Can the capital market exist without stock exchanges? Of course not! The Indian capital market at present is steered by two key bourses, viz. Bombay Stock Exchange and National Stock Exchange. There are a number of other small bourses, but these are the two exchanges where major transactions take place. No wonder the share market of India is also termed as the NSE BSE market at the international context. The indices with live updates are displayed in all news channels not to mention news portals, financial portals, and brokerage sites. For the National Stock Exchange it is the nifty and BSE sensex for the Bombay Stock Exchange.
India Index Services & Products Limited (IISL) is the index service wing of National Stock Exchange. Several stock indices have been launched under this wing. These are as follows:
- S&P CNX Nifty (Standard & Poor’s CRISIL NSE Index)
- CNX Nifty Junior
- CNX 100 (CNX Nifty Junior plus S&P CNX Nifty)
- S&P CNX 500 (CNX 100 + 400 major companies covering 72 industries)
- CNX Midcap (formerly CNX Midcap 200).
Both the NSE and BSE have pioneered the concept of trading in the share market of India, opening the gateway for investors to make big money. It is the BSE that introduced securities trading in India, replacing its open outcry system with totally automated trading. BSE Online trading (BOLT) system network, since the time it was introduced in 1995, was expanded across the country in 1997 facilitating investors with easy trading options. Online trading was first launched in India by NSE.
The trading sessions are a bit different for both the bourses. In case of the National Stock Exchange normal trading sessions start from 9:15 am and ends at 3:30 pm on all days of the week excluding Saturdays and Sundays. Trading does not take place on all Official Holidays declared by the Government of India or the Exchange in advance. The time structure for BSE is 8 am to 5:30 pm and the non-working days besides holiday structures are similar to that of the NSE.
Many a business news portal and brokerage portal carries BSE live statistics displaying complete information related to the BSE market. Right from BSE sensex figures to recommended BSE stocks, top gainers, top losers, losses and gains in terms of percentage, sectors that are in the uptrend and those in the downtrend and more are exhibited in a BSE live platform. Those who are full time traders in the BSE market, especially for short term, always need to stay updated with the BSE live statistics. Similar is the case with the NSE market.
The NSE BSE market in the current times is not performing up to the expectations of the investors. Volatility has been prevailing for the past several weeks at a stretch. Frequent ebb and flow with no consistency in the upward graph did dampen the spirits of many. But the situation will certainly improve after a few days.