List of 24 Stock Exchanges In India – In the bustling financial landscape of India, stock exchanges play a pivotal role, serving as the nucleus where buyers and sellers converge to trade stocks, commodities, and currencies. Understanding the history and current dynamics of these exchanges is crucial for investors and traders alike.
List of 24 Stock Exchanges In India
Stock exchanges in India have a rich history dating back to the 19th century when securities trading commenced informally beneath the shade of banyan trees in Mumbai. Over time, this informal setting evolved, leading to the establishment of formal stock exchanges. Today, India boasts several active stock exchanges operating in various regions across the country. The following provides a comprehensive list of these dynamic financial hubs.
| SNo. | Name | Location |
| 1 | Bombay Stock Exchange | Mumbai |
| 2 | Calcutta Stock Exchange | Kolkata |
| 3 | India International Exchange (India INX) | Gandhinagar |
| 4 | Indian Commodity Exchange | Navi Mumbai |
| 5 | Metropolitan Stock Exchange of India | Mumbai |
| 6 | Multi Commodity Exchange of India | Mumbai |
| 7 | National Commodity & Derivatives Exchange | Mumbai |
| 8 | National Stock Exchange of India | Mumbai |
| 9 | NSE IFSC | Gandhinagar |
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List of Stock Exchanges that were shut down
List of 24 Stock Exchanges In India, The stock exchanges discussed above are the active stock exchanges in India. However, some stock exchanges in India have closed down in the past. Let us discuss a few of them and explore the reasons behind their closure.
| S.No | Stock Exchange | Year of Closing |
| 1. | Ahmedabad Stock Exchange | 2018 |
| 2. | Delhi Stock Exchange | 2017 |
| 3. | Guwahati Stock Exchange | 2015 |
| 4. | Jaipur Stock Exchange | 2015 |
| 5. | Madhya Pradesh Stock Exchange | 2015 |
| 6. | Madras Stock Exchange | 2015 |
| 7. | Pune Stock Exchange | 2015 |
| 8. | Vadodara Stock Exchange | 2015 |
| 9. | Bangalore Stock Exchange | 2014 |
| 10. | OTC Exchange of India | 2015 |
| 11. | Inter-connected Stock Exchange of India | 2014 |
| 12. | Cochin Stock Exchange | 2014 |
| 13. | Ludhiana Stock Exchange | 2014 |
| 14. | Bhubaneswar Stock Exchange | 2005 |
| 15. | Coimbatore Stock Exchange | 2009 |
| 16. | Magadh Stock Exchange | 2007 |
| 17. | Trivandrum Stock Exchange | 2010 |
| 18. | Mangalore Stock Exchange | 2004 |
| 19. | Hyderabad Stock Exchange | 2007 |
| 20. | UP Stock Exchange | 2015 |
Active Stock Exchanges in India
Bombay Stock Exchange (BSE)
The Bombay Stock Exchange (BSE), established in 1875, stands as the oldest stock exchange in Asia, boasting a rich history and a market capitalization of $2.2 trillion. Under the banyan tree in front of Mumbai Town Hall, 22 stockbrokers initiated this journey by investing Rs. 1 each. Led by Premchand Roychand, BSE formalized in 1875, eventually relocating to Dalal Street in 1930. Today, with over 5500 listed companies, BSE remains a cornerstone in the Indian corporate sector.
National Stock Exchange (NSE)
The National Stock Exchange of India (NSE), founded in 1992, revolutionized the market with its demutualized electronic exchange. Boasting a market capitalization of $2.41 trillion, NSE’s advanced technology allows handling up to 160,000 orders per second. Known for reliability and transparency, NSE’s fully-automated screen-based system transformed the trading process, setting new standards in the Indian stock market.
Calcutta Stock Exchange (CSE)
Calcutta Stock Exchange (CSE), dating back to 1830 under a neem tree, holds the distinction of being the second oldest stock exchange in South Asia. Despite being inactive, CSE’s historical significance and CSE-40 index make it a noteworthy player in India’s financial history.
India International Exchange (India INX)
India International Exchange (India INX), inaugurated in 2017 in GIFT City, Gujarat, operates uniquely in derivatives and debt. With recognition until December 28, 2020, India INX stands as India’s first international exchange, running on the world’s fastest Eurex T7 platform. Operating 22 hours a day, it facilitates foreign currency investments, providing a viable alternative to offshore banking.
Multi Commodity Exchange of India (MCX)
The Multi Commodity Exchange of India (MCX), founded in 2003, has become the largest commodity derivatives exchange in India. Celebrating its 15th anniversary with a $50 trillion turnover, MCX exclusively deals in commodities such as gold, silver, rubber, and crude oil. Its innovative approach, including the launch of the web-based app “ComRIS,” has solidified its position globally.
National Commodity & Derivatives Exchange (NCDEX)
National Commodity & Derivatives Exchange (NCDEX), established in 2003, specializes in commodity derivatives like seeds, turmeric, and wheat. With over 30 lakh clients and services available across 1000 centers in India, NCDEX stands as a key player in the country’s online commodity trading.
Indian Commodity Exchange Limited (ICEX)
The Indian Commodity Exchange Limited (ICEX), registered with SEBI since August 2017, has made waves as the only exchange worldwide to launch a diamond derivative contract in 2017. Offering trading opportunities in mutual funds and commodity derivatives, ICEX adds diversity to India’s financial markets.
Metropolitan Stock Exchange of India Limited (MSE)
Established in 2008, the Metropolitan Stock Exchange of India Limited (MSE) offers a transparent electronic trading system, allowing investment in over 1500 companies. With significant shareholding by big financial institutions, MSE stands as one of the three stock exchanges in India where trading of individual stocks is permitted.
National Stock Exchange IFSC Limited
National Stock Exchange IFSC Limited, a subsidiary of NSE, launched in 2016 at GIFT City, Gujarat, aims to expand India’s financial market. Operating in derivative segments like equity, currency, and commodity, it plays a crucial role in attracting more capital to the Indian markets.
Closing Exchanges
While exploring the vibrancy of active stock exchanges, it’s essential to acknowledge the closures of some exchanges. The list of stock exchanges that have shut down, including Ahmedabad Stock Exchange, Delhi Stock Exchange, and Coimbatore Stock Exchange, highlights the challenges faced by exchanges. Factors like lack of trading volume, non-compliance with regulations, financial problems, mergers, and outdated technology contribute to these closures. To stay competitive, stock exchanges must ensure compliance, financial viability, and technological relevance in the ever-evolving market.
Selecting the Right Exchange for Transactions
The choice of a stock exchange for transactions hinges on various factors. Investors and traders should consider the following when deciding where to conduct transactions:
- Listed Companies: Evaluate the companies listed on each exchange to align with your investment goals.
- Commodities: Assess the range of commodities traded on exchanges like MCX and NCDEX.
- Trading Instruments: Different exchanges offer various trading instruments, from equity and derivatives to commodities and currencies.
In India, most stocks are listed on both BSE and NSE, making the choice less challenging for investors. However, for those interested in specific sectors or commodities, a more detailed analysis is essential.
Conclusion [List of 24 Stock Exchanges In India]
Navigating the complex world of Indian stock exchanges requires a nuanced understanding of their history, specialties, and the factors influencing their success. Investors and traders should stay informed, considering the dynamic nature of the market and the unique offerings of each exchange. As we conclude this exploration, remember, a well-informed decision today can pave the way for a prosperous financial future.