You are on page 1of 4

EQUITYPANDIT KNOWLEDGE SERIES

Tutorial-1
History of Indian Stock Market

Indian Stock Market is one of the oldest Stock Market in Asia. East India Company used to transact
Loan Securities by the end of 18th Century. In the 1830s, trading on corporate stocks and shares in Bank
and Cotton presses took place in Bombay.

Establishment of BSE (Bombay Stock Exchange)


Few informal groups of Stock Brokers organized themselves in 1875 and
were formally organized as Bombay Stock Exchange (BSE). In 1956, the
Government of India recognized the Bombay Stock Exchange as the
first Stock Exchange in the country under the Securities Contracts
(Regulation) Act.
But still there was no means to measure the overall performance of the
exchange. So, in 1986, Bombay Stock Exchange developed BSE Sensex (Sensex = Sensitive Index),
an index of top 30 companies, which gave a means to measure the overall performance of the Exchange.

Establishment of SEBI (Securities and Exchange Board of India)


Until late 1980s, BSE ran with low transparency and an unreliable
clearing and settlement systems. Towards the end of the 1980s, new
economic forces, the economic growth and currency crisis emphasized
the need for modernization of the financial system. Government created
the Securities and Exchange Board of India (SEBI) in 1988.

EquityPandit Financial Services Pvt. Ltd. | www.equitypandit.com | info@equitypandit.com

Establishment of NSE (National Stock Exchange)


In April 1992, Bombay Stock Exchange crashed due to Harshad Mehta
Scam. Finance minister Mr. Manmohan Singh urged the need of other
Stock Exchange in competition to BSE. He tapped the Industrial
Development Bank (IDB) to take the lead of the project of creating
competition for BSE.
In November 1992, NSE (National Stock Exchange) was established as the first electronically traded
Stock Exchange in India. After a few years of operations, the NSE has become the largest stock
exchange in India.
BSE also automated the systems in 1995 but it never caught up with NSE Spot Market turnover.
Three segments of the NSE trading platform were established one after another. The Wholesale Debt
Market (WDM) commenced operations in June 1994 and the Capital Market (CM) segment was opened
at the end of 1994. Finally, the Futures and Options segment began operating in 2000. Today the NSE
takes the 14th position in the top 40 futures exchanges in the world.
In 1996, the National Stock Exchange of India launched S&P CNX Nifty. CNX Nifty (Nifty = National
Fifty) is a diversified index of 50 stocks from 25 different economy sectors.
In 1998, the National Stock Exchange of India launched its web-site and was the first exchange in India
that started trading stock on the Internet in 2000. Today, NSE has roughly 66% of equity spot turnover
and roughly 100% of equity derivatives turnover.

About EquityPandit
EquityPandit was established in year 2005. Today, EquityPandit is
one of the Leading Equity Research Company in India, with around
24000 active subscribers around the globe, who enjoy huge profits
in association with EquityPandit.
We have been in this industry for a LONG time. In fact, we were among the First few Indian entities
in the Advisory domain to venture onto the Internet.
Today, we have 24000 subscribers... in 32 countries worldwide who trust us!
We are an ISO Certified company for quality of our services.
We were the First Company to bring research and advisory based on Technical analysis on
internet in India, until then, only investment research was available on internet in India.

EquityPandit Financial Services Pvt. Ltd. | www.equitypandit.com | info@equitypandit.com

EquityPandit Premium Services

EP-Cash Back package is EquityPandit's Sureshot package and Guarantees


minimum of 15% returns on your investment amount in 1 month else 100%
subscription fees is returned, no questions asked.

In this package, EquityPandit provides highest quality F&O calls and provide follow-ups till exit of every future lot
taken. One who wishes to earn consistent huge profits in Stock Market, should go for this package. Know more
about EP-CashBack package

EP-F&O Special is EquityPandits huge profits generating package. In this


service we provide you with an excellent F&O calls in equity and Indexes like
Nifty and bank Nifty. This service is basically for F&O Traders. Here you will
receive 2-4 calls daily. Huge profits are earned every month.

In this package we provide huge profits every month on consistent basis. Our subscribers earn around Rs.1 lac
every month and sometime profits rise to 2-3 lac per lot traded, if market co-operates. Know more about EP-F&O
Special package

EP-Basic is Intraday Package which is meant for intraday traders. Calls are
provided live during market hours by SMS. 2-3 Intraday calls are given within a
day. EquityPandit provides assured daily profits in this package i.e everyday
you would end up with profits. High accuracy of 90-95% is maintained consistently. Know more about EP-Basic
package

EP-Investor is EquityPandit's Flagship product. This package is for short


term investments. Recommendations given in this package are midcap and
smallcap multibaggers. Each and every call provided in this package gives 1525% profits in short term and most of our call gives more than 100% profits in small time duration. A most famous and
appreciated package among investors in Indian Stock Market. Know more about EP-Investor package

EquityPandit Financial Services Pvt. Ltd. | www.equitypandit.com | info@equitypandit.com

An ISO 9001:2008 Certified Company


www.equitypandit.com

EquityPandit Financial Services Pvt. Ltd. | www.equitypandit.com | info@equitypandit.com

You might also like