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Facts Of Stock Market Revive By Nse India

National Stock Exchange of India

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National Stock Exchange of India

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Since its inception in 1992, National Stock Exchange of India has been at the vanguard of change in the Indian securities market. This period has seen remarkable changes in markets, from how capital is raised and traded, to how transactions are cleared and settled. The market has grown in scope and scale in a way that could not have been imagined at the time. Average daily trading volumes have jumped from Rs. 17 crore in 1994-95 when NSE started its Cash Market segment to Rs.11,325 crore in 2008-09. Similarly, market capitalization of listed Indian firms went up from Rs.363,350 crore at the end of March 1995 to Rs.2,896,194 crore at end March 2009. Indian equity markets are today among the most deep and vibrant markets in the world. This transformation was the result of a number of initiatives led by the Government, market regulators and infrastructure providers like exchanges and depositories. NSE’s efforts in this area have included the creation of the first clearing corporation in the country in the form of the National Securities Clearing Corporation Limited (NSCCL). NSCCL today provides central counterparty services and manages settlement risk for multiple products, and is a major factor in the confidence market participants have in the ability of Indian markets to handle extreme shocks without causing any defaults. NSCCL is also the first clearing corporation in the country to receive. NSE has many other firsts to its name, including the first systematic process of member inspections, a sophisticated market surveillance system, and a country wide high capacity data network supporting close to 200,000 dealer terminals. The year 2008-09 was an eventful year for NSE, as it saw the launch of new and important products for the securities market. Introduction of Mini Nifty Futures and Options contracts on S&P CNX Nifty during the year has given retail investors an increased...