Stock Exchanges In India
Stock Exchanges are an organised marketplace, either corporation or mutual organisation, where members of the organisation gather to trade company stocks and other securities. The members may act either as agents for their customers, or as principals for their own accounts.Stock exchanges also facilitates for the issue and redemption of securities and other financial instruments including the payment of income and dividends. The record keeping is central but trade is linked to such physical place because modern markets are computerised. The trade on an exchange is only by members and stock broker do have a seat on the exchange.

List of Stock Exchanges In India

1 Bombay Stock Exchange
2 National Stock Exchange
3 Regional Stock Exchanges

History of Stock Exchanges In India:In 1860, the exchange flourished with 60 brokers. In fact the 'Share Mania' in India began with the American Civil War broke and the cotton supply from the US to Europe stopped. Further the brokers increased to 250.At the end of the war in 1874, the market found a place in a street (now called Dalal Street). In 1887, "Native Share and Stock Brokers' Association" was established. In 1895, the exchange acquired a premise in the street which was inaugurated in 1899.

A very common name for all traders in the stockmarket, BSE, stands for Bombay Stock Exchange. The oldest market not only in the country, but also in Asia. The early days of BSE was known as "The Native Share & Stock Brokers Association." It was established in the year 1875 and became the first stock exchange in the country to be recognised by the government. In 1956, BSE obtained a permanent recognition from the Government of India under the Securities Contracts (Regulation) Act, 1956.

In the past and even now, it plays a pivotal role in the development of the country's capital market. This is recognised worldwide and its index, SENSEX, is also tracked worldwide. Earlier it was an Association of Persons (AOP), but now it is a demutualised and corporatised entity incorporated under the provisions of the Companies Act, 1956, pursuant to the BSE (Corporatisation and Demutualisation) Scheme, 2005 notified by the Securities and Exchange Board of India (SEBI).

BSE Vision: The vision of the Bombay Stock Exchange is to "Emerge as the premier Indian stock exchange by establishing global benchmarks."

BSE Management:Bombay Stock Exchage is managed professionally by Board of Directors. It comprises of eminent professionals, representatives of Trading Members and the Managing Director. The Board is an inclusive one and is shaped to benefit from the market intermediaries participation.The Board exercises complete control and formulates larger policy issues. The day-to-day operations of BSE is managed by the Managing Director and its school of professionsl as a management team.

BSE Network:The Exchange reaches physically to 417 cities and towns in the country. The framework of it has been designed to safeguard market integrity and to operate with transparency. It provides an efficient market for the trading in equity, debt instruments and derivatives. Its online trading system, poularly known as BOLT, is a proprietory system and it is BS 7799-2-2002 certified. The BOLT network was expanded, nationwide, in 1997. The surveillance and clearing & settlement functions of the Exchange are ISO 9001:2000 certified.

Convention HallThe Bombay Stock Exchange provides convention hall for listed companies and other Institutions to hold their Annual/ordinary General Meetings, Listing ceremonies, Analyst and any other important event.

It is centrally located at which can be easily reached from Churchgate or CST (VT) railway stations. It has a capacity of around 700 to 900 persons with state-of-the-art infrastructure. The hall has Projection Equipment, Web-cast facility and a Business Room with Facsimile, Internet, Photocpier and telecom equipment.
BSE Facts
First in India to introduce Equity Derivatives
First in India to launch a Free Float Index
First in India to launch US$ version of BSE Sensex
First in India to launch Exchange Enabled Internet Trading Platform
First in India to obtain ISO certification for Surveillance, Clearing & Settlement
'BSE On-Line Trading System (BOLT) has been awarded the globally recognised the Information Security Management System standard BS7799-2:2002.
First to have an exclusive facility for financial training

BSE HelpdeskBSE has made arrangement for a toll-free numbers which makes it easier for customers to contact. A focussed number helps in providing best support to the customers. The toll-free number is as mentioned below:Toll-Free: 1600 22 6661Members who are not in Mumbai can also call up this number without dialling the area code of Mumbai from there local telephone line (not a STD line). Currently the facility is available to 101 cities in India where MTNL has toll free services.

National Stock Exchange (NSE)
The National Stock Exchange of India (NSE) was incorporated in November 1992 as a tax-paying company. It is recognised under Securities Contracts (Regulation) Act, 1956 in 1993 as a stock exchange. In June 1994, it commenced operations in the Wholesale Debt Market (WDM). In November, the same year, the Capital Market (Equities) segment commenced operations and the Derivatives segment in June 2000.

--

NSE Group
National Securities Clearing Corporation Ltd. (NSCCL)

It is a wholly owned subsidiary, which was incorporated in August 1995 and commenced clearing operations in April 1996. It was formed to build confidence in clearing and settlement of securities, to promote and maintain the short and consitent settlement cycles, to provide a counter-party risk guarantee and to operate a tight risk containment system.
NSE.IT Ltd.

