NATIONAL STOCK EXCHANGE OF INDIA
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Context:
- The Central Bureau of Investigation arrested Chitra Ramkrishna, former CEO of National Stock Exchange (NSE) in connection with its ongoing probe in the NSE co-location scandal.
About:
- The National Stock Exchange of India Limited (NSE) is India's largest financial market and the fourth largest market in the world by trading volume.
- National Stock Exchange was incorporated in the year 1992 to bring about transparency in the Indian equity markets.
- National Stock Exchange of India Limited was the first exchange in India to provide modern, fully automated electronic trading.
- Headquartered in Mumbai, the National Stock Exchange of India Limited (NSE) conducts transactions in the wholesale debt, equity, and derivative markets.
- It allows for new listings, initial public offers (IPOs), debt issuances and Indian Depository Receipts (IDRs) by overseas companies raising capital in India.
- S&P CNX Nifty is the benchmark index introduced by NSE.
- Some of its other indices are CNX Nifty Junior, India VX, S&P CNX Defty, S&P CNX 500, etc.
- The exchange offers clearing and settlement services through its wholly-owned unit, the National Securities Clearing Corporation set up in 1995.
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