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10/4/12 National Stock Exchange of India - Wikipedia, the f ree ency clopedia

National Stock Exchange of India


From Wikipedia, the free encyclopedia

Coordinates: 19337N 725135E

The National Stock Exchange (NSE) (Hindi: Rashtriya hare Bzar) is stock exchange located at Mumbai, India. It is in the top 20 largest stock exchanges in the world by market capitalization and largest in India by daily turnover and number of trades, for both equities and derivative trading.[2] NSE has a market capitalization of around US$1 trillion and over 1,652 listings as of July 2012.[3] Though a number of other exchanges exist, NSE and the Bombay Stock Exchange are the two most significant stock exchanges in India, and between them are responsible for the vast majority of share transactions. The NSE's key index is the S&P CNX Nifty, known as the NSE NIFTY (National Stock Exchange Fifty), an index of fifty major stocks weighted by market capitalisation. NSE is mutually owned by a set of leading financial institutions, banks, insurance companies and other financial intermediaries in India but its ownership and management operate as separate entities.[4] There are at least 2 foreign investors NYSE Euronext and Goldman Sachs who have taken a stake in the NSE.[5] As of 2006, the NSE VSAT terminals, 2799 in total, cover more than 1500 cities across India.[6] In 2011, NSE was the third largest stock exchange in the world in terms of the number of contracts (1221 million) traded in equity derivatives.[7] It is the second fastest growing stock exchange in the world with a recorded growth of 16.6%.[8]

National Stock Exchange


National Stock Exchange

Location of National Stock Exchange in India

Contents
1 Origins 2 Markets 3 Trading schedule 4 Milestones 5 Exchange Traded Funds on NSE 6 Certifications 7 References 8 External links
en.wikipedia.org/wiki/National_Stock_Exchange_of _India

Type Stock Exchange Location Mumbai, India Coordinates 19337N 725135E Founded 1992 Owner National Stock Exchange of India Limited Key people Ravi Narain (M D) Currency Indian rupee ( ) No. of listings 1,646
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10/4/12 National Stock Exchange of India - Wikipedia, the f ree ency clopedia

Origins

MarketCap US$1 trillion (Jul 2012)[1] Indexes S&P CNX Nifty CNX Nifty Junior S&P CNX 500

The National Stock Exchange of India was set up by Government of India on the recommendation of Pherwani Committee in 1991.Promoted by leading Financial Website www.nseindia.com institutions essentially led by IDBI at the behest of the (http://www.nseindia.com/) Government of India, it was incorporated in November 1992 as a tax-paying company. In April 1993, it was recognized as a stock exchange under the [[Securities Contracts (Regulation) Act], 1956. NSE commenced operations in the Wholesale Debt Market (WDM) segment in June 1994. The Capital market (Equities) segment of the NSE commenced operations in November 1994, while operations in the Derivatives segment commenced in June 2000.

Markets
Currently, NSE has the following major segments of the capital market: Equities Equities Indices Mutual Funds Exchange Traded Funds Initial Public Offerings Security Lending and Borrowing Scheme Derivatives Equity Derivatives (including Global Indices like S&P 500, Dow Jones and FTSE ) Currency Derivatives Interest Rate Futures Debt Retail Debt Market Wholesale Debt Market Corporate Bonds Equity Derivatives The National Stock Exchange of India Limited (NSE) commenced trading in derivatives with the launch of index futures on June 12, 2000. The futures and options segment of NSE has made a mark for itself globally. In the Futures and Options segment, trading in S&P CNX Nifty Index, CNX IT index, Bank Nifty Index, Nifty Midcap 50 index and single stocks are available. Trading in Mini Nifty Futures & Options and Long term Options on S&P CNX Nifty are also available. The average daily turnover in the F&O Segment of the Exchange
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NSE building at BKC, Mumbai