It is also a wholly owned subsidiary of NSE and is its IT arm. This arm of the NSE is uniquely positioned to provide products, services and solutions for the securities industry. NSE.IT primarily focus on in the area of trading, broker front-end and back-office, clearing and settlement, web-based, insurance, etc. Along with this, it also provides consultancy and implementation services in Data Warehousing, Business Continuity Plans, Site Maintenance and Backups, Stratus Mainframe Facility Management, Real Time Market Analysis & Financial News.
India Index Services & Products Ltd. (IISL) It is a jointventure between NSE and CRISIL Ltd. to provide a variety of indices and index related services and products for the Indian Capital markets. It was set up in May 1998. IISL has a consulting and licensing agreement with the Standard and Poor's (S&P), world's leading provider of investible equity indices, for co-branding equity indices.
National Securities Depository Ltd. (NSDL)NSE joined hands with IDBI and UTI to promote dematerialisation of securities. This step was taken to solve problems related to trading in physical securities. It commenced operations in November 1996.
DotEx International LimitedDotEx was formed to provide a well structured inter trading platform for the members to further offer online trading facilities to their customers. With this facility, the members can serve a larger clientele with the use of automated risk management features and hence increase the volume. The investors also get comprehensive and updated information through it.
NSE Facts
It uses satellite communication technology to energise participation from around 400 cities in India.
NSE can handle up to 1 million trades per day.
It is one of the largest interactive VSAT based stock exchanges in the world.
The NSE- network is the largest private wide area network in India and the first extended C- Band VSAT network in the world.
Presently more than 9000 users are trading on the real time-online NSE application.
NSE Offices
Corporate Office
National Stock Exchange of India Ltd.
Exchange Plaza
Plot no. C/1, G Block
Bandra-Kurla Complex
Bandra (E)
Mumbai - 400 051
India
Tel: +(91)-(22)-26598100 - 8114
Fax: +(91)-(22)-26598120
E-mail: cc_nse@nse.co.in
Branch Offices
406 Sakar II
Near Ellis Bridge
Ahmedabad - 380 006
India
Tel: +(91)-(79)-26580212, 26580213
Fax: +(91)-(79)-2657 6123
7th Floor, Arihant Nitco Park
90, Dr. Radhakrishnan Salai
Mylapore, Chennai - 600 004
India
Tel: +(91)-(44)-28475100, 28473670
Fax: +(91)-(44)-28473633
"Thapar House" Western Wing
Mezzanine Floor
Janpath Lane, 124, Janpath
Connaught Place
New Delhi 110 001
India
Tel: +(91)-(11)-23344313 - 23344327
Fax: +(91)-(11)-23366658
H No.3-6-322
Mahavir House, IInd Floor
Chamber no.203 & 204
Basheerbagh, Hyderabad : 500029
India
Tel: +(91)-(40)-23227084, 23227085
Fax: +(91)-(40)-23227086
Ideal Plaza
11 / 1, Sarat Bose Road
Kolkata - 700 020
India
Tel: +(91)-(33)-22805950-55, 22801202 - 1205
Fax: +(91)-(33)-22831859, 22805957
NSE Website:
http://www.nseindia.com/

Regional Stock Exchanges (RSE)
There are 23 stock exchanges in India. Among them two are national level stock exchanges namely Bombay Stock Exchang (BSE) and National Stock Exchange of India (NSE). The rest 21 are Regional Stock Exchanges (RSE).
List of Regional Stock Exchanges in India
Ahmedabad Stock Exchange
Bangalore Stock Exchange
Bhubaneshwar Stock Exchange
Calcutta Stock Exchange
Cochin Stock Exchange
Coimbatore Stock Exchange
Delhi Stock Exchange
Guwahati Stock Exchange
Hyderabad Stock Exchange
Jaipur Stock Exchange
Ludhiana Stock Exchange
Madhya Pradesh Stock Exchange
Madras Stock Exchange
Magadh Stock Exchange
Mangalore Stock Exchange
Meerut Stock Exchange
OTC Exchange Of India
Pune Stock Exchange
Saurashtra Kutch Stock Exchange
Uttar Pradesh Stock Exchange
Vadodara Stock Exchange
The Regional Stock Exchanges started clustering from the year 1894, when the first RSE, the Ahmedabad Stock Exchange (ASE) was established. In the year 1908, the second in the series, Calcutta Stock Exchange (CSE) came into exixtance.During the early sixties, there were only few recognized RSEs in India namely Calcutta, Madras, Ahmedabad, Delhi, Hyderabad and Indore. The number remained unchanged for the next two decades. 1980s was the turning point and many RSEs was incorporated. The latest is Coimbatore Stock Exchange and Meerut Stock Exchange.