How Many Stock Exchange in India

The distinction between a Stock market and a Stock Exchange is critical to comprehend. A stock market is a place where you can buy and sell a company’s shares, both listed and unlisted. As a result, the Indian stock market encompasses all of the country’s stock exchanges as well as any off-exchange trades. A stock exchange, on the other hand, is a regulated market in which members gather (physically or virtually) to trade business shares or other publicly traded securities.

Agents acting on behalf of their clients or principals representing their own accounts could be among the members. As a result, when someone mentions a “stock market bubble” or “the stock market is bullish,” they’re not referring to a specific stock exchange, but to the entire stock market.

What is the Stock Market

It is a company that runs a market where bonds, equities, futures, and options are traded, among other things. This is where a company must be listed in order to trade on a stock exchange.

In simple words, this is where investors and traders buy and sell financial securities at specific times of the business day. The product trade and investor base targeted determine the trading hours, days, and holidays.

What is the Stock Exchange

It’s a physical location where members can meet to exchange company shares or other registered securities. Members can also be clients’ representatives or prominent people spoofing their own accounts. Firms and brokers must adhere to the Exchange’s rules and regulations.

Type of Stock Exchange (How Many Stock Exchange in India)

There are two types of stock exchange in India:-

1. Stock Exchange that works at National level.
2. Stock Exchanges that work at the regional level.

How Many Stock Exchange in India- List of Stock Exchange

1. Bombay Stock Exchange (BSE)

It is India’s first stock exchange, located on Dalal Street in Mumbai. It was founded in 1875 and is the world’s tenth largest stock exchange, with a market capitalisation of $2.2 trillion and over 5500 businesses listed on it.

It’s worth learning about the history of this stock exchange because it’s fascinating. There was an informal club of 22 stockbrokers who convened under a Banyan tree in front of Mumbai Town Hall in the 1850s, which is more than 160 years ago. There is now a Horniman circle there.

They started trading there with just a one-rupee stake per broker, and it quickly grew as more people joined. When the American Civil War started out in 1861, it was a huge success, with over 250 brokers. The Native Share and Stockbrokers Association was formed by these brokers.

This club was originally founded in 1875 and given the name Bombay Stock Exchange (BSE). They worked there for many years before moving to the current BSE building on Dalal Street in 1930. Premchand Roychand was their major leader, and the regulations and rules were drafted under his supervision.

Under the Securities Contracts Act of 1956, the Indian government designated BSE as the first National Stock Exchange. Since then, it has aided the development of the Indian corporate sector by providing a platform for capital raising.

2. National Stock Exchange of India (NSE)

This is also based in Mumbai and is India’s most important stock market. It was founded in 1992, although it only began selling in 1994. It broke BSE’s monopoly by becoming the country’s first demutualized electronic exchange, with a fully automated screen-based electronic trading system.

It was created in response to the discovery of a BSE member who was illegally manipulating the market. Furthermore, BSE was slow to reply to calls, and there were a few fraudulent operations going on, so the Indian government intended to build a rival stock market.

It completely altered the country’s stock market. It had a huge influence since it allowed people from all over the world to trade with each other from anyplace. Everyone had access to stock price information, not just a select few.

This Exchange is equipped with quick-responding systems, making the procedure visible, simple, and approachable. In terms of equities trade volume, NSE has been placed fourth. It has a total market capitalization of $2.41 trillion and has significantly more volume and turnover than the BSE.

NSE could initially handle two orders per second, but as its technology improved, it was able to process 60 orders per second by 2011. It’ll amaze you to learn that it can process 1,60,000 orders per second. NSE has consistently upheld its reputation for dependability, innovation, trust, and knowledge.

3. Culcutta Stock Exchange Limited (CSE)

This stock market has a fascinating storey to tell as well. A gang of brokers gathered under a neem tree in 1830 to begin their business activities. CSE was founded in 1908, with the name Calcutta Stock Exchange Association with a location on China Bazar Street in Kolkata.

The structure was altered in 1928, and it was relocated to Kolkata’s Lyons Range. It is South Asia’s second-oldest stock exchange. In 1997, the CSE began employing an electronic trading system. You might be surprised to learn that BSE owns a 5% interest in CSE.

It, like the Sensex and the Nifty 50, has a CSE-40 index. CSE, on the other hand, no longer trades and hasn’t updated its index since April 2013. SEBI, like other tiny stock exchanges, has requested that CSE be closed, but the case is currently pending in court. Despite the fact that it is an inactive stock exchange, it is nonetheless considered active.

