|In 1875, 22 men sat under a Banyan tree. Between them they established the Bombay Stock Exchange (BSE) and the Indian securities market was born. Over the course of the nest hundred years or so, the market grew and established itself as one of the most efficient, dynamic and modern markets in Asia. Their structure now, in both structure and operations conform to International Standards.
|Size and Structure of Indian Markets|
|The Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE) are the two national stock exchanges of India. Both are with fully electronic platforms and have approximately 9400 broking outfits participating. 29 of these come from foreign brokerage accounts.|
|The combined market capital nears $126bn with over 10000 companies listed on the exchanges.|
|For any market to experience this rate of growth, they must have in place, efficient settlement procedures. According to the National Securities Depository (NSD) 99.9% of trades in Indian stock market are settled within a T+2 rolling settlement environment.
|The clearing corporation houses of each exchange, National Clearing Corporation of India Ltd (NSCCL) and Bank of India Shareholding Ltd (BOISL), ensure that all trades are guaranteed.|