List of Stock Exchanges in India

Stock exchanges in India have always had a prosperous history and have almost never failed to contribute heavily to the Indian economy. That is why it is imperative that you know about the major stock exchanges currently present in the country so that you have a good idea about them. Additionally, it can also aid you in your competitive exam preparation. Read on to know more.

Stock Exchanges in India

1. National Stock Exchange

The National Stock Exchange (NSE) situated in Mumbai, Maharashtra is the number one stock exchange in India. Established in 1992, it was the first demutualized stock exchange in the country. Additionally, it was also the first stock exchange to be a fully automated and modern screen-based electronic trading system, which would make the process of trading easier for investors across India. NSE’s index, known as NIFTY 50, is used as a barometer for the Indian share market by investors in India and around the world.

2. Bombay Stock Exchange

Bombay Stock Exchange or BSE is located in Dalal Street, Mumbai. Established in 1875, it is Asia’s oldest stock exchange in history. The BSE has over 5500 companies publicly listed on it and is the world’s 11^th biggest stock exchange. Currently, it has an overall market capitalization of $1.43 trillion.

3. Over-The-Counter Exchange of India

The OTC Exchange of India is situated in Mumbai, Maharashtra and serves as the country’s first exchange for small companies. Additionally, it is also the first screen-based stock exchange across the country. It was set up in 1990 and the primary motive was to establish a transparent trading system for investors.  In addition, it was built to access high-technology enterprising promoters in order to raise money for the development of new products in an economical manner.

4. Ahmedabad Stock Exchange

The Ahmedabad Stock Exchange (ASE) is a permanent stock exchange according to the Securities Contract (Regulations) Act, 1956. It is also the second oldest stock exchange in India. However, recently the Securities and Exchange Board of India (SEBI) has sent a notice to the ASE stating that they will not be recognized as a stock exchange anymore, due to their net worth being less than INR 100 Crores and their turnover being less than INR 1000 Crores. The stock exchange building was also put up for sale as a heritage building.

5. United Stock Exchange

The United Stock Exchange of India (USE) was set up with the aim of launching financial products in India. The public sector banks that serve as stakeholders of the USE are the following-

• Corporation Bank
• Allahabad Bank
• Andhra Bank
• Punjab National Bank
• Dena Bank
• Bank of Baroda
• State Bank of India
• IDBI Bank
• Bank of India
• Syndicate Bank
• UCO Bank
• Indian Bank
• Indian Overseas Bank
• Bank of Maharashtra
• Union Bank of India
• Oriental Bank of Commerce
• Canara Bank
• Central Bank of India
• United Bank of India
• Vijaya Bank
• Punjab and Sind Bank

The private sector banks that are stakeholders in the USE are the following-

• ICICI Bank
• HDFC Bank
• J & K Bank
• Federal Bank
• Axis Bank

Established on 20 September 2010, it is the fourth pan India stock exchange.

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Conclusion

If you are preparing for a competitive entrance examination, for example, the SBI recruitment exam, then you will have to work with an SBI practice set. While going through it, you might find many questions pertaining to the major stock exchanges in India. Hence, having a clear idea about them will serve you better.