Contrary to popular belief, India has more stock exchanges than only the two most well-known, the NSE and BSE. There is no denying that these two stock exchanges dominate the Indian market, but according to SEBI, there are currently seven recognised stock exchanges in India.
There are various stock exchanges in every country; therefore, it is a valid question to ask how many stock exchanges are in India? Most people think that there are just two in India- the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE). But, the truth is that the list is huge.
The two major India stock exchanges operating in the country are the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE).
BSE (Bombay Stock Exchange), which was founded in 1875 and was formerly known as "The Native Share & Stock Broker's Association," is not only India's but also Asia's first stock exchange.
An effective and transparent market is offered by the stock exchange for the trading of stocks, foreign exchange, debt instruments, derivatives, and mutual funds.
As the central counterparty to all trades made on the BSE trading platform, Indian Clearing Corporation Limited, a fully-owned subsidiary of BSE, offers full novation and ensures the settlement of all legitimately made trades.
The S&P BSE SENSEX, a prominent equity index offered by BSE, is the stock market benchmark index most frequently followed by investors in India. It is traded on the EUREX and the major exchanges of the BRCS countries on a global scale (Brazil, Russia, China and South Africa).
In addition to the Sensex, the BSE also tracks the BSE 100, BSE 200, BSE 500, BSE MIDCAP, BSE PSU, BSE SMLCAP, BSE AUTO, BSE PHARMA, BSE FMCG, and BSE METAL indices.
The National Stock Exchange (NSE) was founded in 1992. The wholesale debt market and cash market segments of the NSE were both launched in 1994 after it was officially recognized as a stock exchange by India's market regulator SEBI in April 1993.
The NSE was founded as the nation's first dematerialized electronic exchange and is regarded as the first exchange to offer a cutting-edge, fully automated screen-based electronic trading system that provided convenient trading options to investors dispersed across the length and breadth of the nation.
The NIFTY 50, the NSE's premier index, was introduced in 1996 and is widely used by investors in India and throughout the world as a barometer of the Indian capital market.
So, this is the list of some of the major stock exchanges in India. Do you have any queries on this, feel free to ask in the comments.