A. NSE Stock Market:
NSE was established in the year 1992. The national stock exchange had 1635 number of listed companies till 2013. The main index of NSE market is S&P CNX Nifty. It is located in Mumbai, India. It is one of the largest, in terms of a number of trades and turnover. The managing director of NSE is Ms. Chitra Ramakrishna. The applicants must not be declared as defaulters on any of the stock exchanges. Applicants must not be debarred by the SEBI. NSE is the 12th largest market in the terms of total market capitalization. In April 1993, NSE was recognized as the stock exchange under securities contracts regulations act. NSE then started commencing operations in the wholesale debt market.
B. BSE Stock Market:
Bombay stock exchange was established in, 1875. Earlier it was called Bombay stock exchange but now only BSE. Its main index is BSE SENSEX. BSE is 11th largest in the world in terms of market capitalization. BSE top trading companies are Reliance, TCS, Infosys, HDFC Bank and many more. MD and CEO of BSE is Mr. Ashish Chauhan. BSE is the oldest stock exchange in Asia. BSE was the first exchange market in India, which got permanent recognition from the government of India, under the security contract of India. BSE has above 874 broker members in the country.
To become a member of BSE, following are the requirements:
1. One should get authorize from the NSC as broking house.
2. One should get authorization from the BSE.
3. One should get negotiation from the NSC.
4. One should be a trained staff at BSE.
5. One has data of member registration.
6. Financial statement.
7. A company by the Laws.
8. Membership free.
9. Company mission statement.
10. Handbook on the internet control & operations.
11. Payment for the licensed access, so as to use the operating system.
12. Contribution to guaranteed fund.
In BSE, the securities may be the public listed companies of state as well as central government. The main objective behind the listing is to provide liquidity to the securities. It mobilizes the savings for economic growth and to protect the interests of the investors by giving the full disclosure. BSE is available in 417 cities. The joining fee of a member of BSE is 90 Lakh and initial listing fees charge is Rs 15,000. The main index of BSE is SENSEX. Other indices of the BSE are BSE200, BSE MIDCAP, BSE100, BSE Pharma and many more.If you want to trade in BSE or NSE you can trade on the basis of Share Market Tips from expert advisors like TradeNexa.