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Wednesday, May 13, 2020

What is NSE and BSE

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What Is NSE and BSE ??

What is NSE and BSE

You might be hearing in the newspaper or television that the sensex has fallen down or the nifty has increased up. Then you might have thought what is Sensex and Nifty. But before that we need to understand stock exchange.

So basically stock exchange is a place where buying and selling of shares take place and they are called stock market. 

In India there are two most popular stock exchange...

NSE - National stock exchange.

BSE - Bombay stock exchange.

BSE (Bombay stock exchange) is the oldest stock exchange in the Asia. It was established in 1875. Currently it is the 12 th largest stock exchange in the world. There are more than 5500 companies listed on BSE. With a trading speed of 6 micro seconds . BSE is the world's fastest stock exchange in the world.

The BSE does have some interesting history. A man named Premchand Roychand founded the Native Share and Stock Brokers Association in the 19th century. In those times, it used to function in Dalal Street under a banyan tree - where traders would gather together to buy and sell stocks. Gradually, the network expanded and the exchange was established by the name of Bombay Stock Exchange in 1875. 

NSE ( national stock exchange) was established in 1992. It is currently the 10th largest stock exchange in the world.
It was  first stock exchange in India to offer a fully automatic screen based trading system. 

The NSE was initially set up with an aim to usher in transparency to the Indian market system, and it has ended up delivering on its aim quite well. With the help of the government, the NSE successfully offers services such as trading, clearing as well as the settlement in debt and equities comprising domestic and international investors.

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