Stock exchange or
bourse is a mutual organization which provides facilities for stock brokers and
traders, in trading company stocks and other securities, and for the issue of
redemption of securities and other financial tools and capital events like the
payment of income and dividends. Stock Exchanges in India also assist the issue
and release of securities and other monetary tools incorporating the
fortification of revenues and dividends. National Stock Exchange of India is
India’s largest Stock Exchange and World’s third largest stock exchange in
terms of transactions. In this article we are going to give review on www.
Nseindia.com which is the official
website of National Stock Exchange India Ltd.
April 2012.
NSE website has proved
as a boon not only for the investors but also for the aspiring financial
professionals seeking proper training and education in financial markets. The
main objective behind NSE is to establish trading facility nationwide for all
types of securities. It also ensures equal access to all investors in the
country through the process of an appropriate telecommunication network. NSE
was able to achieve its objectives within a very short span of time. NSE has
national reach to major market segments like equity or capital markets, futures and options or derivatives market, wholesale debt
market, mutual funds, initial public offerings and so on. NSE provides an easy
access to all the important information related to financial instruments.
The typical home page of the site shows nifty
chart, major indices like nifty preopen, S&P CNX nifty, CNX Nifty junior,
CNX Nifty midcap, Nifty Midcap 50 etc and other indices like Bank Nifty, CNX IT
and CNX Auto etc. In addition to that it also provides links of stock watch,
Nifty gainers, Nifty losers and other all important links to inside pages. But
unlike BSE, NSE doesn’t have moving ticker of
stock quotes on its home page or anywhere else, which we strongly
believe it should have so that even a layman visiting the NSE website can have
a look at a particular scrip quotes within fraction of seconds, instead of
digging the website for a longer time. Also for a lay investor it should also
have a link of corporate announcements on the home page as well so that the
website sounds more user friendly for a routine information like that.
Anyway we will move forward to discuss the other
features of NSE website. NSE has a product
section where the investors and traders can educate themselves about all
the financial instruments being traded on exchange. Under the product section
of NSE we would talk about currency derivatives as it was introduced quite
lately in exchange.
A currency
future, also known as FX future, is a futures contract to exchange one currency
for another at a specified date in the future at a price (exchange rate) that
is fixed on the purchase date. Currency Derivatives are available on four
currency pairs viz. US Dollars (USD), Euro (EUR), Great Britain Pound (GBP) and
Japanese Yen (JPY). Currency options are currently available on US Dollars. The direct link of currency derivative is:
Moreover product feature also provides an
access to reports and historical data
pertaining to all products including currency derivatives available on NSE
in this section. The link to this feature is:
Now we would talk
about one of the most useful and popular feature of the website i.e. Corporate section. The Corporate
section of NSE website gives different dates related to corporate benefits like
bonus, dividend and the announcements like face splits. All these dates are to
find out eligible investors for the corporate benefits and smooth passage of
these benefits to them. All this information is given under the sub link of
corporate information. There are other sub features of corporate section
besides corporate information like listing on NSE which explains in details
listing of mutual funds, listing on Capital market, listing on WDM segment (Wholesale
Debt Market), Listing on RDM segment (Retail Debt Market) and benefits of
listing. This feature is useful in having right knowledge about listing norms
and regulations of different instruments and the website also explains it quite
well. There are two another sub features
called as securities information and other information. The securities
information provides information on listed securities, forthcoming issues and
recent listings. This feature is really useful for the investors who invest in
IPOs. The other information provides information on compliance, company contact
details and so on. NSE also has a tie
up with CRISIL for independent equity research reports. These reports offer
the information on company background, financial analysis, peer analysis, stock
indicators, and shareholding pattern and so on. It also offers several benefits
to the company being covered like it enhances transparency, supports investor
relation and enhanced visibility across investors. This initiative by NSE is
indeed commendable because these reports are very useful for long term
investors. The link of corporate information: http://www.nseindia.com/corporates/new_corporates.htm
The other feature of
NSE called as live data provides the
access of live data to traders where traders can see things like advances
and declines, top ten gainers, top ten losers , most active securities, new 52 week
high or low etc. It provides this information for all the financial instruments
i.e. equity, derivatives, currency derivatives, exchange traded funds and bonds
in Capital market. The link of live data
is: http://nseindia.com/live_market/dynaContent/live_market.htm
In addition, NSE also has TAME ie Technical Analysis Made Easy. It is a
charting technique and analysis tool to measure market movements with the help
of indicators. TAME provides an exhilarating experience with its inbuilt
indicators that make analysis simple and easy. The
direct link of TAME is
The live section of
NSE also offers option chain of equity
derivatives and currency derivatives. Under this section, investor can find
a lot of data on call option and put options of the stocks, currency at
different strike price. It provides data like open interest, change in open
interest and volume. This information is again very useful in knowing the
sentiment of investors towards markets or any particular stock. This is the
best way for any investor to know about open interest and price of any index or
stock or currency at a particular strike price. Along with that it offers
charts as well. The direct link of
option chain of equity derivatives is:
The direct link of
option chain of currency derivatives is:
In the live section,
investors can also access information on
international index like S&P and Dow Jone industrial average. This
information is very useful for tracking international markets which is very
important for all the investors worldwide. This link provides data on
International index options and futures. The direct Link is: http://nseindia.com/live_market/dynaContent/live_watch/derivative_stock_watch.htm?cat=GI
Similar to data of
international index information, NSE also provides all the data of currency
futures contracts which is again very useful for Currency traders. This section
provides all the important information on currency futures like LTP, volume,
turnover etc. On the similar lines trader has an access to all the data of interest rate futures as well. In
short, these sub sections of live analysis provides all the important routine
information on all the financial instruments.
