Indian stock market
Indian stock market has constantly been on a high in last few years. Barring the period of one year starting with 2008, Indian market has kept on climbing new heights. Even the downturn seen in Indian share market has less to do with any inherent problem of Indian economy. The meltdown was caused by global recession and as indices of major economies affect other nations, Indian stock market had to witness some downturn. But things have changed dramatically in last few months. The sensex has kissed figure of 16000 and that is almost double from the bottom seen during October 2008.
Indian stock market has witnessed a great inflow of funds from FIIs (Foreign Institutional Investors). The potentially explosive growth of Indian economy has resulted in stratospheric rise of stock market and share trading. 1875 was the year when stock exchanges started to work in India. The first stock exchange was Native Share and Stock Brokers Association that was renamed as Bombay Stock Exchange (BSE). BSE is one of the oldest exchanges in Asia. The government of India gave BSE permanent recognition in 1965. In terms of popularity NSE (National Stock Exchange) comes second to BSE. The terms BSE and NSE represents Indian stock market.
Sensex was compiled in 1986. It is made up of 30 stocks from 13 different industries of India. The movement in these shares determine the total movement of sensex. Another crucial index is Nifty that is made up of 50 stocks. The functioning of stock exchange is regulated by SEBI (The Securities and Exchange Board of India). It is a statutory body formed by government in 1992. Indian stock exchange has second largest number of companies listed after USA. Indian middle class population has also started to participate in the stock market with great enthusiasm.
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