What is National Stock Exchange of India?
[[File:National Stock Exchange of India 2.jpg|250px|thumb]] The''' National Stock Exchange''' of [[India]] Limited ('''NSE'''), is a [[Mumbai]]-based [[stock exchange]]. It is the biggest stock exchange in [[India]] and the third biggest in the [[world]] in terms of amounts of [[transaction]]s.<ref>[http://ia.rediff.com/money/2006/jul/25quiz.htm Asia's oldest stock exchange is?]</ref> NSE is mutually-owned by [[bank]]s, [[insurance]] companies and other financial intermediaries in India but its [[ownership]] and [[management]] operate as separate groups.<ref>{{Cite web |url=http://www.geocities.com/kstability/student/illiquid/illiquid2.html |title=Personal website of R.Kannan |access-date=2007-08-25 |archive-date=2009-10-28 |archive-url=https://web.archive.org/web/20091028014118/http://geocities.com/kstability/student/illiquid/illiquid2.html |url-status=dead }}</ref> [[As of 2006]], the NSE [[VSAT]] terminals, 2799 in total, covered more than 1500 cities across India.<ref>{{Cite web |url=http://www.nse-india.com/content/us/us_factsfigures.htm |title=NSE - About Us - Facts & Figures |access-date=2007-08-25 |archive-date=2006-11-13 |archive-url=https://web.archive.org/web/20061113122057/http://www.nse-india.com/content/us/us_factsfigures.htm |url-status=dead }}</ref> In July 2007,it had a total [[market capitalization]] of 42,74,509 crore INR making it the second-largest [[stock market]] in [[South Asia]].<ref>{{Cite web |url=http://www.nseindia.com/content/us/fact2006_sec1.pdf |title=NSE annual survey |access-date=2007-08-25 |archive-date=2006-08-24 |archive-url=https://web.archive.org/web/20060824214906/http://www.nseindia.com/content/us/fact2006_sec1.pdf |url-status=dead }}</ref> ==Origins== [[File:National Stock Exchange of India 6.jpg|thumb|250px]] The National Stock Exchange of India was promoted by leading Financial institutions at the behest of the [[Government]] of India, and was incorporated in November [[1992]] as a tax-paying [[company]]. In April [[1993]], it was recognized as a [[stock exchange]] un