As we all know the online share market of India has shown a tremendous growth in the last years and is predicted to emerge as one of the big players in the international arena soon. The growth of the Indian share market has encouraged investors to invest in the market. To make your investment to fetch better returns, as an investor you should be concerned about the history of the online share market in India.
Most of the tradings in our country is performed through three stock exchanges and as an investor in the share market you should be aware of the function and origin of these stock exchanges. If you are new to the stock market and you are in search for a trusted broker firm then it’s the right time to get expert advice from Goodwill. Goodwill offers the lowest brokerage fee in the market and also assists you to improve your trading skills by providing relevant market updates.
Now, let’s have a look at the history of the three major stock exchanges in India:
- Bombay Stock Exchange (BSE):
Established in the year 1875, Bombay Stock Exchange is the oldest stock exchange in Asia. This Indian stock exchange located in Dalal street is the ninth largest stock exchange with an overall market capitalization estimated more than 2 billion Indian rupees. In the year 1995, BSE switched its mode of trading in to an electronic form. The stock market index on BSE is referred as SENSEX. The stock market index of BSE is measured to be 30 as it is a free float market cap weighted index with top 30 companies.
- National Stock Exchange (NSE):
NSE is the one of the leading government owned stock exchange of India located in Mumbai. Established in the year 1992, NSE is the first dematerialized electronic exchange in the country. NSE has achieved a total market capitalization of more than US$3 trillion by making it as the world’s ninth largest stock exchange. The stock market index of NSE is NIFTY and it is a free float market cap weighted index with a compromising shares of 50 companies.
- Multi Commodity Exchange (MCX):
Introduced in the year 2003 by the honorable Government of India, this institution resides in Mumbai. Multi Exchange Commodity is an independent Indian Government owned commodity exchange which is under the ownership of the Indian Ministry of Finance. MCX is India’s largest commodities derivatives exchange in India. In terms of number of future contracts traded through MCX, it was considered as one of the top global commodity exchanges.
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These are the three major stock exchanges through which an investor would perform their trading. Monitored by the Government of India, these stock exchanges are regulated by the Ministry of Finance, SEBI and The Reserve Bank of India. These regulators monitor the growth and development of the securities market.
If you are beginner to the stock market and require guidance to perform your trade efficiently, seek the help from Goodwill. Goodwill has been acknowledged as a trust-worthy brokerage firm in India and offers expert guidance to their valuable investors to help them choose the best performing stocks in the market. Stay connected with Goodwill Facebook Page and get instant live updates on your stocks.
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