World Major Stock Exchanges: List of World Biggest Stock Market

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This is a list of world major stock exchanges. Those futures exchanges that also offer trading in securities besides trading in futures contracts are listed both here and in the list of futures exchanges.

There are sixteen stock exchanges in the world that have a market capitalization of over US$1 trillion each. They are sometimes referred to as the "$1 Trillion Club". These exchanges accounted for 87% of global market capitalization in 2015. Some exchanges do include companies from outside the country where the exchange is located.

World Major Stock Exchanges

 

World Major Stock Exchanges

Major stock exchange groups (the current top 25 by market capitalization) of issued shares of listed companies.

Rank Stock exchange Short name Region Market cap
(USD bn)		 Open
(local)		 Close
(local)
1 New York Stock Exchange NYSE  United States 22,923 09:30 16:00
2 Nasdaq NASDAQ  United States 10,857 09:30 16:00
3 Japan Exchange Group JPX  Japan 5,679 09:00 15:00
4 London Stock Exchange LSE  United Kingdom/ Italy 4,590 08:00 16:30
5 Shanghai Stock Exchange SSE  China 4,026 09:30 15:00
6 Hong Kong Stock Exchange SEHK  Hong Kong 3,936 09:30 *16:00/16:08-16:10
7 Euronext  European Union/EEA 3,927 09:00 17:30
8 Shenzhen Stock Exchange SZSE  China 2,504 09:30 15:00
9 Toronto Stock Exchange TSX  Canada 2,095 09:30 16:00
10 Bombay Stock Exchange BSE  India 2,056 09:15 15:30
11 National Stock Exchange NSE  India 2,030 09:15 15:30
12 Deutsche Börse  Germany 1,864 08:00 (Eurex)
08:00 (floor)
09:00 (Xetra)		 22:00 (Eurex)
20:00 (floor)
17:30 (Xetra)
13 SIX Swiss Exchange   Switzerland 1,523 09:00 17:30
14 Korea Exchange KRX  South Korea 1,463 09:00 15:30
15 1,372 72
Copenhagen Stock Exchange formerly CSE  Denmark 09:00 17:00
Stockholm Stock Exchange  Sweden 09:00 17:30
Helsinki Stock Exchange formerly OMXH  Finland 10:00 18:30
Tallinn Stock Exchange  Estonia 10:00 16:00
Riga Stock Exchange  Latvia 10:00 16:00
Vilnius Stock Exchange VSE  Lithuania 10:00 16:00
Iceland Stock Exchange ICEX  Iceland 09:30 15:30
Armenia Securities Exchange AMX  Armenia 10:00 15:00
16 Australian Securities Exchange ASX  Australia 1,328 10:00 16:00
17 Taiwan Stock Exchange TWSE  Taiwan 966 09:00 13:30
18 B3  Brazil 938 09:00 18:00
19 JSE  South Africa 894 09:00 17:00
20 Bolsas y Mercados Españoles BME  Spain 764 9:00 17:30
21 Singapore Exchange SGX  Singapore 787 09:00 17:00
22 Moscow Exchange MISX /

MOEX

  Russia 619
23 Stock Exchange of Thailand SET  Thailand 549 10:00 16:30
24 Mexican Stock Exchange BMV  Mexico 530 08:30 15:00
25 Indonesia Stock Exchange IDX  Indonesia 521

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SEBI: Securities and Exchange Board of India

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The Securities and Exchange Board of India (SEBI) is the regulator of the securities and commodity market in India owned by the Government of India. It was established in 12 April 1988 and given Statutory Powers on 30 January 1992 through the SEBI Act, 1992.

