Introduction to Indian Stock Exchanges

India's stock market is integral to its financial system, serving as a platform for companies to raise capital and for investors to invest and trade. This article delves into the landscape of stock exchanges in India, focusing on their establishment dates, market sizes, and the companies they list. Whether you are a beginner or an experienced investor, understanding these critical components can provide valuable insights into the Indian financial market.

The Dominant Stock Exchanges in India

India boasts a robust and diverse network of stock exchanges, with several notable participants. The two most prominent stock exchanges are India's oldest and one of the largest globally:

Bombay Stock Exchange (BSE)

Founded in 1875 Market Capitalization: Large (ranks among the top 10 globally) Listed Companies: Over 5000 Location: Mumbai, Maharashtra

National Stock Exchange (NSE)

Founded in 1992 Market Capitalization: Largest in India Listed Companies: Over 1700 Location: Mumbai, Maharashtra

Other Notable Stock Exchanges in India

In addition to the two primary exchanges, India has several regional and specialized stock exchanges that cater to specific industries and regions. Here is a list of the main stock exchanges:

Calcutta Stock Exchange (CSE)

Founded in 1900 Market Capitalization: Medium Listed Companies: Around 450 Location: Kolkata, West Bengal Recognition Valid Until Sep 15, 2024

Metropolitan Stock Exchange of India (MSE)

Founded in 2002 Market Capitalization: Small Listed Companies: Around 200 Location: Mumbai, Maharashtra Recognition Valid Until Sep 15, 2024

Multi Commodity Exchange of India (MCX)

Founded in 2003 Primarily Deals in Commodities (not stocks) Location: Mumbai, Maharashtra

National Commodity and Derivatives Exchange (NCDEX)

Founded in 2006 Primarily Deals in Commodities (not stocks) Location: Mumbai, Maharashtra

National Stock Exchange IFSC Limited

Founded in 2017 A subsidiary of NSE focused on international financial services center Location: Mumbai, Maharashtra

Recognition of Stock Exchanges in India

As of November 2023, there are seven recognized stock exchanges in India. Here is a list of the seven stock exchanges in alphabetical order:

1. BSE Ltd.

Founded: 1875 Location: Mumbai, Maharashtra Description: India's first stock exchange and the first in Asia.

2. Calcutta Stock Exchange Ltd.

Founded: 1908 Location: Kolkata, West Bengal Description: A regional stock exchange with medium market capitalization.

3. Commodity Exchange Limited

Founded: 2009 Location: Navi Mumbai, Maharashtra Description: A specialized exchange dealing in commodities.

4. Metropolitan Stock Exchange of India Ltd.

Founded: 2008 Location: Mumbai, Maharashtra Description: A smaller regional stock exchange.

5. Multi Commodity Exchange of India Ltd.

Founded: 2003 Location: Mumbai, Maharashtra Description: A commodities-focused exchange.

6. National Commodity and Derivatives Exchange Ltd.

Founded: 2003 Location: Mumbai, Maharashtra Description: A commodities-focused exchange.

7. National Stock Exchange of India Ltd.

Founded: 1992 Location: Mumbai, Maharashtra Description: The largest stock exchange in India.

Conclusion

India's stock exchanges play a crucial role in the country's financial landscape, offering diverse platforms for investment and capital raising. The two primary exchanges, BSE and NSE, along with several regional and specialized exchanges, contribute to the vibrant and dynamic nature of the Indian stock market.