The National Stock Exchange of India Limited (NSE) is the largest financial market in India and one of the major stock exchanges in Asia. If we look at equity trading volume, it is also one of the top-ten largest exchanges in the world.

NSE was incorporated in 1992 by a group of Indian financial institutions and trading commenced in 1994 when the wholesale debt market was launched. Today, the NSE conducts transactions in the wholesale debt, equity and derivative markets.

Thanks to the advent of retail stock brokers online, traders from many different parts of the world can now gain exposure to shares listed on NSE, and many brokers also offer index speculation.


Market capitalisation

In July 2022, the market capitalisation of NSE listed companies was 3.32 trillion USD. To put this in comparison, the market capitalisation of NYSE was 24.68 trillion USD, for Euronext it was 5.9 trillion USD and for the LSE Group 3.17 trillion USD.

Is the National Stock Exchange of India electronic?

Yes, NSE was the first exchange in India to provide fully automated electronic trading, and also the first electronic limit order book to trade derivatives and Exchange Traded Funds (ETF:s).

NSE is the largest private wide-area network in India and it supports over 3,000 Very Small Aperture Terminal (VSAT) terminals.

What is the currency for the NSE?

Indian rupee (INR)

Which is the largest company listed on the NSE (by market cap)?

At the time of writing, the five largest companies listed on the NSE by market capitalisation are Reliance, TCS, HDFC Bank, ICICI Bank, and Infosys.

Headquartered in Mombai, Reliance Industries Ltd is the largest publicly traded company in India by market capitalisation and it is also the largest company in the country measured in revenue. By the end of Q1 2022, the market capitalisation for the company was equal to circa 243 billion USD. Reliance is involved in several different industries and sectors, including petrochemicals, natural gas, energy, textiles, retail, mass media, and telecomunications. At the time of writing, over 235,000 people in India are employed by Reliance, making it one of the largest employers in the nation, and is also one of the highest income tax payers in the Indian private sector. Roughly 5% of the Indian government´s total revenues from customs and excise duty hail from Reliance. Reliance is traded as NSE: RELIANCE, BSE: 500325, and LSE: RIGD.

Index speculation

The NSE maintains market indices that tracks various market caps, specific sectors, factor strategies, and volatility.

NIFTY 50 Index

One of the most popular offerings at NSE is the flagship NIFTY 50 Index, which tracks the largest assets on the Indian equity market. This is a benchmark index representing a weighted average of 50 of the largest Indian companies listed in the NSE. In the United States, some ETF:s have been created to track the NIFTY 50 Index, e.g. the iShares India 50 EFT (INDY).

At the time of writing, the total value of the stocks included in the NIFTY 50 Index make up nearly half of the traded value of all NSE listed stocks. The stocks represent a dozen different sectors of the Indian economy.

NIFTY 50 is one of the two main stock indices in India, the other one being the BSE SENSEX. The BSE SENSEX (S&P Bombay Stock Exchange Senstitive Index) is a free-float market-weighted index representing 30 large and well-established companies listed on the Bombay Stock Exchange.


This is a broad-based stock market index for the Indian stock market, and it is comprised to the top 500 companies listed on the NSE. It represents circa 96% of the NSE free float market capitalisation.

The NIFTY 500 constituents disaggregated into 72 industry indices, and industry weights in the index reflect industry weights in the market.

NIFTY 100 Index

This index is comprised of the 100 most liquid stocks traded on the NSE.

NIFTY Next 50 Index

If you take the NIFTY 100 Index companies and remove those that are included in the NIFTY 50 Index, you end up with the companies that constitute the NIFTY Next 50. This index is also known as the NIFTY Juniors, as it represents the next rung of liquid securities below the NIFTY 50 companies.

The NIFTY Next 50 company shares make up around 10% of the traded value of all stocks on the NSE.