National Stock Exchange of India
National Stock Exchange of India Limited, also known as the National Stock Exchange, is an Indian stock exchange based in Mumbai. It is the 5th largest stock exchange in the world by total market capitalization, exceeding $5 trillion in May 2024.
NSE is under the ownership of various financial institutions such as banks and insurance companies. As of 2024, it is the world's largest derivatives exchange by number of contracts traded and the third largest in cash equities by number of trades for the calendar year 2023.
History
National Stock Exchange was incorporated in 1992 to bring about transparency in the Indian equity markets. NSE was set up at the behest of the Government of India, based on the recommendations laid out by the Pherwani committee in 1991 and the blueprint was prepared by a team of five members along with R H Patil and SS Nadkarni who were deputed by IDBI in 1992. Instead of trading memberships being confined to a group of brokers, NSE ensured that anyone who was qualified, experienced, and met the minimum financial requirements was allowed to trade.NSE commenced operations on 30 June 1994 starting with the wholesale debt market segment and equities segment on 3 November 1994. It was the first exchange in India to introduce an electronic trading facility. Within one year of the start of its operations, the daily turnover on NSE exceeded that of the BSE.
Operations in the derivatives segment commenced on 12 June 2000. In August 2008, NSE introduced currency derivatives.
In 2012, NSE launched the NSE EMERGE platform for the listing of small and medium-sized enterprises and startup companies in India.
In May 2013, NSE launched India's first dedicated trading platform for debt-related products.
In June 2017, NSE established the NSE International Exchange, which is a universal multi assets exchange headquartered in the GIFT City. NSE IX is the second international stock exchange of India, after the India International Exchange, which is also headquartered in GIFT City.
In 2023, NSE launched the Social Stock Exchange to allow social enterprises, including non-profit organisations, raise funds from the public.
Trading
Listings
As of December 2024, NSE has 2,671 companies listed, with 2,084 companies listed on the mainboard and 587 companies listed on its SME platform−NSE EMERGE. Total market capitalization of NSE-listed companies was 438.9 lakh crore, as of 31 December 2024.As of December 2023, there were 190 ETFs listed on the NSE, including ETFs on equity, debt and commodity asset classes. The first InvIT listed on the NSE in 2017 and the first REIT in 2019.
As of January 2025, NSE has over 11 crore unique registered investors.
Indices
operates NSE's broad-based, sectoral, thematic, strategy and fixed-income indices. The flagship index NIFTY 50 was launched on 22 April 1996, with a base value of 1,000 on the base date of 3 November 1995.Derivatives
The NSE allows trading of futures and options contracts of indices and single stock contracts.On 3 May 2012, the National Stock exchange launched derivative contracts on FTSE 100, a widely tracked index of the UK equity stock market. On 10 January 2013, the National Stock Exchange signed a letter of intent with the Japan Exchange Group, Inc. for the launch of NIFTY 50 index futures on the Osaka Securities Exchange.
Corporate affairs
Stakeholders
As of March 2025, state-owned Indian investors in NSE include Life Insurance Corporation, State Bank of India, SBI Caps and Stock Holding Corporation of India Limited. Private equity investors include Aranda Investments Mauritius Pte Ltd, PI Opportunities Fund I and MS Strategic Mauritius Pte Ltd.Leadership
The list of CEO and MDs of NSE includes:Subsidiaries
- NSE Indices Limited
- NSE International Exchange, via NSE IFSC Limited
- NSE Clearing Limited
- NSE NSEIT Limited
- NSE Infotech Services Limited
- NSE Cogencis Information Services Limited
- NSE IFSC Clearing Corporation Limited
- NSE Investments Limited
- NSE Data & Analytics Limited
- NSE Academy Limited
Departments
- Surveillance & Investigation
- Inspection & Compliance
- Legal, ISC & Arbitration
- Listing
- Member Service Department
- Membership
- Finance & Accounts
- Systems & Telecom
- Corporate Communications
- Exchange Compliance
Financial literacy
At present, certifications are available in 46 modules, covering different sectors of financial and capital markets, both at the beginner and advanced levels. The list of various modules can be found at the official site of NSE India. In addition, since August 2009, it has offered a short-term course called NSE Certified Capital Market Professional.