Origins and Objectives Of National Stock Exchange

• Origins:-

                 The National Stock Exchange of India was set up by Government of India on the recommendation of Pherwani Committee in 1991.Promoted by leading Financial institutions essentially led by IDBI at the behest of the Government of India, it was incorporated in November 1992 as a tax-paying company. In April 1993, it was recognized as a stock exchange under the Securities Contracts (Regulation) Act, 1956. NSE commenced operations in the Wholesale Debt Market (WDM) segment in June 1994. The Capital market (Equities) segment of the NSE commenced operations in November 1994, while operations in the Derivatives segment commenced in June 2000.

• Objectives:-

                        
  
  
  1. Establishing nationwide trading facilities for all types of securities.
  2. Ensuring equal access to investors all-over the country through an appropriate communication network.
  3. Meeting international benchmarks and standards.
  4. Enabling shorter settlement cycles and book entry settlements.