All Stock Exchange in India:-
1) Bombay Stock Exchange (BSE)
We will discuss more on this stock exchange as BSE has a beautiful history.
Established in 1875, the Bombay Stock Exchange is not only the oldest stock exchange in India but also the oldest stock exchange in the whole of Asia.
The market capitalization of all the companies listed on the BSE is 2.2 trillion - the tenth highest in the world.
BSE has an interesting history.
More than 160 years ago, in the 1850s, five stockbrokers first gathered under a banana tree.
In the 1850s, five town brokers gathered under a banyan tree in front of the Mumbai Town Hall. The place where Hormon Circle is now.
A few years later, brokers at the junction of Meadows Street - formerly Esplanade Road (now MGP Road).
Due to the increase in the number of brokers, they had to go to places frequently. Finally, in 1874, the brokers got a permanent seat. The new place is called 'Dalal Street' which means Dalal Street in English.
The group became the official body of the Native Share and Stock Brokers Association in 1975.
Many years later, the institution came to be known as the Bombay Stock Exchange. There was also a stock exchange officially recognized by the Government of India.
1986 BSE launched the first Sensex in India, which was used to measure the overall performance of the stock market.
In those years, there would be open floor trading using the Outcry system.
In 1995 BSE moved to its electronic trading system - which is in use today.
Let's move on to the next stock exchange.
2) National Stock Exchange (NSE)
The stock exchange, which bought and sold shares of countries, underwent a revolution.
Established in 1992, the National Stock Exchange (NSE) is the first to offer a modern, fully automated screen-based electronic trading system.
Suddenly, people could easily trade from anywhere in the country and the world.
Stock price information, previously accessible by a few influential people, is now visible to anyone from anywhere.
Transparency, simplicity, and accessibility - all achieved and the result was spectacular.
Today NSE is far ahead of BSE in terms of volume and turnover.
Go to any company's stock page on Moneycontrol or any other website and see the 'Volume' column. NSEs are generally 10-20 times more stocks than BSEs.
When NSE was launched, it could handle 2 orders per second. In 2001, it could handle up to 60 orders per second. Now it can handle more than 160,000 orders per second.
This system has become faster, more efficient, more secure, and completely cashless.
The company is expected to be listed on the stock exchange soon. The hype surrounding the IPO will be very high.
3) Calcutta Stock Exchange
It all started in 1830 under the 'neem tree' when the herd of brokers first signed the contract.
The first CSE was introduced in 1901. It was known as the 'Calcutta Stock Exchange Association and was located at 2 Chin Bazar Street, Kolkata. The present building in Lyons Range (Kolkata) was constructed in 1928.
The CSE followed the floor-to-ceiling agitation system from 1997 to 1997 when the electronic trading system was introduced.
Notably, BSE has a 5% stake in CSE.
The Calcutta Stock Exchange also has a 40 CSE 40 'index - similar to the Sensex and Nifty 50'. Since April 2013, its index has stopped updating.
Although considered a permanent stock exchange, the CSE is no longer traded.
SEBI, along with several other smaller stock exchanges, has asked to exit the Calcutta Stock Exchange. The case is currently in court.
The CSE will be considered an active stock exchange until the court gives its verdict - even if it is inactive.
4) Metropolitan Stock Exchange of India
The Metropolitan Stock Exchange of India (MSEI) is one of the only stock exchanges in India - where individual stocks can be traded. The other two are clearly BSE and NSE.
At the time of writing, 1798 companies were allowed to trade on MSEI. You can see the full update list at this link.
The company was founded in November 2008 and started operations in February 2009.
MSEI is a full-service national-level stock exchange with licenses to operate on equity, equity derivatives, currency derivatives, debt, and SME platforms.
5) India International Exchange (India INX)
India INX is not a regular stock exchange where individual stocks are traded. Derivatives and debt are the departments in which it works.
Inaugurated by Prime Minister Narendra Modi in January 2017, India INX is the fastest exchange in the world. It works on the Eurex T7 platform, one of the most advanced technologies in the world.
Since India INX is targeting international investors - it works 22 hours a day and runs days a week. This time is convenient for NRIs and global investors who work in different time zones.
India INX was founded by the Bombay Stock Exchange.
6) NSE International Exchange (NSE IFSC)
NSE IFSC India is similar to INX. It adheres to the international investor and NRI community.
It was established in November 2016 and is headquartered in Gandhinagar, Gujarat.
NSE IFSC does not trade individual shares. It is allowed to trade in derivative segments (futures and options) - including equities, commodities, and currencies.
NSE IFSC is open for about 16 hours. The first session is between morning and evening. The second session is between 5:02 and 11:30 p.m.
7) Exchange of national goods and derivatives
NCDEX is only allowed to trade in the Commodity Derivatives segment. This means that you are actively trading in turmeric, soybeans, refined oil, wheat, gram, and other types of seeds.
NCDEX was established in the year 2003 in Mumbai. It is said to have more than 30 lakh subscribers - who trade at more than 50,000 terminals at 1000 centers across India.
8) Multi Commodity Exchange of India (MCX)
MCX is the largest commodity exchange in India. It is headquartered in Mumbai.
Companies do not trade on multi-commodity exchanges. Gold, silver, other metals, crude oil, natural gas, and agricultural commodities such as cardamom, black pepper, crude palm oil, rubber, cotton, etc. are traded.
