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By:

S.Maithreyi
09011U0505

NSE of India
Located in Mumbai ,India 11th largest stock exchange in world with market capitalization (1.178 trillion $) Largest stock exchange in India in term of no. of trades done in both in equity and derivatives trading

Origin of
NSE was recommended by Pherwani committee in 1991. NSE of India was promoted by leading Financial institutions( IDBI,ICICI,IFCI etc..) at the behest of the Government of India. Incorporated in November 1992 as a tax-paying company. In April 1993 recognized as stock exchange Securities Contracts (Regulation) Act, 1956.

History of
In June 1994 started operations in WDM In Nov 1994 operations in capital market In June 2000-Derivatives April 1996 Launch of S&P CNX Nifty

Managing Director & CEO

Ms. Chitra Ramkrishna National Stock Exchange of India Limited

Purpose or Objectives of NSE


Establishing nationwide trading facility Ensuring equal access to investors Providing fair, efficient & transparent securities market using electronic trading system Enabling shorter settlement cycles and book entry settlements Meeting International benchmarks and standards

Markets
Currently, NSE has the following major segments of the capital market: Equities Equities Indices Mutual Funds Exchange Traded Funds Initial Public Offerings Security Lending and Borrowing Scheme

Markets
Derivatives Equity Derivatives (including Global Indices like S&P 500, Dow Jones and FTSE ) Currency Derivatives Interest Rate Futures Debt Retail Debt Market Wholesale Debt Market Corporate Bonds

S&P CNX NITFY


The S&P CNX Nifty ( Nifty 50 or simply Nifty) is a composite of the top 50 stocks listed on the National Stock Exchange (NSE), representing 24 different sectors of the economy.

CRISIL

NSE

NIFTY 50

S&P CNX NITFY


TATA Motors Ranbaxy TATA steel Grasim Indus. Axis bank GAIL NTPC Siemens BPCL IDBI CIPLA HERO HONDA Etc.

Advantages of NSE
Wider accessibility Screen based trading Non-disclosure of the trading members identity Transparent transaction Matching of orders Trading in dematerialized form Effective settlement of corporate benefit

Trading hours
Trading takes place on all days of the week except Saturdays & Sundays. Regular trading session Normal Market Open: 09:15 hrs Normal Market Close: 15:30 (3:30) hrs

Located at Dalal street, Mumbai India. 10th largest stock exchange in world with market capitalization (1.32 trillion $) Asias 1st S.E and 2nd Leading S.E in India. Corporatized and demutualised entity (converting not-for-profit exchanges to for-profit and then shareholder companies in order to go public.)

BSE of India

BSE includes two leading global exchanges, Deutsche Bourse and Singapore Exchange as strategic partners. Also recently with S&P DOW JONES INDICES on 19 February 2013

No 1 S.E in terms of listed members 5th most active S.E in handling transactions through electronic traded system. Indias 1st S.E $ 2nd in the world to obtain an ISO 9001:2000 certification. 1st in country and 2nd in world to receive Information Security Management System Standard BS 7799-2-2002 certification for its On-Line trading System (BOLT-8 million orders per day ).

History of
Started with a group of four Gujarati and one Parsi stockbroker under banyan trees in front of Mumbai's Town Hall. Moved to Dalal Street in 1874 and in 1875 became an official organization known as 'The Native Share & Stock Brokers Association'. In 1956 , 1st S.E recognized by India. In 1986 - BSE SENSEX index switched to an electronic trading system in 1995.

Managing Director & CEO

Mr. Ashish Chouhan BSE India.

BSEs popular equity index - the S&P BSE SENSEX [Formerly SENSEX ] - is India's most widely tracked stock market benchmark index. It is traded internationally on the EUREX as well as leading exchanges of the BRCS nations (Brazil, Russia, China and South Africa). SENSEX 30 companies

SENSITIVE

INDEX

SENSEX

Advantages of
Efficient and transparent market for trading in equity, debt instruments, derivatives, mutual funds trading in equities of small-and-medium enterprises (SME). Around 6000 companies are listed in BSE. Offer services to capital market participants including risk management, clearing, settlement, market data services and education.

Trading hours

The hours of operation for the BSE quoted above are stated in terms the local time (GMT + 5:30). BSE's normal trading sessions are on all days of the week except Saturday, Sundays and holidays declared by the Exchange. Trading Session09:15 - 15:30

Listing Procedure In Stock Exchange


Listing : Process of including securities of a company in a S.E for the purpose of trading . The objectives of listing are mainly to : provide liquidity to securities; mobilize savings for economic development; protect interest of investors by ensuring full disclosures. Listing procedure is regulated under the guidance of Securities contract Regulations Act and SEBI.

What all are needed while listing down in S.E ?


Important documents of company like Memorandum of association Article of association Prospectus, directors report Annual accounts Companys activities ,capital structure, distribution of dividends, shares and bonus. All these details along with application for listing .

NSE listing procedure


Securities listed on the Exchange are required to fulfil the eligibility criteria for listing.

Eligibility Criteria for Listing


IPOs by Companies 1. The paid up equity capital of the applicant shall not be less than Rs. 10 crores and the capitalisation of the applicants equity shall not be less than Rs. 25 crores

2. The Issuer shall have adhered to conditions precedent to listing as emerging from inter-alia from Securities Contracts (Regulations) Act 1956, Companies Act 1956, Securities and Exchange Board of India Act 1992. 3. At least three years track record. 4. The applicant desirous of listing its securities should satisfy the exchange on the following: a) No disciplinary action by other stock exchanges and regulatory authorities in past three years b) Redressal Mechanism of Investor grievance c) Distribution of shareholding d) Details of Litigation e) Track Record of Director(s) of the Company

Listing Process An Issuer has to take various steps prior to making an application for listing its securities on the NSE. These steps are essential to ensure the compliance of certain requirements by the Issuer before listing its securities on the NSE. The various steps to be taken include: Approval of Memorandum and Articles of Association Approval of draft prospectus Submission of Application Listing conditions and requirements

Listing fee

Listing agreements
When company is eligible for listing its securities , the company should be required to execute listing agreements with S.E. Listing agreements contains obligations and restrictions imposed on company by S.E.

BSE listing procedure


A company intending to have its securities listed on BSE has to comply with the listing requirements prescribed by it. Some of the requirements are as under :
Minimum Listing Requirements for New Companies Minimum Requirements for Companies Delisted by BSE seeking relisting on BSE Permission to Use the Name of BSE in an Issuer Company's Prospectus Submission of Letter of Application Allotment of Securities Trading Permission Requirement of 1% Security Payment of Listing Fees Compliance with the Listing Agreement Cash Management Services (CMS) - Collection of Listing Fees

1. Minimum Listing Requirements for New Companies


The following eligibility criteria have been prescribed for listing of companies on BSE, through Initial Public Offerings (IPOs) & Followon Public Offerings (FPOs): The minimum post-issue paid-up capital of the applicant company shall be Rs. 10 crore for IPOs & Rs.3 crore for FPOs; and The minimum issue size shall be Rs. 10 crore; and The minimum market capitalization of the Company shall be Rs. 25 crore The applicant, promoters and/or group companies, shall not be in default in compliance of the listing agreement. The above eligibility criteria would be in addition to the conditions prescribed under SEBI (Issue of Capital & Disclosure Requirements) Regulations, 2009.

Following process takes place : Submission of Letter of Application Allotment of Securities Trading Permission Requirement of 1% Security Listing fees Compliance with the Listing Agreement

Listing fees