Nifty50 hits 10,000: A look back at NSE's 25-year history

As the National Stock Exchange’s flagship index, Nifty50, hit its historical 10,000 mark on Tuesday, here is a quick look back at country’s largest stock exchange’s 25-year long history:

Inception
NSE, which was the first exchange in the country to provide a fully automated screen-based electronic trading system to the investors, was established in 1992 as a tax-paying company. It was recognised as a stock exchange by the market regulator Sebi in April 1993, when P V Narasimha Rao headed the country as Prime Minister and Manmohan Singh was the Finance Minister. The equity segment of the NSE commenced operations in 1994, and derivative segment came into being in 2000, while the internet trading also started in 2000. Nifty Trading Tips

When BSE underestimated NSE

BSE remained the undisputed leader among stock exchanges until the NSE emerged on the scene in 1993. Its electronic trading system and easy membership procedure changed overnight the rules of the game, and NSE soon wrested a substantial share of the market from BSE. Soon after, BSE, which had for long resisted the government’s efforts to introduce computerised trading, was forced to follow suit. Future & Option Trading Tips

The launch of Nifty index

The NSE launched its flagship 50-share index on April 21, 1996 with a base value of 1000, and base year 1995. It was then called the CNX Nifty and was renamed in 2015 as Nifty50. The index comprises 50 actively traded stocks from various sectors. Financial Astrology Tips