List of exchanges in India? Is there even going to be a ‘list’? We all know there are only 2 exchanges in India, BSE and NSE, right? Most of the investors in India don’t actually know that there are several exchanges in India, for stocks, commodities, futures, etc.
Let us have a look at all the Exchanges in India…
Table of Content…
- 1. National Stock Exchange (NSE)
- 2. Bombay Stock Exchange (BSE)
- 3. Calcutta Stock Exchange (CSE)
- 4. India International Exchange (India INX)
- 5. Metropolitan Stock Exchange (MSE)
- 6. Multi Commodity Exchange (MCX)
- 7. Indian Commodity Exchange (ICEX)
- 8. National Commodity and Derivatives Exchange (NCDEX)
- 9. NSE IFSC
- 10. National Spot Exchange Ltd (NSEL)
- 11. Indian Energy Exchange (IEX)
- 12. Petroleum Exchange of India (PetEx)
1. National Stock Exchange (NSE)
One of the two most obvious names that strike one’s mind when referring to stock exchanges in India is the National Stock Exchange (NSE). It is India’s leading stock exchange, located in Mumbai, Maharashtra.
It was established in the year 1992 as the first dematerialized electronic exchange in the nation to provide a seamless, modern and fully automated screen-based electronic trading system.
There are over 1600 companies listed on the National Stock Exchange (NSE).
NIFTY 50 is the flagship index that tracks the weighted mean of 50 of the largest (blue-chip) Indian companies listed on the NSE.
2. Bombay Stock Exchange (BSE)
The other obvious name that comes to mind when referring to stock exchanges in India is the Bombay Stock Exchange (BSE). It was established in the year 1875 and is Asia’s oldest stock exchange. It is located on Dalal Street in Mumbai, Maharashtra.
In Marathi, the term Dalal refers to ‘broker’ and the expression “Dalal Street” as a whole has become a generic word for India’s capital markets and the financial sector when referring to stock market in India.
The BSE has a record 5000 companies listed on its exchange, that is the largest number of listed companies anywhere in the world.
SENSEX is the flagship index that tracks the weighted mean of 30 of the most reputed Indian companies listed on the BSE.
3. Calcutta Stock Exchange (CSE)
Many new investors/traders have not heard of this stock exchange as it is slowly fading into oblivion. It was established in the year 1908 and is the second oldest stock exchange in India, located in Lyons Range, Kolkata.
In accordance with the relevant provisions of the Securities Contracts Act (Regulation), 1956, the Government of India granted CSE permanent recognition in the year 1980. The Bombay Stock Exchange (BSE) has acquired 5% of CSE’s shares, for strategical investment purposes.
The Calcutta Stock Exchange was also stalled in the year 2001, after a ₹120-crore scandal involving the infamous stockbroker Ketan Parekh.
With almost 20 regional stock exchanges having voluntarily been removed due to SEBI’s strict anti-RSE (RSE: Regional Stock Exchange) policy, CSE is still fighting a lone war to be relevant today.
Image Source: https://www.cse-india.com/
4. India International Exchange (India INX)
India INX is the first and only international stock exchange in India. It began operations in the year 2017 and is entirely owned by the Bombay Stock Exchange (BSE). It is located in International Financial Services Centre, GIFT City, Gujarat.
With a turnaround time of 4 microseconds, it is the fastest exchange in the world. India INX is operational 22 hours a day, six days a week. It works in two sessions:
- 4:30 am to 5:00 pm 2. 5:01 pm to 2:30 am
India INX has also initiated a Global Securities Market in India, which links global investors with Indian and foreign institutions.
5. Metropolitan Stock Exchange (MSE)
Metropolitan Stock Exchange (MSE) was recognized by SEBI on 16th September 2008 and is acknowledged as a ‘Recognized Stock Exchange’ under the Companies Act, 1956, by the Ministry of Corporate Affairs since December 21, 2012. It is located in Mumbai, Maharashtra.
MSE provides an advanced platform for trading on the Indian stock exchange where users can trade futures & options, currency derivatives and debt market segments.