The direct link of
currency futures data is:
The
direct link of interest rate futures is:
Last but not the
least traders and investors can also have an access to new 52 week high and new
52 week low of all the stocks traded in exchange. This information is useful
for the technical analysts as well as it helps in finding out important support
and resistance levels of stocks. The direct links of 52 week high and 52 week
low of stocks are:
It also has a margin calculator under tools section
which calculates margin required for trading in equity derivatives, which again
is very useful for derivative traders. The
direct link is:
Now we will move to
the investor section of NSE. NSE has
an investor section which takes care of investor rights and obligations. It also
educates the beginners on basic concepts like how to do online trading and also
impart basic knowledge on day to day trading or investments. It has a
subsection called as interesting investment concepts, which is the commendable
feature of this website. This subsection covers many interesting topics like
basics of financial markets, introduction to power of attorney, soch samajh ke
invest kare leaflet and so on. This also doesn’t end here! It also has equities
guide where investors can get answers to common questions on mutual funds, gold
ETFS and indices. It also has a complaint
section where investor can file a
complaint against any listed company on any issue like non receipt of dividend,
non-receipt of Allotment Advice, securities allotted, refund order or any
complaint regarding transfer of securities. It has a proper investor
grievance resolution panel which caters to the needs of investors by resolving
the queries of investors, resolution of investor complaints and by providing Arbitration Mechanism
for quasi judicial settlement of disputes. It also saves a lot of investors from
the fraud by letting them know about the defaulters or expelled members under
its defaulter section. Also investor can
download form for any complaint or claim against any defaulter from the website
only. This initiative by NSE is also commendable where investors issues are
being taken care very well and also the mode of lodging complain is also very
convenient and less time consuming. The link of investor section is:
Finally we would talk out another popular feature of NSE
i.e. education and training section. The various modules and
certifications offered by NSE have gained a lot of popularity over a number of
years. In pursuance of the announcement made by the Finance Minister in his
Budget Speech in February 2005, Securities and Exchange Board of India (SEBI)
established the National Institute of Securities Markets (NISM) in Mumbai.
