National Stock Exchange of India Limited (NSE)

29 Oct 2024 10:29:46 am

Tags : National Stock Exchange of India Limited (NSE)

Topic: Capital Market

Why in the news?

The Securities and Exchange Board of India (SEBI) closed proceedings against the National Stock Exchange (NSE) and seven of its former employees, including erstwhile CEO Chitra Ramakrishna, in the co-location matter, ruling it found no evidence of collusion between OPG Securities and the ‘notices’.
In a separate order, SEBI ordered OPG to disgorge ₹85.3 crore towards unlawful gain from “consistently connecting to the secondary server of the NSE Colocation facility.”

Source: The Hindu

About National Stock Exchange of India Limited (NSE):

It is India\'s largest financial market and the fourth largest market in the world by trading volume.
It was incorporated in the year 1992 to bring about transparency in the Indian equity markets.
It was the first exchange in India to provide modern, fully automated electronic trading.
It is headquartered in Mumbai.
It conducts transactions in the wholesale debt, equity, and derivative markets.
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