NATIONAL STOCK EXCHANGE - India
INDIAN NATIONAL STOCK EXCHANGE

The fully computerised National Stock Exchange (NSE) is considered India’s second exchange. Also based in Mumbai, it was set up in 393 and allows traders from other Indian cities access to stocks of thousands of companies through its screen-based trading system. Its network covers more than 40 cities across India. The NSE is also set to start derivatives trading.

The main index of the NSE is the S&P CNX Nifty, a diversified blue-
chip index comprised of 50 stocks accounting for 25 sectors of the economy. To be included in the index a company should have a market capitalisation of at least 5 billion rupees. The NSE also developed a dollar-denominated version of the Nifty called S&P CNX Defty, which is aimed at FLLs. There is also the Nifty Junior which is comprised of the next 50 largest liquid stocks in India. The NSE produces the S&P CNX 500, India’s first broad-based benchmark, representing about 90 per cent of total market capitalisation and about 98 per cent of the NSE’s total turnover. In addition, there are numerous industry indices, including the IT sector and public sector enterprises.

National Stock Exchange of India : Mahindra Towers “A” Wing
Worii Tel: 24960525, 24932555 Fax: 24935631

OVER THE COUNTER EXCHANGE

The Over the Counter Exchange of India (OTCEI) is a national, automated stock market which caters to small- and medium-sized companies hoping to raise funds for capital requirements. To list on the OTCEI, companies must have issued capital of between 3 million and 250 million rupees. Founded in 1992, the OTCEI has regional windows in Delhi and Chennai (Madras), as well as representative offices in } 8 cities.

Over the Counter Exchange of India : 92-93 Maker Towers “F” Cuffe Parade Tel: 22188164, 2218851 1 Fax: 22188503