The National Stock Exchange (NSE) is a stock exchange in India.
Set up in November 1992, NSE was India's first fully automated electronic exchange with a nationwide presence. The exchange, unlike Bombay Stock Exchange (BSE), was the result of the recommendations of a high-powered group set up to study the establishment of new stock exchanges, which would operate on a pan-India basis. Its shareholders consist of 20 financial institutions including state-owned banks and insurance companies.
Headquartered in Mumbai, NSE offers capital raising abilities for corporations and a trading platform for equities, debt, and derivatives -- including currencies and mutual fund units. It allows for new listings, initial public offers (IPOs), debt issuances and Indian Depository Receipts (IDRs) by overseas companies raising capital in India.
S&P CNX Nifty is the benchmark index introduced by NSE. Some of its other indices are CNX Nifty Junior, India VX, S&P CNX Defty, S&P CNX 500, etc. The exchange offers clearing and settlement services through its wholly-owned unit, the National Securities Clearing Corporation set up in 1995. The other main subsidiaries/ associate companies of NSE include the National Commodity Clearing, National Securities Depository (which is the repository of all securities in electronic form), and National Commodity and Derivatives Exchange.