Towards accomplishing the desire of Government of India and vision of SEBI, NISM has launched an effort to deliver financial and securities education at various levels and across various segments in India and abroad. To implement its objectives, NISM has established six distinct schools to cater the educational needs of various constituencies such as investor, issuers, intermediaries, regulatory staff, policy makers, academia and future professionals of securities markets. In addition to that there are most popular NCFM modules which provide small certifications in various modules to aspiring brokers or dealers. It offers modules on all the financial instruments starting from derivatives to debt market module. Lately NCFM has also come up with modules on financial modeling, equity research and fundamental analysis module which are an excellent way to educate non finance professionals on basics of fundamental and economic analysis. However with the technical analysis gaining so much importance in trading day by day either NCFM should come up with a module on charting or technical analysis or the NSE website can simply have one small section where basic knowledge and importance of charting can be imparted to the investors worldwide. The link to the education section is:
Towards accomplishing the desire of Government of India and vision of SEBI, NISM has launched an effort to deliver financial and securities education at various levels and across various segments in India and abroad. To implement its objectives, NISM has established six distinct schools to cater the educational needs of various constituencies such as investor, issuers, intermediaries, regulatory staff, policy makers, academia and future professionals of securities markets. In addition to that there are most popular NCFM modules which provide small certifications in various modules to aspiring brokers or dealers. It offers modules on all the financial instruments starting from derivatives to debt market module. Lately NCFM has also come up with modules on financial modeling, equity research and fundamental analysis module which are an excellent way to educate non finance professionals on basics of fundamental and economic analysis. However with the technical analysis gaining so much importance in trading day by day either NCFM should come up with a module on charting or technical analysis or the NSE website can simply have one small section where basic knowledge and importance of charting can be imparted to the investors worldwide. The link to the education section is:
We would also like our investors to know about another very useful
and interesting feature of NSE i.e. market map. In this link you
can find out another set of information like free float market capitalization
on any stock belonging to any sector merely by putting a cursor on that. For
example by clicking on Automobile sector one can have an access to information
on any Automobile stock like Bajaj-Auto, M&M and so on. This doesn’t
end here! By clicking on any sector specific stock, investor can also have a
look at the financials, shareholding pattern, market tracker, company address,
corporate action, announcements and board meeting. This is one of the
most fabulous features offered by NSE website where by merely clicking on one
link investor can see any information on any stock belonging to any sector!
Thumbs up to market map for its wonderful features. The direct link of market
map is:
Now we would talk about the research section of NSE website.
This section is also unique in its own ways. This section offers information on
various aspects like Listing and new issues. Under this subsection
investor can have full knowledge about name of NSE listed companies, companies
listed during the month, funds mobilization. It also offers information on
Capital and F&O segment. Under this subsection investors can know
business growth in capital and F&O segment like no of companies listed,
no of companies permitted to list etc. In addition to that other
information is also available like top ten traded securities, market
capitalization for capital market, contract wise trade details of F&O
segment and so on. However this feature is more detailed for currency
derivatives like it offers information on open interest as well. F&O
segment should also offer information on open interest. Also some subsections
like funds mobilization don’t have professional look. NSE should work
on the look of these subsections as well. The direct link is:
NSE features don’t end even here. Now we would talk about NSE
IT. NSE.IT was born as the IT department of National Stock Exchange way
back in 1993-94 called as 'System & Telecom', after successfully
meeting a series of major challenges. NSE.IT Limited is a 100% subsidiary of
the National Stock Exchange of India Limited - the 3rd largest exchange in the
world, as well as the most innovative stock exchange. NSE.IT strengthened its
position by offering innovative products and services to the security industry
as a whole and not restricting it within the Exchange domain. NSE.IT is
the turnkey provider in innovating Business solutions like introducing
e-learning financial portal in the country, providing Integrated (CM +
F&O) Internet trading solution and spot exchange to help brokers in
algorithmic trading. NSE.IT has shown innovation by being focused on
developing mission-critical technology solutions for the Financial Services
industry and the facilitation of change within these markets. NSE.IT has
emerged as the preferred technology partner for deploying high end solutions
for the financial services sector.
NSE.IT Limited, a Vertical Specialist Enterprise, offers
end-to-end Information Technology (IT) products, solutions and services and has expertise in a wide range
of business applications. It specialize in providing complete IT solutions to
Stock Exchanges, Clearing Corporations, Brokerage Firms, Insurance Firms and
other organizations in the Capital Market, Banking and Insurance industry. This
is another innovative feature offered by NSE. The link of NSE IT is:
NSE also has a special promotion for Gold ETFS. This website of
NSE is a boon for all those investors who want to trade in gold. The website
also educates investors about what is gold ETF, various benefits and features
of gold ETFS. Also it makes investor aware about all the asset management
companies listed on NSE who own gold ETF products. The direct link of this
website is:
NSE also tells traders and investors about all the holidays in the
entire year. Traders can access this information in the following link:
Likewise BSE, NSE has also launched specialized division or
platform so to say, for facilitating listing of so-called SME (small and medium
enterprises). You can find more detail about it on this link,
In a nutshell, Indian bourses, NSE being one out of them, have
outstandingly featurous and useful websites build, compared to any where in the
whole world. This can only be realized by merely trying to find quotes on
official web portals of international big exchanges.
Some more useful links on www.nseindia.com website:
Corporate
Announcements
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Charts
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Details
on NISM modules
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Details
on NSFM modules
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April 2012.
The quality of information that you are providing about NSE is simply marvelous and good knowledge for NCFM students. NCFM Academy hyderabad
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