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Mumbai's (earlier known as Bombay), Bombay Stock Exchange is the largest, with over 6,000 stocks listed. The BSE accounts for over two thirds of the total trading volume in the country. The national stock exchange (nse), located in Bombay, is India's first debt market.
Mumbai's (earlier known as Bombay), Bombay Stock Exchange is the largest, with over 6,000 stocks listed. The BSE accounts for over two thirds of the total trading volume in the country. The national stock exchange (nse), located in Bombay, is India's first debt market.
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Mumbai's (earlier known as Bombay), Bombay Stock Exchange is the largest, with over 6,000 stocks listed. The BSE accounts for over two thirds of the total trading volume in the country. The national stock exchange (nse), located in Bombay, is India's first debt market.
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where trading of shares is done in terms of sale and purchase. BSE: The Bombay Stock Exchange There are 23 stock exchanges in the India. Mumbai's (earlier known as Bombay), Bombay Stock Exchange is the largest, with over 6,000 stocks listed. The BSE accounts for over two thirds of the total trading volume in the country. Established in 1875, the exchange is also the oldest in Asia. Among the twenty-two Stock Exchanges recognized by the Government of India under the Securities Contracts (Regulation) Act, 1956, it was the first one to be recognized and it is the only one that had the privilege of getting permanent recognition ab-initio. Scrip’s at BSE • ACC • MARUTI • AIRTEL • MAHINDRA & MAHINDRA • BHEL • NTPC • DLF • ONGC • GRASIM • RANBAXY • GUJRAT AMBUJA • RELIANCE COMMUNICATION • HDFC • RELIANCE INFRASTRUCTURE • HDFC BANK • RIL • HINDALCO • STERLITE INDUSTIES LTD • HUL • SBI • ICICI BANK • TCS • INFOSYS • TATA MOTERS • • TATA STEEL SUN Pharma IND. LTD • ITC • TATA POWER COMPANY LTD • L&T • WIPRO NSE: National Stock Exchange The National Stock Exchange (NSE), located in Bombay, is India's first debt market. It was set up in 1993 to encourage stock exchange reform through system modernization and competition. It opened for trading in mid-1994. It was recently accorded recognition as a stock exchange by the Department of Company Affairs. The instruments traded are, treasury bills, government security and bonds issued by public sector companies How are the SENSEX 30 Stocks are selected? • Listing History • Trading Frequency • Rank based on the Market Cap (Should be Among top 100) • Market Capitalization weight • Industry / sector they belong • Historical Record NIFTY
The National Stock Exchange (NSE) is associated
with NIFTY and it is also calculated by the same methodology but with two key differences. 1. Base year is 1995 and base value is 1000. 2. NIFTY is calculated based on 50 stocks.
Everything else remains the same in NIFTY Index
calculation as well. Clearing and settlement Once you have bought or sold shares, the transaction is complete only when you have got the shares you purchased, or received money for the shares you sold. This is called settlement in stock market parlance. The stock exchanges have a complex mechanism in place to ensure that every trade is properly matched, and shares are received or delivered properly. In case of a shortfall of securities, an auction is resorted to close out the difference. The mechanism through which all parties to a transaction get their receivables i.e. either funds or shares is known as ‘clearing and settlement’ or simply ‘settlement’. Settlement agents • On each of the exchanges, thousands of orders get matched with each other during the course of a trading cycle. • Even though for each trade there is a buyer broker and a seller broker, they never interact with each other for the settlement of that trade. • Their interaction is only with the settlement agency of their exchange. • When an investor enters into a transaction with a broker, either the shares or funds have to be delivered to the broker. • In turn, the broker delivers these to the settlement agent on ‘pay-in day’ (explained in the next section). • Having made sure that it has received shares and funds from all brokers, it processes the deliveries and earmarks the shares for delivery to the buyer broker. • For trades on BSE, the settlement agent is called as ‘Clearing House (CH)’ while on NSE it is ‘National Securities Clearing Corporation Ltd. (NSCCL)’ Clearing House – Settlement Agent of the BSE • The clearing and settlement operations of the BSE is managed by a company called BOI Share Holding, which is a subsidiary of Bank of India and BSE and is known as ClearingHouse. • All settlements for securities are through the ClearingHouse on a delivery versus payment (DVP) basis. National Securities Clearing Corporation – Settlement Agent of NSE • The clearing and settlement operations of the NSE are managed by its wholly owned subsidiary, the National Securities Clearing Corporation Limited, also known as Clearing Corporation. • Common settlement processes on both exchanges • The broker directly carries out settlements of physical securities with the ClearingHouse/ Clearing Corporation. Settlement Cycle on the BSE • The settlement cycle on the BSE is Trade plus two days, or T+2, as per a Sebi directive implementing this new cycle from April 1, 2003. • Under rolling settlement, trades done on one day are settled after a certain number of days. • So, T+2 will mean that the final settlement of transactions done on the Trade day, will be settled by exchange of money and securities on the second business day (excluding Saturday, Sundays, Bank and Exchange Trading Holidays). • Pay-in and Pay-out for 'A', 'B1', 'B2', ‘T’, ‘S’, ‘TS’, 'C', "F", "G" & 'Z' group of securities Settlement is done on a T+2 basis. The pay- in/pay-out process will be settled on the T+2 day. THANK YOU