The National Stock Exchange of India Limited (NSE)
The National Stock Exchange of India Limited (NSE) is the leading stock exchange of India, located in Mumbai. The NSE(National Stock Exchange) was established in 1992 as the first dematerialized electronic exchange in the country. NSE(National Stock Exchange) was the first exchange in the country to provide a modern, fully automated screen-based electronic trading system which offered the easy trading facility to the investors spread across the length and breadth of the country. Vikram Limaye is Managing Director & Chief Executive Officer of NSE(National Stock Exchange).
National Stock Exchange has a total market capitalization of more than US$2.27 trillion, making it the world’s 11th-largest stock exchange as of April 2018. NSE’s flagship index, the NIFTY 50, the 50 stock index is used extensively by investors in India and around the world as a barometer of the Indian capital markets. Nifty 50 indexes were launched in 1996 by the NSE. However, Vaidyanathan (2016) estimates that only about 4% of the Indian economy / GDP is actually derived from the stock exchanges in India.
NSE was set up by a group of leading Indian financial institutions at the behest of the government of India to bring transparency to the Indian capital market. Based on the recommendations laid out by the Pherwani committee, NSE has been established with a diversified shareholding comprising domestic and global investors.
Trading on the equities segment takes place on all days of the week (except Saturdays and Sundays and holidays declared by the Exchange in advance). The market timings of the equities segment are:
Order entry & modification Open: 09:00 hrs
Order entry & modification Close: 09:08 hrs*
*with random closure in last one minute. Pre-open order matching starts immediately after the close of pre-open order entry.
Regular trading session
Normal/Retail Debt/Limited Physical Market Open: 09.15 hrs
Normal/Retail Debt/Limited Physical Market Close: 15:30 hrs.
NSE(National Stock Exchange) offers trading and investment in the following segments
- Mutual Funds
- Exchange-Traded Funds
- Initial Public Offerings
- Security Lending and Borrowing Scheme etc.
- Equity Derivatives (including Global Indices like CNX 500, Dow Jones and FTSE )
- Currency Derivatives
- Commodity Derivatives
- Interest Rate Futures