What is the history of stock exchanges in India?

HISTORY OF STOCK EXCHANGES IN INDIA

The origin of stock trades in India can be followed to the last 50% of the nineteenth century. After the American Civil War(1860-61), there was a frenzy for purchasing and selling divides between people in general, so this period saw an emotional expansion in the number of specialists managing in shares. The intermediaries coordinated a casual relationship in Mumbai named "The Native Stock and Share Brokers Association" in 1875. 

Expanded movement in exchange and business during the First World conflict and second universal conflict brought about an increment in the stock exchange. Stock traders were set up in various focuses like Chennai, Delhi, Nagpur, Kanpur, Hyderabad, and Bangalore. The development of stock trades experienced a misfortune after the finish of the conflict. Overall, melancholy influenced them. In the beginning phases, a large portion of the stock trades was speculative and needed specialized strength. The Securities Contracts (Regulation) Act (SCRA) of 1956 offered forces to the focal government to manage the stock trades. The stock trades in Mumbai, Kolkata, Chennai, Ahmedabad, Delhi, Hyderabad, and Indore were perceived by the SCRA. The Bangalore stock trade was perceived distinctly in 1963. Till as of late, floor exchanging occurred in every single stock trade. In the floor exchanging framework, exchange

General stores were doled out for various protections where the purchasing and selling of protections occurred. Happens through an open clamor framework during the authority exchanging hours. This framework required a vis-à-vis contact among dealers and limited the exchanging volume. The speed of new data pondered the costs were fairly lethargic. The arrangements were likewise not straightforward, and the framework supported the representatives instead of the financial backers. 

The setting up of the National Stock Exchange(NSE) and the over-the-Counter Exchange of India(OTCEI) with their screen-based exchanging office brought about other stock trades turning towards PC-based exchanging. In 1965, the BSE presented the screen-based exchanging framework known as Bombay Online Trading System(BOLT). As of now, India has 24 stock trades. The current status of the stock trades is given in the underneath table

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