Indian Capital Market

There are totally twenty three stock exchanges in India, two national and twenty
one regional. The stock exchange is open and traded every Monday to Friday
between 9.00 am and 3.30 pm with majority of trades on the two national stock
exchanges; the Bombay Stock Exchange (BSE) and the National Stock Exchange
of India (NSE). Both BSE and NSE are located in the financial district of Mumbai,
the premier business capital of India.

The Regional Stock Exchanges (RSE) began clustering from the year 1894, when
the first RSE, the Ahmedabad Stock Exchange (ASE) was established. In the year
1908, the second RSE was establsihes, The Calcutta Stock Exchange (CSE).
During the early sixties, there were only few recognized RSEs in India; The
Ahmedabad Stock Exchange, The Calcutta Stock Exchange, The Delhi Stock
Exchange, The Hyderabad Stock Exchange, The Madhya Pradesh Stock
Exchange and The Madras Stock Exchange. The number remained unchanged for
the next two decades. 1980s was the turning point and many RSEs were
incorporated.