Bombay stock exchange

(history)
The Bombay Stock Exchange is the oldest exchange in Asia. It traces its history to the 1850s, when four Gujarati and one Parsi
stockbroker would gather under banyan trees in front of Mumbai's Town Hall. The location of these meetings changed many
times, as the number of brokers constantly increased. The group eventually moved to Dalal Street in 1874 and in 1875 became
an official organization known as 'The Native Share & Stock Brokers Association'. In 1956, the BSE became the first stock
exchange to be recognized by the Indian Government under the Securities Contracts Regulation Act. The Bombay Stock
Exchange developed the BSE SENSEX in 1986, giving the BSE a means to measure overall performance of the exchange. In 2000
the BSE used this index to open its derivatives market, trading SENSEX futures contracts. The development of SENSEX options
along with equity derivatives followed in 2001 and 2002, expanding the BSE's trading platform. Historically an open outcry floor
trading exchange, the Bombay Stock Exchange switched to an electronic trading system in 1995. It took the exchange only fifty
days to make this transition. This automated, screen-based trading platform called BSE On-line trading (BOLT) currently has a
capacity of 8 million orders per day. The BSE has also introduced the world's first centralized exchange-based internet trading
system, BSEWEBx.co.in to enable investors anywhere in the world to trade on the BSE platform. The BSE is currently housed in
Phiroze Jeejeebhoy Towers at Dalal Street, Fort area.
The launch of SENSEX in 1986 was later followed up in January 1989 by introduction of BSE National Index (Base: 1983-84 =
100). It comprised 100 stocks listed at five major stock exchanges in India - Mumbai, Calcutta, Delhi, Ahmedabad and Madras.
The BSE National Index was renamed BSE-100 Index from October 14, 1996 and since then, it is being calculated taking into
consideration only the prices of stocks listed at BSE. BSE launched the dollar-linked version of BSE-100 index on May 22, 2006.
BSE launched two new index series on 27 May 1994: The 'BSE-200' and the 'DOLLEX-200'. BSE-500 Index and 5 sectoral
indices were launched in 1999. In 2001, BSE launched BSE-PSU Index, DOLLEX-30 and the country's first free-float based
index - the BSE TECk Index. Over the years, BSE shifted all its indices to the free-float methodology (except BSE-PSU index).
BSE disseminates information on the Price-Earnings Ratio, the Price to Book Value Ratio and the Dividend Yield Percentage on
day-to-day basis of all its major indices. The values of all BSE indices are updated on real time basis during market hours and
displayed through the BOLT system, BSE website and news wire agencies. All BSE Indices are reviewed periodically by the
BSE Index Committee. This Committee which comprises eminent independent finance professionals frames the broad policy
guidelines for the development and maintenance of all BSE indices. The BSE Index Cell carries out the day-to-day maintenance
of all indices and conducts research on development of new indices.
SENSEX is significantly correlated with the stock indices of other emerging markets
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(
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National stock exchange
The National Stock Exchange (NSE) (Hindi: Rashtriya hare Bzar) is a stock exchange located at Mumbai,
Maharashtra, India. It is the 9th largest stock exchange in the world by market capitalization and largest in India by daily turnover
and number of trades, for both equities and derivative trading.NSE has a market capitalization of around US$1.59 trillion and
over 1,552 listings as of December 2010.Though a number of other exchanges exist, NSE and the Bombay Stock Exchange are
the two most significant stock exchanges in India, and between them are responsible for the vast majority of share transactions.
The NSE's key index is the S&P CNX Nifty, known as the NSE NIFTY (National Stock Exchange Fifty), an index of fifty major
stocks weighted by market capitalisation.
NSE is mutually-owned by a set of leading financial institutions, banks, insurance companies and other financial intermediaries
in India but its ownership and management operate as separate entities. There are at least 2 foreign investors NYSE Euronext and
Goldman Sachs who have taken a stake in the NSE. As of 2006, the NSE VSAT terminals, 2799 in total, cover more than 1500
cities across India. NSE is the third largest Stock Exchange in the world in terms of the number of trades in equities. It is the
second fastest growing stock exchange in the world with a recorded growth of 16.6%.

The National Stock Exchange of India was promoted by leading Financial institutions at the behest of the Government of India,
and was incorporated in November 1992 as a tax-paying company. In April 1993, it was recognized as a stock exchange under
the Securities Contracts (Regulation) Act, 1956. NSE commenced operations in the Wholesale Debt Market (WDM) segment in
June 1994. The Capital market (Equities) segment of the NSE commenced operations in November 1994, while operations in the
Derivatives segment commenced in June 2000.

OTCEI
OTC Exchange Of India (OTCEI) also known as Over-the-Counter Exchange of India based in Mumbai, Maharashtra.It is the
first exchange for small companies It is the first screen based nationwide stock exchange in India. It was set up to access high-
technology enterprising promoters in raising finance for new product development in a cost effective manner and to provide
transparent and efficient trading system to the investors.
OTCEI is promoted by the Unit Trust of India, the Industrial Credit and Investment Corporation of India, the Industrial
Development Bank of India, the Industrial Finance Corporation of India and others and is a recognised stock exchange under the
SCR Act.
OTC Exchange Of India was founded in 1990 under the Companies Act 1956 and got recognized by the Securities Contracts
Regulation Act, 1956 as a stock exchange