June 06 , 2012
A Stock Exchange is a market-place where stocks (shares) and derivatives are bought and sold. It is the heart of stock markets. It provides technical infrastructure and services for traders and brokers to carry on buying and selling activities.
In India, there are two major stock exchanges– the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE). Both of these operate completely electronically to determine prices at which any given share is traded. Contrary to a common misconception, both these stock exchanges are privately held, much like any other private company. The Securities and Exchange Board of India (SEBI) is the Government regulator that monitors the working of stock exchanges.