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MR. RASHMIRANJAN PANIGRAHI

LECTURER IN FINANCE,

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A stock market is a place where the stocks and securities of various companies are traded.

“Stock exchange

”- means anybody of individuals, whether

incorporated or not, constituted for the purpose of assisting,regulating or controlling the business of buying, selling ordealing in securities.

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BSE(BOMBAY STOCT EXCHANGE )

▪NSE(NATIONALSTOCKEXCHANGE)

MCX STOCK

EXCHANGELIMITED

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Is the oldest Stock Exchange in Asia with a rich heritage.

BSE was established in 1875 as “The Native Share & Stock 

Brokers”. 

First Stock Exchange in the country to obtain permanent

recognition in 1956 from GOI.

Around 4700 Indian companies listed with Stock Exchange.

As of 2005, it is among the five biggest Stock Exchanges in

the world in terms of transactions volume.

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The BSE or Bombay stock exchange sensitive

Index(Sensex) is a value weighted index. Composed of 

30stocks with the base April 1979=100.

9 September 2013IIPM

BOMBAY STOCK EXCHANGE (

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In the year 1991 Pherwani Committee recommended toestablish National Stock Exchange (NSE) in India.

In National Stock Exchange there is trading of equityshares, bonds and government securities.

The NSE India ranked 3rd position since last 4 years in termsof total number of trading per calendar year.

Presently there are 25 stock exchanges in India, out of which20 have exchanges National Stock Exchange (NSE)

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The NSE operates in: Wholesale Debt market Capital Market.

Objectives: To establish nation wide trading facility for all types of securities.

Ensuring equal access to investors all over the country through anappropriate telecommunication network

Providing fair, efficient & transparent securities market using electronictrading system

Enabling shorter settlement cycles and book entry settlements

Meeting International benchmarks and standards

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MCX Stock Exchange Limited (MCX-SX), India’s new stock exchange,

is recognized by Securities and Exchange Board of India (SEBI) under

Section 4 of Securities Contracts (Regulation) Act, 1956.

The Exchange was notified as a “recognized stock exchange” under

Section 2(39) of the Companies Act, 1956 by Ministry of Corporate

Affairs, Govt. of India on December 21, 2012.

MCX-SX offers an electronic, transparent and hi-tech platform for

trading in Capital Market, Futures & Options, Currency Derivatives

and Debt Market segments.

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The Exchange has also received in-principle approval from SEBI for

operation ling SME trading platform. MCX-SX commenced operations

in the Currency Derivatives (CD) Segment on October 7, 2008, under

the regulatory framework of SEBI and Reserve Bank of India (RBI).

MCX-SX launched Capital Market Segment, Futures and Options

Segment and flagship index ‘SX40’ on February 9, 2013 and

commenced trading from February 11, 2013.

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