10/4/12 National Stock Exchange of India - Wikipedia, the f ree ency clopedia

during 2009-10 was ` 72,392 crore (US $ 16,097 million) On August 29, 2011, National Stock exchange launced derivative contracts on the worlds most followed equity indices, the S&P 500 and the Dow Jones Industrial Average. This was the first time that derivative contracts on global indices are available in India. This is the also the first time in the world that futures contracts on the S&P 500 index were introduced and listed on an exchange outside of their home country, USA. The new contracts include futures on both the DJIA and the S&P 500, and options on the S&P 500. The first day volumes at the close of trading on August 29, 2011 at 3.30 pm, on the 2 indices in futures and options contracts was nearly Rs 122 crores (1220 million). On May 3, 2012,The National Stock exchange launched derivative contracts (futures and options) on FTSE 100, the widely tracked index of the UK equity stock market. This was the first of its kind for an index of the UK equity stock market to be launched in India. FTSE 100 includes 100 largest UK listed blue chip companies and has given returns of 17.8 per cent on investment over three years. The index constitutes 85.6 per cent of UKs equity market cap. NSE recorded a volume of 500 crores (5000 million) on the 1st day of trading.[citation needed ] Currency Derivatives In August 2008 currency derivatives were introduced in India with the launch of Currency Futures in USD INR by NSE. It also added currency futures in euros, pounds and yen. Interest Rate Futures were introduced for the first time in India by NSE on 31 August 2009, exactly one year after the launch of Currency Futures. Debt Market NSE became the first stock exchange to get approval for interest rate futures, As recommended by SEBI-RBI committee, on 31 August 2009, a futures contract based on 7% 10 Year Government of India (Notional) was launched with quarterly maturities.[9]

Trading schedule
Trading takes place on all days of the week except Saturdays & Sundays. The market timings are as follows: (1) Pre-open session (Regular) 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 close of pre-open order

entry. (2) Pre-open Session for IPO and Relist Securities Order entry & modification Open: 09:00 hrs Order entry & modification Close: 09:45 hrs *
* with random closure in last one minute.

Pre-open order matching starts immediately after close of pre-open order

entry. (3) Regular trading session Normal Market Open: 09:15 hrs Normal Market Close: 15:30 hrs
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10/4/12 National Stock Exchange of India - Wikipedia, the f ree ency clopedia

Block deal session is held between 09:15 hrs and 09:50 hrs . (4) The Closing Session is held between 15.40 hrs and 16.00 hrs . The Exchange may also extend, advance or reduce trading hours when its deems fit and necessary.

Milestones
November 1992 Incorporation April 1993 Recognition as a stock exchange May 1993 Formulation of business plan June 1994 Wholesale Debt Market segment goes live November 1994 Capital Market (Equities) segment goes live March 1995 Establishment of Investor Grievance Cell April 1995 Establishment of NSCCL, the first Clearing Corporation June 1995 Introduction of centralised insurance cover for all trading members July 1995 Establishment of Investor Protection Fund October 1995 Became largest stock exchange in the country April 1996 Commencement of clearing and settlement by NSCCL April 1996 Launch of S&P CNX Nifty June 1996 Establishment of Settlement Guarantee Fund November 1996 Setting up of National Securities Depository Limited, first depository in India, co-promoted by NSE November 1996 Best IT Usage award by Computer Society of India December 1996 Commencement of trading/settlement in dematerialised securities December 1996 Dataquest award for Top IT User December 1996 Launch of CNX Nifty Junior February 1997 Regional clearing facility goes live November 1997 Best IT Usage award by Computer Society of India May 1998 Promotion of joint venture, India Index Services & Products Limited (IISL) May 1998 Launch of NSE's Web-site: www.nse.co.in July 1998 Launch of NSE's Certification Programme in Financial Market August 1998 CYBER CORPORATE OF THE YEAR 1998 award yes. February 1999 Launch of Automated Lending and Borrowing Mechanism April 1999 CHIP Web Award by CHIP magazine October 1999 Setting up of NSE.IT January 2000 Launch of NSE Research Initiative February 2000 Commencement of Internet Trading June 2000 Commencement of Derivatives Trading (Index Futures) September 2000 Launch of 'Zero Coupon Yield Curve' November 2000 Launch of Broker Plaza by Dotex International, a joint venture between NSE.IT Ltd. and i-flex Solutions Ltd. December 2000 Commencement of WAP trading June 2001 Commencement of trading in Index Options July 2001 Commencement of trading in Options on Individual Securities November 2001 Commencement of trading in Futures on Individual Securities
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10/4/12 National Stock Exchange of India - Wikipedia, the f ree ency clopedia

