What is Nse, Bse?

The National Stock Exchange of India Limited (NSE), is a Mumbai-based stock exchange. It is the largest stock exchange in India and the third largest in the world in terms of volume of transactions. Though a number of other exchanges exist, NSE and the Bombay Stock Exchange are the two most significant stock exchanges in India, and between them are responsible for the vast majority of share transactions.

NSE is mutually-owned by a set of leading financial institutions, banks, insurance companies and other financial intermediaries in India but its ownership and management operate as separate entities]. As of 2006, the NSE VSAT terminals, 2799 in total, cover more than 1500 cities across India . In October 2007, the equity market capitalization of the companies listed on the NSE was US$ 1.46 trillion, making it the second largest stock exchange in South Asia, behind the Bombay Stock Exchange, and the eleventh largest in the world.

Origins

The National Stock Exchange of India was promoted by leading Financial institutions at the behest of the Government of India, and was incorporated in November 1992 as a tax-paying company. In April 1993, it was recognized as a stock exchange under the Securities Contracts (Regulation) Act, 1956. NSE commenced operations in the Wholesale Debt Market (WDM) segment in June 1994. The Capital Market (Equities) segment of the NSE commenced operations in November 1994, while operations in the Derivatives segment commenced in June 2000.

Innovations

NSE has remained in the forefront of modernization of India's capital and financial markets, and its pioneering efforts include:

* Being the first national, anonymous, electronic limit order book (LOB) exchange to trade securities in India. Since the success of the NSE, existent market and new market structures have followed the "NSE" model.
* Setting up the first clearing corporation "National Securities Clearing Corporation Ltd." in India. NSCCL was a landmark in providing novation on all spot equity market (and later, derivatives market) trades in India.
* Co-promoting and setting up of National Securities Depository Limited, first depository in India.
* Setting up of S&P CNX Nifty.
* NSE pioneered commencement of Internet Trading in February 2000, which led to the wide popularization of the NSE in the broker community.
* Being the first exchange that, in 1996, proposed exchange traded derivatives, particularly on an equity index, in India. After four years of policy and regulatory debate and formulation, the NSE was permitted to start trading equity derivatives three days after the Bombay Stock Exchange.
* Being the first exchange to trade ETFs (exchange traded funds) in India.
* NSE has also launched the NSE-CNBC-TV18 media centre in association with CNBC-TV18, a leading business news channel in India.
Markets

Currently, NSE has the following major segments of the capital market:

* Equity
* Futures and Options
* Retail Debt Market
* Wholesale Debt Market

Indices

NSE also set up as index services firm known as India Index Services & Products Limited (IISL) and has launched several stock indices, including:

* S&P CNX Nifty
* CNX Nifty Junior
* CNX 100 (= S&P CNX Nifty + CNX Nifty Junior)
* S&P CNX 500 (= CNX 100 + 400 major players across 72 industries)
* CNX Midcap (introduced on 18 July 2005 replacing CNX Midcap 200)

The Bombay Stock Exchange Limited (Hindi: मुंबई शेर बजार Mumbaī Śeyar Bājār) (formerly, The Stock Exchange, Mumbai; popularly called The Bombay Stock Exchange, or BSE) is the oldest stock exchange in Asia. It is located at Dalal Street, Mumbai, India. In October 2007, the equity market capitalization of the companies listed on the BSE was US$ 1.61 trillion, making it the largest stock exchange in South Asia and the tenth largest in the world.[1]

The Bombay Stock Exchange was established in 1875. There are around 4,800 Indian companies listed with the stock exchange, and has a significant trading volume. The BSE SENSEX (SENSitive indEX), also called the "BSE 30", is a widely used market index in India and Asia. Though many other exchanges exist, BSE and the National Stock Exchange of India account for most of the trading in shares in India.

The BSE SENSEX (also known as the BSE 30 index) is a value-weighted index composed of thirty scrips, with the base April 1979 = 100. The set of companies which make up the index has been changed only a few times in the last twenty years. These companies account for around one-fifth of the market capitalization of the BSE.

Apart from BSE SENSEX, which is the most popular stock index in India, BSE uses other stock indices as well:

* BSE 500
* BSE 100
* BSE 200
* BSE PSU
* BSE MIDCAP
* BSE SMLCAP
* BSE BANKEX
* BSE Teck
* BSE Auto
* BSE Pharma
* BSE Fast Moving Consumer Goods (FMCG)
* [[BSE Consumer Durables (SYMBOL: Cons Dura)]]
* BSE Metal

On 29 october 2007, the BSE sensex touched 20,000 points.

Hope this info is useful to u...
i wish u good luck..!!!!!!!!!!!!