|
The
National Stock Exchange (NSE), located in Bombay, is India's first debt
market. It was set up in 1993 to encouragestock exchange reform through
system modernization and competition. It opened for trading in mid-1994.
It was recently accorded recognition as a stock exchange by the
Department of Company Affairs. The instruments traded are, treasury
bills, government security and bonds issued by public sector companies.
The Organisation: The National Stock Exchange of India Limited
has genesis in the report of the High Powered Study Group on
Establishment of New Stock Exchanges, which recommended promotion of a
National Stock Exchange by financial institutions (FIs) to provide
access to investors from all across the country on an equal footing.
Based on the recommendations, 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.
NSE Group:
1. India Index Services & Products Ltd. (IISL)
2. National Securities Clearing Corporation Ltd. (NSCCL)
3. NSE.IT Ltd.
4. National Securities Depository Ltd. (NSDL)
5. DotEx International Limited |