4. India International Exchange (India INX)

Gujarat is home to India’s first International Financial Services Centre, India International Exchange Limited. It is a subsidiary of BSE Limited, with activities beginning in 2017.

For all asset classes, such as shares, currencies, and commodities, the exchange employs a single segment method. With a 4 microsecond turn-around time, the exchange uses cutting-edge technology and is the fastest in the world. For international specialists and market participants, India INX presents itself as an offshore exchange that offers cutting-edge products and services as well as tax benefits.

 5. Metropolitan Stock Exchange of India Limited (MSE)

It was founded in November 2008 and began operations in 2009. It is one of India’s three stock exchanges (the other two being the NSE and the BSE) where individual stocks can be traded. You can trade in a variety of financial categories, including stock, debt, SME platform, currency, and equity derivatives.

It has a very transparent and high-tech electronic system. You can trade in over 1500 firms on this exchange, which also features a number of large financial institutions as stockholders.

6. Multi Commodity Exchange of India (MCX)

It was the first publicly traded commodity exchange, established under the FMC regulatory agency, but eventually amalgamated with SEBI. It was founded in 2003 and began operations on November 10, 2003. Its headquarters are in Mumbai. It is India’s most extensive commodity derivatives exchange.

It was 15 years old in 2018, and it reached the pinnacle of trading by having a $50 trillion turnover. They’ve also recently released “ComRIS,” a web-based software for keeping track of transactions. MCX was ranked 7th among global commodity exchanges as a result of these accomplishments.

One thing to keep in mind is that companies are not traded here. They only deal in gold, silver, rubber, cotton, crude oil, and other commodities. The MCX stock is also traded on the NSE and BSE.

7. National Commodity and Derivates Exchange (NCDEX)

It is a professionally managed online commodity trading exchange. It was created on April 23, 2003, and while its headquarters are in Mumbai, it serves its members from a number of locations across the country. Companies, national-level institutions, and significant public sector banks own the majority of NCDEX shares.

Only commodity derivatives are available here, therefore you can trade different types of seeds, turmeric, wheat, chickpeas, grains, barley, refined oils, and so on. NCDEX has also aided in the improvement of agricultural practises by making trade easier and promoting growth for those involved in agriculture.

It is an internationally recognised stock exchange with over 30 lakh clients trading on over 50, 000 terminals in 1000 locations across India. From 10 a.m. to 11:30 p.m., they trade. It operates five days a week.

8. Indian Commodity Exchange Limited (ICEX)

It is a SEBI-regulated commodity derivate exchange, not a stock exchange. Its headquarters are in Mumbai, and it has been registered with the Securities and Exchange Board of India (SEBI) since August 2017. It allows registered brokers to trade in specific financial instruments throughout the country.

It is the only Exchange in the world to introduce a diamond derivative contract in 2017, and it is recognised as a permanent exchange. You can trade mutual funds and commodities derivatives on ICEX as well.

9. National Stock Exchange IFSC Limited

It is identical to India INX and is located in GIFT city, Gujarat, at the International Financial Service Centre. NSE IFSC is a subsidiary of the National Stock Exchange of India, and its goal was to increase India’s financial sector and improve the capital brought into the Indian markets.

It was founded in November 2016 and has SEBI approval until May 2022. They don’t deal in actual stocks; instead, they deal in derivatives like equity, currency, and commodity.

They work in two sessions, each of which lasts eight hours. The first session will run from 8 a.m. to 5 p.m., while the second will run from 5:30 p.m. to 11:30 p.m.

The following is a list of active stock exchanges in India. In addition, 20 stock markets in India were closed. Let’s take a look at a few of them and see why they were closed.

Old Stock Exchange in India (How Many Stock Exchange in India)

1. Ahmadabad Stock Exchange

Ahmadabad Stock Exchange was India’s second-oldest stock exchange, which implies it was founded after the BSE. It operated for 90 years, until 1996, under the historic heritage building. This structure is currently known as the “Old Stock Exchange.”

They moved to a new building in 1996 that was completely electronic and modern. However, SEBI planned to shut down all businesses with a turnover of less than 1000 crore and a net worth of less than 100 crore after some time. It was finally shut down in April of 2018.

2. Delhi Stock Exchange (How Many Stock Exchange in India)

It was India’s fifth stock exchange to open. It was founded on June 25, 1947, and in January 2017, SEBI granted DSE permission to leave the stock exchange business. It contributed significantly to the growth of the economy by facilitating investments in a variety of areas.

It was a large stock market with over 3000 listed businesses, and the best part was that it was well connected to major cities. It has always aided businesses in the creation of capital and net worth since its inception. It has also aided in the spread of financial literacy among the general public.

