Professional Documents
Culture Documents
Stock Market refers to a market place where investors cab buy and sell stocks. The price at which each
buying and selling transaction takes I determined by the market forces. Here market forces are demand and
supply for a particular stock.
In earlier times, stock brokers assembles at a stock exchange to purchase and sale stock or in one word to
make transactions. But now stock market became paperless. Almost all transaction are done electronically.
*Important Points*
Bombay Stock Exchange (BSE) is a stock exchange located on Dalal Street, Mumbai. Bombay Stock
Exchange is the oldest Stock Exchange in Asia. This stock exchange was initially started by five stock
broker outside Mumbai Town hall Under a banyan tree in 1850. In 1875 it become an official organization
known as The Native Share & Stock Brokers Association.
After Independence, In 1956 Bombay Stock Exchange became the first stock exchange to be recognized by
the Indian Government under the Securities Contracts Regulation Act.
National Stock Exchange of India (NSE) In order to lift the Indian stock market trading system on par with
the International standards and on the basis of the recommendations of high powered Pherwani Committee,
the National Stock Exchange was incorporated in 1992 by Industrial Development Bank of India, Industrial
Credit and Investment Corporation of India, Industrial Finance Corporation of India, All Insurance
Corporations, Selected commercial banks and others.
The National Stock Exchange (NSE) is the 9th largest stock exchange in the world by market capitalization
and largest in India by daily turnover and number of trades, for both equities and derivative trading. NSE is
located in Mumbai, Maharastra.