Are you ready to start your stock trading journey and learn more about this space? You have come at the right place as this article will take you to the world of stock exchanges in India.
You must have heard of two stock exchanges in India – NSE and BSE but to cater to millions of investors, multiple stock exchanges have come into existence over time.
List of Stock Exchanges in India
Here is the list of stock exchanges in India that is prevalent in today’s time.
1. Bombay Stock Exchange (BSE)
BSE was established in 1875 and is the oldest stock exchange market in Asia. Its main responsibility is to create an efficient and transparent market for all financial trading-related activities, including equities, mutual funds, and currencies. BSE has multiple subsidiaries, including Indian Clearing Corporation Limited. It acts as the central space for all the trading activities that are conducted on the stock exchange.
3. National Stock Exchange (NSE)
NSE tops the list of stock exchanges in India. Incorporated in 1992, the institutions introduced electronic stock trading in India. This process simplified investors’ trading activity. Today, the National Stock Exchange has several stock market indices that extensively help investors to keep a regular check on the market, build wealth, and achieve their financial objectives.
3. Metropolitan Stock Exchange (MSE)
MSE was introduced in 2012 and is a well-known stock exchange platform in the country. SEBI gave it recognition and now it works as a digital trading platform for capital markets, future & options, and debt markets. The Exchange has a live trading platform in all sectors besides SMEs. The Exchange has a subsidiary Metropolitan Clearing Corporation of India Limited – MCCIL to undertake the clearance and settlement of all trades on the Exchange.
4. Calcutta Stock Exchange (CSE)
Established in 1908, Calcutta Stock Exchange (CSE) had 150 members initially which has now grown to over 900. It adheres to the guidelines laid down by the Securities Contract Regulation Act. Today, this old platform of the Indian stock trading market works on a screen-based system. In this method, buyers and sellers are electronically matched to minimise the cost and time. Although this is the second oldest stock exchange platform in the country, a petition to close it down by SEBI is running in the Calcutta High Court.
5. Multi Commodity Exchange (MCX)
MCX was incorporated in 2003 under the FMC (Forward Market Commission) regulations. This platform is India’s first commodity trading exchange to be listed in India and deals in non-agricultural and agricultural commodities such as rice, wheat, soybean, silver, copper, oil, and much more. Recently, MCX introduced different index futures contracts, including the bullion index, energy index, and metal index. Currently, MCX processes 60% of commodity futures trades in India.
6. National Commodity And Derivatives Exchange (NCDEX)
NCDEX is one of the largest exchange platforms in India. Its headquarter is in Mumbai and provides trading options on agricultural products only. Mostly, the shares of this exchange platform are owned by public sector banks, companies, and national-level institutes. With more than 30 lakh clients trading frequently, NCDEX is permanently recognized by the stock exchange market.
7. India International Exchange (India INX)
Situated in Gujarat, INX is the country’s first international trading platform. It is a subsidiary of BSE and began functioning in 2017. The platform provides market functioning in commodities, currencies, equities, and more. It works like an offshore exchange platform for global traders and market players. India International Exchange has the fastest turnaround time and uses an advanced platform for functioning.
8. NSE International Exchange
NSE IFSC Limited is a subsidiary of NSE and was established in 2016. Located in the GIFT city, Gujarat; this trading platform offers products similar to the India INX. Its activity includes two trading sessions with 16 hours of daily interaction. NSE International Exchange trades in commodities, currency, and equity.
9. Indian Commodity Exchange
ICEX is not exactly a trading platform but is still included in the list of stock exchanges in India. It is regulated by SEBI and is a commodity derivative platform. The headquarter of ICEX is situated in Mumbai and it was registered in 2017. Indian Commodity Exchange Ltd. only permits registered brokers to trade. This is the only stock trading platform to launch the diamond derivative contract in the world. This permanent exchange enables you to trade in mutual funds and commodity derivatives.
Which Stock Exchange to Trade On?
The decision of selecting from this long list of stock exchanges in India depends on the kind of stocks you are interested in and the companies listed there.
For example, if you want to start trading commodities, you can select from MCX and NCDEX.
If you want to invest in stocks that are listed on BSE or NSE.
To make a better decision, you need to have a deeper understanding of these platforms. You can always seek the assistance of a financial expert to guide you better.
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Disclaimer: This blog is not to be construed as investment advice. Trading and investing in the securities market carries risk. Please do your own due diligence or consult a trained financial professional before investing.