Major Stock Exchanges in India

A Stock exchange is an organised market for buying and selling shares and other securities. There are 23 stock exchanges in India are established. 21 are regional and two are national. Bombay Stock Exchange and National Stock Exchange (NSE) are the two national stock exchanges in India. SEBI is the regulatory and coordinating body for the functioning of the stock markets in India. Presently there are seven stock exchanges in india and the remaining stock exchanges are closed. Present Stock Exchanges are

1. Bombay Stock Exchange

2. National Stock Exchange

3. Calcutta Stock Exchange Ltd. 

4.  National Commodity & Derivatives Exchange Ltd.

5. Metropolitan Stock Exchange of India Ltd 

6. Indian Commodity Exchange Limited 

7. Multi Commodity Exchange of India Ltd.

■ OTCEI (Over the Counter Exchange of India)

Over the Counter Exchange of India was incorporated under the provisions of the Companies Act 1956 as a public limited company. It is a recognised stock exchange under the Securities Contracts (Regulation) Act, 1956. OTCEI is promoted by the Unit Trust of India, Industrial Credit & Investment Corporation of India, the Industrial Development Bank of India and the Industrial Finance Corporation of India and others. OTCEI closed in 2015.

■ National Stock Exchange (NSE)

The National Stock Exchange of India came into existence in 1992. The National Stock Exchange was approved in April 1993. In 1995, NSE became the largest stock exchange in India. It is located in Mumbai. The market index of the National Stock Exchange is known as Nifty. It is determined based on the market value of the shares of 50 companies listed on the NSE. On 1998 June 15, National Stock Exchange was launched two new Reference Rates for the loans of Inter-Bank Call Money Market. These rates are MIBOR (Mumbai Inter-Bank Offer Rate) and MIBID (Mumbai Inter-Bank Bid Rate). MIBOR will be the indicator of Lending Rate for loans while MIBID will be the lending rate of receipts.

■ Bombay Stock Exchange (BSE)

The Bombay Stock Exchange, the first stock exchange in India, was established in 1875. The Bombay Stock Exchange is located on Dalal Street in Mumbai. The institution operates in the 'Firoz Jijabai Towers'. The original name of BSE was The Native Share and Stock Brokers Association. It received permanent recognition from the Central Government in 1956. D.S. Prabhudas and Company (DSP) was the first company to be registered on the Bombay Stock Exchange. It also has the distinction of being the first stock exchange in Asia. The BSE stock index is known as the Sensex (since 1986). Sensex is an abbreviation of Sensitive Index. The term Sensex was coined by Deepak Mohoni. Sensex is determined based on the change in the market value of shares of 30 companies listed on the exchange. BSE introduced computer online trading named BOLT - BSE Online Trading in May 1995. 

■ India INX

India International Exchange (IFSC) Limited, also known as India INX, is a stock exchange market which is a subsidiary of BSE (Bombay Stock Exchange) Ltd. It is India's first international exchange and is located at the Gujarat International Finance Tec-City (GIFT City) of Gandhi Nagar, Gujarat.

■ Cochin Stock Exchange (CSE)

Cochin Stock Exchange was an Indian stock exchange in Kerala fully owned by the Government of India. Cochin Stock Exchange (CSE) was established in 1978. Cochin Stock Exchange have membership in National Stock Exchange and Bombay Stock Exchange. Cochin Stock exchange stopped its trade in 2005 and closed in 2014.

■ Delhi Stock Exchange (DSE)

Delhi Stock Exchange (DSE), one of the oldest Stock Exchanges in india was established in the year 1947. Delhi Stock Exchange adopted computer online trading named DOTS (Delhi Online Trading System) from January 29, 1996. Delhi Stock exchange closed in 2017.

■ Securities and Exchange Board of India (SEBI)

The Securities and Exchange Board of India (SEBI) is the regulatory and coordinating body for the functioning of the stock markets in India. SEBI was established in 1988. It became a statutory body under the Securities and Exchange Board of India Act, 1992. SEBI came into existence on the recommendation of the G.S. Patel Committee. In India, SEBI is known as the "Regulator of Credit Rating Agencies". SEBI is headquartered in Mumbai.