3. Gauhati Stock Exchange

It was also known as the Guwahati Stock Exchange, and it was founded on November 29, 1983, and recognised by the Indian government on May 1, 1984. GSE had a good relationship with NSE, and its members were allowed to participate in screen-based training. Only 290 companies were listed on the exchange, making it a modest one.

GSE was registered with the Registrar of Companies in Shillong as a Non-Government Company. In January 2015, it was granted clearance by SEBI to exit the stock exchange industry.

4. Jaipur Stock Exchange (How Many Stock Exchange in India)

At one point, it was the world’s third-largest stock exchange. It was formed and organised in 1989, and it was one of the 15 regional stock exchanges that contributed to the development of India’s interconnected stock market by making a one-time investment of one crore rupees.

By 1996, the JSE had over 750 companies listed on it, with an average daily transaction of over eight crores. However, in 2008, SEBI published guidelines and established a framework for stock exchange withdrawal.

Any exchange with a turnover of less than Rs.1,000 had to surrender and close operations, according to the rule.

5. Madhya Pradesh Stock Exchange

At one point, it was the world’s third-largest stock exchange. It was India’s third oldest stock exchange, and it was regarded as one of the top stock exchanges during the floor outcry system. It was founded in 1919 with approximately 150 members. It was given authority to trade under the requirements of the Securities Contract Act of 1956.

After joining the NSE in 2012 and the BSE in 2013, MPSE became India’s only regional stock exchange to offer its members an autonomous trading platform. After failing to build its own trading platform worth Rs.100 crores in 2014, SEBI de-recognized MPSE in 2015.

6. Pune Stock Exchange (How Many Stock Exchange in India)

It was founded in 1982, and on April 13, 2015, SEBI approved its withdrawal. In truth, the central government initially granted it authorization for five years, but the membership was renewed on a regular basis due to its great performance.

PSE had to quit when SEBI published the regulation concerning turnovers of Rs.1,000 crore because it was doing considerably less.

7. Mangalore Stock Exchange

It was founded on July 31, 1984, in Mangalore, Karnataka, India, but was only legally recognised by the government in September 1985. It was first renewed for five years, but it was later renewed several times before being renewed for the last time on September 8, 2003.

After Karnataka’s Chief Minister lay the foundation for a new building on September 8, 2001, SEBI decided to de-recognize it in August 2004.

8. Vadodara Stock Exchange

It was founded on January 22, 1990, and is located in the city of Vadodara in Western India. The Securities Contract Act of 1956 recognised it as a permanent stock exchange. When it first started, it had over 150 members.

In just 9 years, the number of members had increased to 321 brokers, with 253 proprietor brokers, 65 corporate brokers, and 3 partnership brokers. It was forced to close because to SEBI’s Rs.1,000 crore guideline.

9. Uttar Pradesh Stock Exchange (How Many Stock Exchange in India)

The former President of India, Late Pranab Mukherjee, opened this stock exchange on August 27, 1982. It was based in Kanpur and had a strong presence among the other North Indian stock exchanges, with over 550 members.

Although the internet did not exist at the time, UPSE was essential in increasing interest in the capital market, particularly in Uttar Pradesh.

10. Bangalore Stock Exchange (BGSE)

It was created in 1963 as a public stock exchange. Its headquarters are in Bangalore, and it lists 595 regional and non-regional businesses. The Council of Management, which included members chosen by SEBI, was in charge of it.

It was the first stock exchange in India to begin electronic securities trading when it went online in 1996. There were more than 330 companies listed on the Exchange by 2014. However, BGSE was forced to take a voluntary exit on December 26, 2014, due to the SEBI limit of Rs.1000 crore turnovers.

11. Madras Stock Exchange

It was the first stock exchange in South India and the fourth in Chennai. MSE was established in 1937, but, like other stock exchanges, it was forced to close due to the SBI judgment. MSE was delisted from the stock exchange on May 14, 2015, after SEBI granted it permission to do so.

It was considered a large stock market because it had 1800 companies listed on it. It was completely computerized in 1996, and internet trading was launched.

13. Cochin Stock Exchange (How Many Stock Exchange in India)

It had 500 Indian businesses listed at its peak, making it the fourth largest stock exchange in the world. Of course, the disparity between the first two (BSE and NSE) was enormous. In 1978, it was established in Kochi, Kerala. It ceased operations in 2005 and was totally decommissioned in 2014.

The Following is a List of Closed Stock Exchanges

How Many Stock Exchange in India

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