exchange Board of India. SEBI regulate the working of the Stock Exchange. It was set up on April 12th 1988. It was made a statutory body on January 30, 1992.
Unit Trust of India
Unit Trust of India was established in 1964. It is the first mutual fund in India.
First private sector bank set up under RBI guidelines: UTI Bank Ltd (1994). Now it was renamed as Axis Bank.
Interesting Facts about Share Market in India
‘Bear Market’ is the situation, when the Share Market index drops. ‘Bull Market’ is known as the raise of Share Market index.
The Bombay Stock Exchange (BSE) established in 1875 is the most oldest in Asia.
The Share Market Index of Bombay Stock Exchange is called as ‘BSE Sensex’ (from 1986). There are 30 companies listed in the BSE Sensex. The short form of ‘Sensitive Index’ is SENSEX.
The term ‘Sensex’ was first instructed by ‘Deepak Mohoni’.
Mumbai Stock Exchange is located at Dalal street of Mumbai. The institution is working at ‘Phiroze Jeejeebhoy Towers’ . It was in 1956, the central government accepted Mumbai Stock Exchange as nation’s first Share Market.
The first company to register in Bombay Stock Exchange is DSP (D.S.Prabhu Das and company).
It was in 1992 November, National Stock Exchange of India is established. In 1993 April, it become Stock Exchange. It is located at Mumbai.
The National Stock Exchange Index is simply called as Nifty. There are a total of 50 companies were listed in National Stock Exchange.
The first Stock Exchange of Kerala is established in 1978 in Kochi.
SEBI – Securities and Exchange Board of India is the institution for controlling and uniting the activities of Share Market in India. It was in 1988, SEBI is established and in 1992, it legally became an establishment.
The headquarters of SEBI is located at Mumbai.
The institution which released Stocks and Bonds for first time in world is ‘Dutch East India Company’ in 1602.
The NASDAQ of America is the first Electronic Share Market of World. (NASDAQ – National Association of Security Dealers Automated Quotations).
New York Stock Exchange (NYSE) is the biggest share market in the world, according to the daily handling of Dollar Value.
New York Stock Exchange has the nickname, ‘Big Board’. Dr Johns Industrial Average is the main Share Index.
It was in the wall street of America, New York Stock Exchange is located.
It was in the Tokyo Stock Exchange of Japan, most of the companies share market is listed. Here the index was ‘Nikkei’ and ‘Pix’.
FTSE – 100 is the London Stock Exchange’s index. Shanghai – A is the main Share Index of China.
‘Cemex’ is the share index of Singapore and ‘Hang Seng’ is the share index of Hongkong.
Mahanagar Telephone Nigam Limited (MTNL) is the Indian public sector institution, which got a place in the list of New York Stock Exchange.
The first Indian company which is listed in NASDAQ is Infosys.
Infosys (2006) is the first Indian company which got a place in the ‘NASDAQ - 100’ list, which consists of famous companies of world.