December 2001 Launch of NSE VaR for Government Securities January 2002 Launch of Exchange Traded Funds (ETFs) May 2002 NSE wins the Wharton-Infosys Business Transformation Award in the Organization-wide Transformation category October 2002 Launch of NSE Government Securities Index January 2003 Commencement of trading in Retail Debt Market June 2003 Launch of Interest Rate Futures August 2003 Launch of Futures & options in CNXIT Index June 2004 Launch of STP Interoperability August 2004 Launch of NSEs electronic interface for listed companies March 2005 India Innovation Award by EMPI Business School, New Delhi June 2005 Launch of Futures & options in BANK Nifty Index December 2006 'Derivative Exchange of the Year', by Asia Risk magazine January 2007 Launch of NSE CNBC TV 18 media centre March 2007 NSE, CRISIL announce launch of IndiaBondWatch.com June 2007 NSE launches derivatives on Nifty Junior & CNX 100 October 2007 NSE launches derivatives on Nifty Midcap 50 January 2008 Introduction of Mini Nifty derivative contracts on 1 January 2008 March 2008 Introduction of long term option contracts on S&P CNX Nifty Index April 2008 Launch of India VIX April 2008 Launch of Securities Lending & Borrowing Scheme August 2008 Launch of Currency Derivatives August 2009 Launch of Interest Rate Futures November 2009 Launch of Mutual Fund Service System December 2009 Commencement of settlement of corporate bonds February 2010 Launch of Currency Futures on additional currency pairs October 2010 Launch of 15-minute special pre-open trading session, a mechanism under which investors can bid for stocks before the market opens.[citation needed ] NSE was promoted by leading Financial Institutions at the behest of the Government of India and was incorporated in November 1992 as a tax-paying company unlike other stock exchanges in the country. 2010-2015200620102001-20051996-20001991-1995 March 22, 2012 NSE and India Post start Unique Financial Inclusion Initiative "Jagruti" March 14, 2012 NSE launches EMERGE SME Platform December 2011 NSCCL Rated CCR AAA for fourth consecutive year - 28th Dec 2011 September 2011 Launch of derivatives on CNX PSE and CNX Infrastructure Indices August 2011 Launch of derivatives on Global Indices July, 2011 Commencement of trading in 91 Day GOI Treasury Bill - Futures January, 2011 NSE receives "Financial Inclusion" Award. For More History and Milestones visit : History and Milestones (http://www.nseindia.com/global/content/about_us/history_milestones.htm) [10] NSE also set up as index services firm known as India Index Services & Products Limited (IISL). About IISL India Index Services & Products Limited (IISL), a joint venture between NSE and CRISIL Ltd. (formerly the Credit Rating Information Services of India Limited), was setup in may 1998 to provide a variety of indices and index related services and products for the Indian capital markets.It has a licensing and marketing agreement with Standard and Poor's (S&P), the world's leading provider of investible equity indices, for co-branding equity
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10/4/12 National Stock Exchange of India - Wikipedia, the f ree ency clopedia

indices. Know more about IISL services : Click here for IISL Products and services (http://www.nseindia.com/supra_global/content/iisl/products_n_serv.htm) These indices are broad-market indices, consisting of the large, liquid stocks listed on the Exchange. They serve as a benchmark for measuring the performance of the stocks or portfolios such as mutual fund investments. S&P CNX Nifty CNX Nifty Junior CNX 100 CNX 200 S&P CNX 500 CNX Midcap $ Nifty Midcap 50 CNX Smallcap Index S&P CNX Defty S&P CNX Nifty Dividend CNX Midcap 200 $$ India Vix $ CNX Midcap - Introduced from July 18, 2005 $$ CNX Midcap 200 - Discontinued from July 18, 2005 [11]

Exchange Traded Funds on NSE


ETF's launched on NSE Exchange Traded Funds are essentially Index Funds that are listed and traded on exchanges like stocks. An ETF is a basket of stocks that reflects the composition of an Index, like S&P CNX Nifty. The ETFs trading value is based on the net asset value of the underlying stocks that it represents. ETF's Scheme launched on NSE Equity Gold Debt World Indices In recent times, Exchange-traded funds (ETFs) have gained a wider acceptance as financial instruments whose unique advantages over mutual funds have caught the eye of many an investor. These instruments are beneficial for Investors that find it difficult to master the tricks of the trade of analyzing and picking stocks for their portfolio. Various mutual funds provide ETF products that attempt to replicate the indices on NSE, so as to provide returns that closely correspond to the total returns of the securities represented in the index.

