India has 2 major stock exchanges where securities are traded between investors and traders with the help of a broker. These 2 stock exchanges are - BSE and NSE. In this article, we will be discussing what is the difference between BSE and NSE.
Before we get into the comparison between BSE and NSE, let us first understand what is BSE and NSE in brief.
BSE - The full form of BSE is the "Bombay Stock Exchange". As it was founded in 1875, it is the oldest stock exchange in entire Asia. The benchmark index of BSE is known as SENSEX which comprises 30 stocks.
NSE - The full form of NSE is the "National Stock Exchange". It was founded in 1992 (Mumbai) and it was through NSE that Electronic Trading Platform was first introduced in India. Nifty is the benchmark index of NSE which comprises 50 stock, hence it is known as "Nifty Fifty".
Difference between BSE and NSE -
a) Basis of Comparison -
BSE - The price of the share varies if listed on NSE. It can be on a little bit higher or lower side.
NSE - Vice Versa
b) Benchmark Index -
BSE - SENSEX (comprises of top 30 companies)
NSE - NIFTY (comprises of top 50 companies)
c) Trading Volume -
BSE - Lower (in comparison to NSE)
NSE - Higher
d) Total number of listed Companies -
BSE - 5439
NSE - 1952
e) Market Capitalization -
BSE - 2.3 Trillion USD (as on Nov 2019)
NSE - 2.27 Trillion USD (as on Nov 2019)
f) Global Rank -
BSE - 10th
NSE - 11th
g) Index Value (As on July 15, 2020) -
BSE - Rs 36,051.81
NSE - Rs 10,618.20
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