Top Stock Exchanges in India
A stock exchange is a platform where stock brokers and investor can buy and sell securities of different companies, such as shares of stock and bonds etc. India one of the biggest financial market across the globe has several stock exchanges. There are two main stock exchanges and two main commodity exchanges that are widely used across the country and there are some regional stock exchanges in India.
1. Bombay Stock Exchange (BSE)
The Bombay Stock Exchange is an Indian stock exchange present at Dalal Street, Mumbai, Maharashtra, India. Bombay stock exchange is Asia’s first stock exchange, Founded in 1875. The BSE is the world’s 10th largest stock exchange and India’s largest with an total market capitalization of more than $2.2 trillion on as of Mar 2019.
The BSE became the first stock exchange in India to be recognized by the Indian Government under the Securities Contracts Regulation Act on August 1957. In 1986, BSE introduced the S&P BSE SENSEX index, giving the BSE a facility to calculate the overall performance of the market. In 2000, the BSE used SENSEX to open its derivatives trading with SENSEX futures contracts. Followed by the development of S&P BSE SENSEX BSE introduces option and stock derivative contracts, expanding the BSE’s trading platform.
2. National Stock Exchange (NSE)
The National stock exchange of India limited is that the leading stock exchange of India, set in Mumbai. The NSE was established in 1992 because the initial demutualized electronic exchange within the country. NSE was the primary exchange within the country to provide a contemporary, fully automatic screen-based electronic trading system that offered simple trading facility to the investors unfold across the length and breadth of the country. Vikram Limaye is MD & CEO of NSE.
NSE has a total market capitalization of more than US$2.2 trillion, making it the world’s 11th-largest stock exchange and 2nd largest stock exchange in India as of Mar 2019. NSE’s benchmark flagship index Nifty 50 was launched in 1996 by the NSE. The 50 stock index is used widely by investors in India and around the world as a indicator of the Indian capital markets.
3. Multi Commodity Exchange (MCX)
Multi Commodity Exchange of India Ltd is a commodity exchange based in Mumbai, India. MCX was established in 2003 and is based in Mumbai, Maharashtra. MCX is India’s largest commodity derivatives exchange. MCX also offers options trading in gold, Crude oil, Copper and futures trading in non-ferrous metals, bullion, energy, and a number of agricultural commodities like mentha oil, cardamom, crude palm oil, cotton.
Commodity Traded in MCX
- Metal – Aluminium, Aluminium Mini, Copper, Copper Mini, Lead, Lead Mini, Nickel, Nickel Mini, Zinc, Zinc Mini
- Bullion – Gold, Gold Mini, Gold Guinea, Gold Petal, Gold Petal, Gold Global, Silver, Silver Mini, Silver Micro, Silver 1000.
- Agro Commodities – Cardamom, Cotton, Crude Palm Oil, Kapas, Mentha Oil, Castor seed, RBD Palmolien, Black Pepper.
- Energy – Brent Crude Oil, Crude Oil, Crude Oil Mini, Natural Gas.
4. National Commodity and Derivatives Exchanges (NCDEX)
National Commodity & Derivatives Exchange Limited is an online commodity exchange based in India. NCDEX has an independent board of directors and provides a commodity exchange platform for trader to trade in commodity futures. NCDEX is a public limited company, made on 23 April 2003 under the Companies Act, 1956 and obtained its Certificate for Commencement of Business on 9 May 2003. NCDEX started its operations on 15 December 2003.
Vijay Kumar is the MD & CEO of NCDEX limites and has 848 registered members and customer base of more than 20 Lakhs and offers trading on more than 49,000 terminals across 1,000 centers across the country. NCDEX has 594 accredited warehouses through eight warehouse service providers, with holding capacity of more than 1.5 million tonnes.
Other Regional List of Approved Stock Exchanges in India:
- U.P. Stock Exchange, Kanpur
- Vadodara Stock Exchange, Vadodara
- Koyambtour Stock Exchange, Coimbatore
- Meerut Stock Exchange, Meerut
- Over the Counter Exchange of India, Mumbai
- Ahmedabad Stock Exchange, Ahmedabad
- Bangalore Stock Exchange, Bangalore
- Bhubaneshwar Stock Exchange, Bhubaneshwar
- Calcutta Stock Exchange, Kolkata
- Cochin Stock Exchange, Cochin
- Delhi Stock Exchange, Delhi
- Guwahati Stock Exchange, Guwahati
- Hyderabad Stock Exchange, Hyderabad
- Jaipur Stock Exchange, Jaipur
- Canara Stock Exchange, Mangalore
- Ludhiana Stock Exchange, Ludhiana
- Chennai Stock Exchange, Chennai
- M. P. Stock Exchange, Indore
- Magadh Stock Exchange, Patna
- Pune Stock Exchange, Pune
- Capital Stock Exchange Kerala Ltd.,Thiruvananthapuram, Kerala