General Awareness Topic about NSE & BSE for Upcoming Competitive Exams
National Stock Exchange (NSE) :
Stock Exchange or share market plays a dominant role in mobilising resources for corporate sector. It constitutes an organised market for exchanging securities and shares. There are 21 stock exchanges in the country, 20 of them being regional ones with allocated areas. Three stock exchanges- National Stock Exchange(NSE), Over The Counter Exchange of India Ltd(OTCEI) and Inter-Connected Stock Exchange of India Limited (ISE) have mandate to have nationwide trading network.
In 1991 Pherwani Committee made recommendation for establishing National Stock Exchange. In 1992 the Government authorised IDBI for establishing this exchange. IDBI is the main promoter of National Stock Exchange (NSE). NSE has initial authorised capital of Rs. 25 crore.
NSE includes trading of equity shares, bonds and government securities. NSE's head office is situated in South Mumbai at Worli.
The trading intensity of Indian stock exchanges is impressive by world standards. Among the biggest exchanges (measured by the number of trades per calendar year). The National Stock Exchange (NSE) retained its 1st rank with maintaining most equity shares. The Bombay stock Exchange (BSE) retained its 10th rank New York Stock Exchange (NYSE) ranks first in the list.
MIBOR and MIBIRD :
On June 15,1998 National Stock Exchanges has 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 will be the indicator of Landing Rate for loans while MIBID will be the landing rate for receipts.
Bombay Stock Exchange :
For representing changes in share prices in a better way, two new share price indices have been intro duced in Mumbai share market --BSE 200 and Dollex.
BSE 200 includes the shares of 200 selected companies (85 of specified list A and 115 of non-specified list B). This index also includes the shares of 21 public sector enterprises. Dollex is an index dealing in dollar prices. In other word, Dollex is the dollar price index of BSE 200. BSE 200 and Dollex both indices have 1989-90 as the base year.
Main Share Price Index in Famous Share Market of the World:
- Mumbai Dolex Sensex's & P CNX NIFTY FIFTY
- New York DOW JONES
- Tokyo NIKKEI
- Frankfurt (Germany) MIDDAX
- Hong Kong HANG SENG
- Singapore SIMEX STRAITS TIMES
Approved Stock Exchanges in India:
- Ahmedabad Stock Exchange Ltd.
- BSE Ltd.
- Bangalore Stock Exchange Ltd.
- Bhubaneswar Stock Exchange Ltd
- Calcutta Stock Exchange Ltd.
- Cochin Stock Exchange Ltd
- Delhi Stock Exchange Ltd.,The
- Gauhati Stock Exchange Ltd.,The
- Inter-Connected Stock Exchange of India Limited
- Jaipur Stock Exchange Ltd 08-JAN-2015
- Ludhiana Stock Exchange Ltd.,The
- MCX -Stock Exchange Ltd
- Madhya Pradesh Stock Exchange Ltd
- Madras Stock Exchange Ltd.
- Magadh Stock Exchange Ltd.
- National Stock Exchange of India Ltd.
- OTC Exchange of India
- Pune Stock Exchange Ltd
- The Vadodara Stock Exchange Ltd.
- U.P. Stock Exchange Limited
- United Stock Exchange of India Limited
Note: The Hyderabad Securities and Enterprises Ltd , Coimbatore Stock Exchange Ltd, Saurashtra Kutch Stock Exchange Ltd and Mangalore Stock Exchange have been granted exit by SEBI vide order dated January 25, 2013, April 3, 2013, April 5, 2013 and March 3,2014 respectively.
Important Links:
wt abt MCX.......?
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