Certifications
NSE also conducts online examination and awards certification, under its programmes of NSE's Certification in Financial Markets (NCFM)[1] (http://www.nse-india.com/) . Currently, certifications are available in 32 modules, covering different sectors of financial and capital markets, both at beginner and advanced levels. the list of the various modules can be found at the following official site of NSE India. [2] (http://www.nseindia.com/education/content/module_ncfm.htm) Branches of the NSE are located throughout India.
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10/4/12 National Stock Exchange of India - Wikipedia, the f ree ency clopedia

NSE, in collaboration with reputed colleges and institutes in India, has been offering a short-term course called NSE Certified Capital Market Professional (NCCMP) since August 2009, in the campuses of the respective colleges/ institutes.[12]

Companies listed on the National Stock Exchange of India List of South Asian stock exchanges Mahurat trading Clause 49 Bombay Stock Exchange

References
1. ^ World-exchanges.org (http://www.world-exchanges.org/statistics/monthly-reports) 2. ^ "National Stock Exchange" (http://www.nasscom.in/Nasscom/templates/NormalPage.aspx?id=28461) . Nasscom.in. 2006-07-12. http://www.nasscom.in/Nasscom/templates/NormalPage.aspx?id=28461. Retrieved 2010-08-26. 3. ^ "NSE likely to overtake BSE in marketcap" (http://www.financialexpress.com/news/NSE-likely-to-overtake-BSEin-marketcap/499964/) . The Financial Express. http://www.financialexpress.com/news/NSE-likely-to-overtakeBSE-in-marketcap/499964/. Retrieved 2009-08-11. 4. ^ "Personal website of R.Kannan" (http://web.archive.org/web/20091028014118/http://geocities.com/kstability/student/illiquid/illiquid2.html) . Geocities.com. 2004-08-22. Archived from the original (http://www.geocities.com/kstability/student/illiquid/illiquid2.html) on 2009-10-28. http://web.archive.org/web/20091028014118/http://geocities.com/kstability/student/illiquid/illiquid2.html. Retrieved 2010-08-26. 5. ^ Indias SEBI raises exchange ownership cap to 15% (http://www.fow.com/Article.aspx?ArticleID=2038189) 6. ^ "NSE - About Us - Facts & Figures" (http://www.nse-india.com/content/us/us_factsfigures.htm) . Nseindia.com. http://www.nse-india.com/content/us/us_factsfigures.htm. Retrieved 2010-08-26. 7. ^ "WFE 2011 market highlights: page 17" (http://www.worldexchanges.org/files/file/stats%20and%20charts/2011%20WFE%20Market%20Highlights.pdf) 8. ^ "Now, NSE 2nd fastest growing stock exchange" (http://www.expressindia.com/news/fullstory.php? newsid=91524) . Expressindia.com. 2007-08-29. http://www.expressindia.com/news/fullstory.php?newsid=91524. Retrieved 2010-08-26. 9. ^ "Interest rate futures: NSE, MCX-SX set to fight it out - Business News - News - MSN India" (http://news.in.msn.com/business/article.aspx?cp-documentid=3114180) . News.in.msn.com. http://news.in.msn.com/business/article.aspx?cp-documentid=3114180. Retrieved 2010-12-15. 10. ^ "BSE, NSE launch pre-open trade today" (http://business.rediff.com/report/2010/oct/18/fifteen-min-call-auctionwindow-from-today.htm) . business.rediff.com. http://business.rediff.com/report/2010/oct/18/fifteen-min-callauction-window-from-today.htm. Retrieved 18 Oct 2010. 11. ^ http://www.nseindia.com/ChartApp/install/charts/mainpage.jsp 12. ^ http://www.nseindia.com/education/content/module_nccmp.htm

External links
Official website (http://www.nseindia.com/)
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10/4/12 National Stock Exchange of India - Wikipedia, the f ree ency clopedia

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