National Stock Exchange of India was created to
provide access to investors from all across the country on an equal
footing.
The National Stock Exchange (NSE) is India's leading
stock exchange having national reach. It covers various cities and towns
across the country. The exchange was founded by leading institutions
with the objective of providing a modern, fully automated screen-based
trading system with countrywide presence. NSE has ushered in
transparency, efficiency, safety, market integrity and has played a key
role in reforming the Indian securities market in terms of
microstructure, market practices and trading volumes.
The National Stock Exchange of India Limited was created on the basis of
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 to provide access to investors from all across
the country on an equal footing.
In 1992, NSE was incorporated as a tax-paying company unlike other stock
exchanges in the country. In April 1993, NSE was recognized as a stock
exchange under the Securities Contracts (Regulation) Act, 1956 and it
commenced operations in the Wholesale Debt Market (WDM) segment in June
1994. The Capital Market (Equities) segment commenced operations in
November 1994 and In October 1995, National Stock Exchange became the
largest stock exchange in the country. NSE launched S&P CNX Nifty in
April 1996. In June 2000, NSE started operations in Derivatives segment.
NSE is one of the largest interactive VSAT based stock exchanges in the
world. Presently, it supports more than 3000 VSATs. The NSE- network is
the largest private wide area network in India and the first extended C-
Band VSAT network in the world. NSE.
S&P CNX Nifty
S&P CNX Nifty is a well-diversified 50 stock index accounting for 25 sectors of the economy. It is used for a variety of purposes such as benchmarking fund portfolios, index based derivatives and index funds. The base date selected for calculation of Nifty is November 3, 1995. The base value of the index is 1000 and it has a base capital of Rs.2.06 trillion.
