4. Bombay Stock Exchange (BSE)

India

Bombay Stock Exchange (BSE) became the first stock exchange in 1956 when it earned recognition by the Indian Government under the Securities Contracts Regulation Act. In 1986, it developed the BSE SENSEX with which it measured the overall performance of the exchange. BSE has the largest number of listed companies in the world. As in March 2012, there are 5,133 Indian companies listed on the stock exchange. The BSE stands at the 4th position with a market cap of $1,101.87 billion as on June 30, 2012.

BSE history dates back to 1850s, when four Gujarati and one Parsi stockbroker would group under banyan trees in front of Mumbai's Town Hall. Many times the location of these meetings changed, as the number of brokers continuously increased. Finally in 1874, the groups moved to Dalal Street and in 1875 it grew to be an official organization known as 'The Native Share & Stock Brokers Association'.

5. National Stock Exchange (NSE)

India

National Stock Exchange (NSE) is the largest exchange in India in terms of daily turnover and number of transactions. In 1991, NSE was set up by Government of India on the recommendation of Pherwani Committee. In the following year, it was sponsored by the leading financial institutions essentially by IDBI and hence it incorporated in November 1992, as a tax-paying company. In April 1993, it got recognized as a stock exchange under the Securities Contracts (Regulation) Act 1956.

The NSE's chief index is the S&P CNX Nifty, known as the NIFTY, an index of fifty major stocks weighted by market capitalisation. The NSE stands at the 5th spot with market valuation at $1,079.39 billion on June 2012.As of July 2012, NSE has more than 1,652 companies listed.

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