MCX stocks are listed on NSE and BSE.
9) Commodity Exchange of India (ICEX)
Again, ICEX is not a stock exchange. Commodity exchange means getting goods.
ICX received permission for trading operations in July 2017. He was the first to sign the Ures Diamond Futures deal in August 2017.
One year later, in August 2018, they launched India's first Ures Steel Futures Agreement. Later that year, NMCE (India's oldest barter) merged with ICEX.
They are active stock exchanges in India. Only three of them - BSE, NSE, and MSEI - are allowed to trade in the equity cash segment. The rest are in commodities and derivatives.
The three most popular exchanges are NSE, BSE, and MCX.
These are all stock exchanges currently regulating in India.
Old stock exchanges in India
You should also know that there are more than 20 other stock exchanges in India. The history of some of them is interesting.
We will cover everyone here. Go ahead and read it if you want to know about the history of stock exchanges in India.
1) Ahmedabad Stock Exchange
The Ahmedabad Stock Exchange (ASE) is the second oldest stock exchange in India after the Mumbai Stock Exchange.
For more than 90 years, the exchange operated under the old Heritage Building - until 1996.
The old heritage building is now called the 'Old Stock Exchange'.
The second oldest stock exchange in India - Ahmedabad Stock Exchange 1 continued from 1996 to 1996.
1 In 1996, ASE moved into a new building. That same year, they went completely electronic into the system provided by IBM.
However, SEBI decided to close the regional stock exchange with a turnover of less than Rs 100 crore and a turnover of less than Rs 1,000 crore. The decision led to the permanent closure of ASE in April 2018.
2) Delhi Stock Exchange
First established on June 25, 1947, the Delhi Stock Exchange (DSE) was the 5th stock exchange in India.
It was the largest stock exchange with more than 3000 listed companies. Its terminals were well connected to major cities.
SEBI allowed DSE to exit the stock exchange in January 2017
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3) Guwahati Stock Exchange
Also known as Guwahati Stock Exchange, it was established on November 29, 1983. GSE was well aligned with NSE and allowed its members to conduct screen-based trading.
GSE had 200 listed companies before allowing them to exit the stock exchange in January 2015
4) Jaipur Stock Exchange
At one time, the Jaipur Stock Exchange (JSE) was the third-largest in India in terms of membership. It was founded in 1989.
More than 750 companies were listed on the JSE, and the average day-to-day turnover was more than 8 80 million before accepting the SEBI guidelines and closing its business in March 2015.
5) Madhya Pradesh Stock Exchange
The Madhya Pradesh Stock Exchange (MPSE) was the third oldest stock exchange in India. It was called a major exchange at the time of the seafloor aggression system.
Establishment of MPSE 1919. During the peak, about 320 companies were listed on the MPSE exchange.
After partnering with NSE and BSE, MPSE became the only regional stock exchange in India to provide an independent trading platform for its members.
In 2014 In, SEBI asked MPSE to set up its own platform with a net worth of Rs 100 crore. In 2015 In, SEBI approved DPSE for failing to do so.
6) Pune Stock Exchange
On September 1, 1982, the Government of India approved the Pune Stock Exchange (PSE) for a period of 5 years. Membership was renewed from time to time.
When the stock exchange had an annual turnover of Rs 1,000 crore as per SEBI norms, the PSE was doing very little.
PSE voluntarily decided to exit the stock exchange in April 2015.
7) Mangalore Stock Exchange
Established back in 1984, the Mangalore Stock Exchange (MGSE) was officially recognized by the government in September 1985.
The final renewal was by September 2003 after several renovations.
In August 2004, SEBI decided to recognize the Mangalore Stock Exchange. In September 2001, the Chief Minister of Karnataka laid the foundation stone of the new building.
8) Vadodara Stock Exchange
The Vadodara Stock Exchange (VSE) first started operations in 1990. This was known as the permanent stock exchange.
Again, this was the annual decision of SEBI's annual turnover - VSE closed in 2015-2015.
9) Uttar Pradesh Stock Exchange
The UP Stock Exchange (UPSE) was inaugurated in August 1982 by the late President of India, the late Pranab Mukherjee.
It was the major stock exchange in North India with over 550 members.
Due to the non-existence of the internet, UPSE played an important role in increasing interest in the capital market in the state of Uttar Pradesh.
SEBI allowed UPSE to exit the stock exchange business in 2015.
10) Bangalore Stock Exchange
The Bangalore Stock Exchange (BGSE) was established in 1963. It was a popular stock exchange before the stock exchange decided to go out of business in 2014 due to a SEBI order.
11) Madras Stock Exchange
Like all other exchanges, SEBI's decision led to the closure of the Madras Stock Exchange (MSE).
Founded in 1937, MSE was the fourth stock exchange in India.
It was a large exchange with about 1800 listed companies.
12) Cochin Stock Exchange
Another stock exchange collapsed due to low turnover. The Cochin Stock Exchange (CSE) was ranked fourth in the country during its peak.
However, the difference between the top 2 (NSE, BSE) and others was huge.
CSE closed its trading operations in 2005 and closed the stock exchange in 2014.
Other stock exchanges in India closed due to SEBI decision:
1) Ludhiana Stock Exchange
2) Bhubaneswar Stock Exchange
3) Coimbatore Stock Exchange
4) Hyderabad Stock Exchange
5) Magadha Stock Exchange
6) Trivandrum Stock Exchange
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