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Indian Stock market came into existance after a long time, when many foriegn stock markets had already positioned themselves strongly.In Indian stock markets there are 2 stock exchanges, BSE ( Bombay stock exchange ) and NSE ( Countrywide Stock exchange). Bombay stock exchange ( BSE ) is often known as the biggest market in the East.
If we talk about present scenario , US market-one of the greatest economy in the world, is ruling over all the economies in the world. Other important stock markets are- Japan, China and Hongkong.
And it is being considered that in 2030 , India will be the second strongest economy in world.
This is becoming possible with the growth of technologies and growing economy.
Now people in India has attracted towards stock market because it shows lots of scope for making money and profit.
Evolution of Indian Stock Benchmarks (NSE-BSE):-In Indian stock market there are mainly two big benchmarks:- BSE & NSE.
BSE-
Earlier the traders used to assemble under banyan trees in front of Mumbai's city hall to trade in BSE. This location changes frequently as the amount of the broker increases. It finally moved to Dalal Street in 1874.
In 1956, the BSE became the first stock market to be recognized by the Indian Central authority under the Instruments Contracts Regulation Act. The BSE Sensex was developed in 1986. And in 2002, the name "the exchange, Mumbai" was modified to BSE .BSE has the biggest number of firms listed in it.
Apart from BSE SENSEX, which is the most popular stock index in India, BSE uses other stock indices as well: BSE 500, BSE 100, BSE 200, BSE PSU, BSE MIDCAP, BSE SMLCAP, BSE BANKEX, BSE Tech, BSE Auto, BSE Pharma, BSE Fast Moving Consumer Goods (FMCG), BSE Consumer Durables, BSE Metal.
NSE-
With the approaching up of capital market reforms in India and with the launch of SEBI, the 2nd Indian stock exchange called the NSE was integrated in 1992. NSE is national exchange . It was established in 1978-79. Its index is known as Nifty. As it was indexed with 50 fortune companies.After the couple of years of its operations NSE became the biggest stock exchange in India.
The SEBI was established on April12 1992, as per the provisions of SEC board of India act, 1992. SEBI (Security & Exchange Board of India) , is the regulatory body which has all the authorities of trading in stock market.Under SEBI, NSE(National Stock Exchange) and BSE(Bombay Stock Exchange) lies. The majority of the trading in Indian stock exchange happens in its BSE & NSE. Both these exchanges follow the same trading mechanism, trading hours and settlement process. All related to trading or stock market must follow each and every rules and guidelines made by SEBI.SEBI protects the interest of the backers in stocks helping underway and regulation of Indian stock exchanges. As specified in the mavens the forthcoming markets like India are fast becoming engines for future expansion.
It is well said about stock market: "Expect the Unexpected".
Stock market is a place which is considered to be mysterious. It fascinates the most. Stock market is also known as Equity market. Many large cap companies are playing big role in making India a growing economy.
So for safe & profitable trading one must get a proper guidance from stock advisory firms which provides stock trading tips.
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