Indexes and Exchages
Bombay Stock Exchange (BSE)
The BSE or the Bombay Stock Exchange is Asia's oldest and first stock exchange. It is located in
Mumbai, erstwhile Bombay, and it was formally established in 1875. An influential stockbroker and a businessman,
Premchand Roychand, along with a handful of acquaintances, started the BSE journey in 1855. The BSE had its meetings
under Banyan trees in its initial days. The group grew and eventually moved to a permanent place in 1874. BSEâ€™s office
is very appropriately named â€˜Dalal Streetâ€™ which translated to Broker Street in Hindi. BSE operated as a floor trading
exchange for a long time before ascending the digital ladder in 1995. They implemented an automated trading platform
which had a capacity of 8 million per day. BSE went global in 2012, by joining the United Nations Sustainable Stock
Exchange as a partner. Subsequently, in 2016, BSE established the first international exchange of India, called INX.
National Stock Exchange (NSE)
With an aim to induce transparency to the Indian capital market, the Indian Government implored
a group of leading financial institutions for an effective solution. Accordingly, these financial institutions, along
with the Government's support, established the first demutualized electronic exchange of India in 1992, known as
the NSE. Since its inception, the NSE functioned on a totally automated screen-based digital trading system, which
offered a great platform to connect the investor base of the entire country and offer them an easy trading facility.
NSE was India's first electronic exchange and currently offers services pertaining to several segments, such as equity
derivatives, clearing and settlement services in equity, trading, debt and currency derivatives, etc.