MSE shareholders include Indian public sector banks, private sector banks, investors and CAG authorized domestic financial institutions.
6. Multi Commodity Exchange (MCX)
Multi Commodity Exchange (MCX) is India’s leading and largest commodity derivatives exchange. It was established in the year 2003 and is located in Mumbai, Maharashtra.
In 2012, it became the first Indian exchange to make an IPO, which made MCX India’s only publicly listed exchange at that time.
Various commodities are traded on the MCX that includes Metals: Aluminium, Copper, Lead, Nickel, Zinc; Bullion: Gold, Gold Mini, Gold Guinea, Gold Petal, Gold Global, Silver, Silver Mini, Silver Micro, Silver 1000; Agriculture commodities: Cardamom, Castor seed, Cotton, Crude Palm Oil, Kapas, Mentha Oil, RBD Palmolien, Black Pepper; Energy: Crude Oil, Natural Gas.
7. Indian Commodity Exchange (ICEX)
Indian Commodity Exchange (ICEX) is a recognized commodity exchange with a demutualized corporate structure, online trading, clearing, and is governed by the Securities and Exchange Board of India (SEBI). It is located in Navi Mumbai, Maharashtra.
The Exchange began the trade activity with the launch of its 1-carat Diamond Derivative contract, after securing the authorization to begin its trading operation from SEBI, on August 28, 2017.
ICEX was the world’s first exchange to launch Diamond Derivative Contracts. On 28 August 2018, precisely on its first anniversary, the exchange launched a Steel Long contract.
8. National Commodity and Derivatives Exchange (NCDEX)
National Commodity and Derivatives Exchange (NCDEX) is an agriculture-based commodity exchange in India. It was established in the year 2003 and is located in Mumbai, Maharashtra.
NCDEX contains a large array of commodities – a total of 22 allowed on the online platform for trading. Commodities include spices and pulses that are not traded on any other online platform in the world.
These commodities are essential to the country’s global trade, which are economically pertinent to India.
9. NSE IFSC
NSE IFSC is entirely owned by the National Stock Exchange (NSE). It was incorporated in the year 2016 and is based in the International Financial Services Center (IFSC), GIFT City, Gujarat.
The exchange offers trade in securities in any currency other than the Indian rupee.
NSE IFSC normally operates in two trade sessions for 16 hours a day, six days a week. It works in two sessions:
- 8:00 am to 5:00 pm 2. 5:30 pm to 11:30 pm
10. National Spot Exchange Ltd (NSEL)
The National Spot Exchange Ltd (NSEL) was India’s first electronic commodities spot exchange created in view of India’s vision for developing a ‘single market’ for both produced and agricultural goods. It was incorporated in the year 2005 and is located in Mumbai, Maharashtra.
NSEL commenced operations in October 2008, providing an electronic trading platform to willing participants for spot trading of commodities, such as bullion, agricultural produce, metals, etc.
The trading operations of NSEL are suspended since August 6, 2013.
11. Indian Energy Exchange (IEX)
Indian Energy Exchange (IEX) commenced it’s operations in the year 2008 and has its headquarters in New Delhi.
It is India’s first and largest energy exchange offering a national electronic trading network for the physical delivery of electricity, renewable energy certificates, and energy saving certificates.
The Exchange Platform facilitates effective price discovery and enhances the usability and openness of the Indian power market while at the same time improving the speed and reliability of trade execution.
12. Petroleum Exchange of India (PetEx)
Petroleum Exchange of India (PetEx) is an online portal built in partnership with NCDEX e-Market Limited (NeML) (a wholly-owned subsidiary of NCDEX). It was incorporated in the year 2010 and is located in Mumbai, Maharashtra.
It is an e-market platform primarily for petroleum commodities. PetEx is the trading place where oil refineries, industries, importers, exporters, retailers, dealers and re-sellers can buy and sell at the most competitive market rates.
PetEx is also the first delivery-based spot market (e-Market platform) for the trading of petroleum products in India.
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