Science Fair Project Encyclopedia
National Stock Exchange of India
The National Stock Exchange of India, also known as NSE, is one of largest and advanced stock markets in India.
It is located in Mumbai, the financial capital of India. It 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. In April 1993, it got the recognition of Stock Exchange. NSE commenced operations in the Wholesale Debt Market (WDM) segment in June 1994. The Capital Market (Equities) segment commenced operations in November 1994 and operations in Derivatives segment commenced in June 2000.
NSE has been credited with the launch of many indices for the exchange. Some of them are S&P CNX Nifty and CNX Nifty Junior. It also set up as index services firm known as India Index Services & Products Limited (IISL).
Among the many firsts of NSE include the setting up of National Securities Depository Limited, first depository in India, co-promoted by the NSE. With the popularization of the internet NSE promoted the Commencement of Internet Trading in February 2000, this led to the wide popularization of the NSE in the broker community.
Branches of the NSE are located throughout India.
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