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National Stock Exchange (NSE): Meaning, Full Form
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Disclaimer: This Article is for information purpose only. The views expressed in this Article do not necessarily constitute the views of Kotak Mahindra Bank Ltd. (“Bank”) or its employees. Bank make no warranty of any kind with respect to the completeness or accuracy of the material and articles contained in this Newsletter. The information contained in this Article is sourced from empaneled external experts for the benefit of the customers and it does not constitute legal advice from Kotak. Kotak, its directors, employees and the contributors shall not be responsible or liable for any damage or loss resulting from or arising due to reliance on or use of any information contained herein.
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The National Stock Exchange (NSE) India is a premier stock exchange in India that plays a vital role in the country's financial market. It provides a platform for buying and selling securities, including equities, derivatives, and currency futures.
Its significance in the financial market lies in its ability to facilitate capital formation, promote investor protection, and contribute to the overall development of the Indian economy.
What is NSE?
The National Stock Exchange (NSE) India is a crucial institution in the Indian financial system, playing a significant role in facilitating the trading of various financial instruments. It is a platform for investors to buy and sell securities, including equities, derivatives, and currency futures. The NSE was established in 1992 and has since become India's largest and most technologically advanced stock exchange.
Its primary purpose is to provide a fair and efficient marketplace for participants to trade securities, ensuring transparency, price discovery, and market integrity. The NSE's objectives include promoting investor protection, fostering capital formation, and contributing to the overall development of the Indian economy.
Historical data of NSE
The National Stock Exchange (NSE) has a rich historical legacy in India's financial journey. Established in 1992, it has evolved into a prominent institution that has significantly influenced the functioning of the Indian stock market.
The location of NSE is in Mumbai, considered India's financial capital. Its registered office is at Exchange Plaza, Bandra-Kurla Complex, Bandra (E), Mumbai - 400051. Aside from its main office, the NSE has branches and offices spread across major cities in India, including Delhi, Kolkata, and Chennai. The NSE's presence and accessibility throughout the country have played a vital role in democratising participation in the Indian stock market and promoting financial inclusion.
Its robust infrastructure, cutting-edge technology, and efficient trading mechanisms have made it a preferred platform for investors, traders, and market participants. The NSE's contribution to the Indian financial landscape cannot be understated, as it has played a pivotal role in fostering liquidity, transparency, and stability in the market, ultimately driving economic growth and development.
Functions of NSE
The functions of the NSE are diverse and crucial in facilitating a seamless trading experience, ensuring market integrity, and promoting market development. The NSE's trading platform is a robust and efficient marketplace for buying and selling securities and instruments.
It provides a transparent and fair environment for investors and traders to execute their trades. Also, the NSE plays a pivotal role in listing securities and instruments, allowing companies to raise capital by offering their shares or bonds to the public. This process provides investors with a wide range of investment opportunities and contributes to the overall growth of the Indian capital market.
Alongside its trading and listing functions, NSE India also performs regulatory functions and compliance activities to maintain market integrity and protect the interests of investors. It establishes and enforces rules and regulations to ensure fair and ethical conduct in the market, thereby fostering investor confidence. Furthermore, the NSE actively undertakes market development initiatives to enhance the efficiency, depth, and liquidity of the Indian stock market.
Benefits of NSE
The National Stock Exchange (NSE) of India offers many benefits that positively impact the financial market and economy. One key benefit is improved liquidity and price discovery, which refers to the ease of buying and selling securities and determining their fair market value.
The NSE's robust trading platform facilitates smooth transactions, attracting many buyers and sellers and enhancing liquidity. This increased liquidity fosters efficient price discovery, ensuring that securities are traded at their true market value.
Enhanced transparency in trading is another advantage provided by the NSE. The NSE ensures a transparent and fair trading environment through its advanced technology and stringent regulatory framework. Investors have access to accurate and real-time information, allowing them to make informed decisions. This transparency builds trust and confidence in the market, attracting more participants and contributing to its overall development.
Efficient capital allocation is also a crucial function of the NSE. By providing a platform for companies to list and raise capital through issuing shares or bonds, the NSE facilitates the efficient allocation of capital in the economy. This enables businesses to fund their expansion plans, invest in research and development, and create job opportunities.
Kotak Mahindra Bank Historical Data on NSE
Kotak Mahindra Bank, one of India's leading private sector banks, has a rich performance history on the National Stock Exchange (NSE).
Overview of the Data
The data spans from February 1, 2023, to February 1, 2024. The parameters analysed include:
Performance Analysis
Let's analyse the performance of the Kotak Mahindra Bank stock using the above parameters over the stated period.
(INR)
Feb 01, 2024
1,830.00
1,850.00
1,719.00
1,742.45
1,742
28,473,721
Jan 01, 2024
1,909.00
1,919.00
1,752.40
1,825.25
1,825.25
115,429,112
Dec 01, 2023
1,760.00
1,926.50
1,748.25
1,908.10
1,908
73,046,644
Nov 01, 2023
1,731.00
1,784.25
1,717.85
1,755.45
1,755.45
57,341,585
Oct 01, 2023
1,735.70
1,779.95
1,688.40
1,739.40
1,739
70,509,740
Sep 01, 2023
1,763.90
1,836.00
1,729.00
1,735.70
1,735.70
79,358,426
Aug 01, 2023
1,850.00
1,987.75
1,836.05
1,856.55
1,855.02
98,636,711
Jul 01, 2023
1,856.00
1,979.15
1,815.30
1,846.55
1,845.03
93,755,857
Jun 01, 2023
1,968.00
2,064.40
1,890.00
2,014.35
2,012.69
175,500,746
May 01, 2023
1,938.05
1,943.30
1,733.20
1,938.05
1,936.46
61,942,376
Apr 01, 2023
1,734.00
1,765.00
1,643.50
1,732.85
1,731.42
108,237,742
Mar 01, 2023
1,729.25
1,803.90
1,687.75
1,729.25
1,727.83
54,834,762
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