In the year 1991 Pherwani Committee recommended to establish National Stock Exchange (NSE) in India. In 1992 the Government of India authorized IDBI for establishing this exchange.
In National Stock Exchange there is trading of equity shares, bonds and government securities. India's Stock Exchanges particularly National Stock Exchange has achieved world standards in the recent years. The NSE India ranked its 3rd position since last four years in terms of total number of trading per calendar year.
Presently there are 24 stock exchanges in India, out of which 20 have exchanges National Stock Exchange (NSE), over the Counter Exchange of India Ltd, (OTCEI) and Inter-connected Stock Exchange of India limited (ISE) have nationwide trading facilities.
New NSE Reference Rates
Both MIBOR (Mumbai Inter Bank Offer Rate) and MIBID (Mumbai Inter Bank Bid Rate) are the two new references rates of the National Stock Exchanges. These two new reference rates were launched on June 15, 1998 for the loans of inter bank call money market.
Both MIBOR and MIBID work simultaneously. The MIBOR indicates lending rate for loans while MIBID is the rate for receipts.
The Address and contact details of NSE offices are as follows:
NSE - Corporate Office
National Stock Exchange of India Ltd.
Plot no. C/1, G Block,
Mumbai - 400 051.Tel No: (022) 26598100 - 8114
Fax No: (022) 26598120
E-mail : [email protected]
NSE India- Branch Offices
406 Sakar II
Near Ellis Bridge
Ahmedabad - 380 006
Tel No: (079) 2658 0212/ 2658 0213
Fax No : (079) 2657 6123
7th Floor, Arihant Nitco Park,
90, Dr. Radhakrishnan Salai
Chennai - 600 004
Tel No : (044) 2847 5100 / 2847 3670
Fax No : (044) 2847 3633
"Thapar House" Western Wing,
New Delhi 110 001
Tel No: (011) 23344313 to 23344327
Fax No: (011) 2336 6658
Mahavir House, IInd Floor
Chamber no.203 & 204
Hyderabad : 500029
Tel No: (040) 23227084, (040) 23227085
Fax No: (040) 23227086
1st Floor, Park View Apartments
99, Rash Behari Avenue,
Kolkata - 700 029.
Tel No: (033) 24631802-1805, 24631809-1812
Fax No: (033) 24631791, 24631806