Question

What are national stock exchange, bombay stock exchange and SEBI ?

Answer 1

Dear Student, 1)National Stock Exchange:- National Stock Exchange of India was promoted by financial institutions and established as a public limited company in 1992. However, it was 'recognized as a stock exchange' in April,'1993' under Securities Contracts (Regulation) Act,1956. It commenced its operations in capital market in 1994 and operations in derivatives market were started in 2000. 2) Bombay Stock Exchange:- BSE is the first stock exchange of India and Asia. It was recognised in 1947 and stands at 5 or 4 position in top stock exchanges. Asia established it for the purpose of buying and selling of securities in the secondary market. It was established in 1875 and is currently world's fastest stock exchange.3) SEBI:- SEBI stands for securities and exchange board of India.It was established to regulate the securities market of India.It has headquarter at Mumbai and branches in various cities. The main objective of SEBI is to protect the interest of investors in security market. Following are the functions of SEBI- 1. regulating the stock market. 2.regulating the activities of brokers. 3.restricting unfair trade practices in the market. 4.prohobiting insider trading. Regards!