Securities and Exchange Board of India (SEBI)

 

Key Description:

Formed: April 12, 1988; 32 years ago

January 30, 1992; 28 years ago (Acquired Statutory Status)

Jurisdiction: Government of India

Headquarters: Mumbai, Maharashtra

Employees: 644+(2012)

Agency Executive: Ajay Tyagi, IAS, (Chairman)

Website: www.sebi.gov.in

 

Securities and Exchange Board of India History

Securities and Exchange Board of India (SEBI) was first established in 1988 (originally formed in 1992) as a non-statutory body for regulating the securities market. It became an autonomous body on 12 April 1992 and was accorded statutory powers with the passing of the SEBI Act 1992 by the Indian Parliament. Soon SEBI was constituted as the regulator of capital markets in India under a resolution of the Government of India. SEBI has its headquarters at the business district of Bandra Kurla Complex in Mumbai and has Northern, Eastern, Southern and Western Regional Offices in New Delhi, Kolkata, Chennai, and Ahmedabad respectively. It has opened local offices at Jaipur and Bangalore and has also opened offices at Guwahati, Bhubaneshwar, Patna, Kochi and Chandigarh in Financial Year 2013–2014.

Controller of Capital Issues was the regulatory authority before SEBI came into existence; it derived authority from the Capital Issues (Control) Act, 1947.

The SEBI is managed by its members, which consists of the following:

  • The chairman is nominated by the Union Government of India.
  • Two members, i.e., Officers from the Union Finance Ministry.
  • One member from the Reserve Bank of India.
  • The remaining five members are nominated by the Union Government of India, out of them at least three shall be whole-time members.
  • After the amendment of 1999, collective investment schemes were brought under SEBI except nidhis, chit funds and cooperatives.

 

Securities and Exchange Board of India Organisation Structure

Ajay Tyagi was appointed chairman on 10 February 2017, replacing U K Sinha, and took charge of the chairman office on 1 March 2017. In February 2020, Ajay Tyagi's term as chairman of SEBI was extended by another six months.

The board comprises:

Name Designation
Ajay Tyagi Chairman
Gurumoorthy Mahalingam Whole time member
S.K Mohanty Whole time member
Ananta Barua Whole time member
Madhabi Puri Buch Whole time member
N S Vishwanathan Part-time member
Anand Mohan Bajaj Part-time member
K V R Murty Part-time member
V Ravi Anshuman Part-time member

List of Chairmen:

Name From To
Ajay Tyagi 10 February 2017 present
U K Sinha 18 February 2011 10 February 2017
C. B. Bhave 18 February 2008 18 February 2011
M. Damodaran 18 February 2005 18 February 2008
G. N. Bajpai 20 February 2002 18 February 2005
D. R. Mehta 21 February 1995 20 February 2002
S. S. Nadkarni 17 January 1994 31 January 1995
G. V. Ramakrishna 24 August 1990 17 January 1994
Dr. S. A. Dave 12 April 1988 23 August 1990

 

Securities and Exchange Board of India Functions And Responsibilities

The Preamble of the Securities and Exchange Board of India describes the basic functions of the Securities and Exchange Board of India as "...to protect the interests of investors in securities and to promote the development of, and to regulate the securities market and for matters connected there with or incidental there to".

SEBI has to be responsive to the needs of three groups, which constitute the market:

  • issuers of securities
  • investors
  • market intermediaries

SEBI has three functions rolled into one body: quasi-legislative, quasi-judicial and quasi-executive. It drafts regulations in its legislative capacity, it conducts investigation and enforcement action in its executive function and it passes rulings and orders in its judicial capacity. Though this makes it very powerful, there is an appeal process to create accountability. There is a Securities Appellate Tribunal which is a three-member tribunal and is currently headed by Justice Tarun Agarwala, former Chief Justice of the Meghalaya High Court. A second appeal lies directly to the Supreme Court. SEBI has taken a very proactive role in streamlining disclosure requirements to international standards.

Powers

For the discharge of its functions efficiently, SEBI has been vested with the following powers:

  • to approve by−laws of Securities exchanges.
  • to require the Securities exchange to amend their by−laws.
  • inspect the books of accounts and call for periodical returns from recognised Securities exchanges.
  • inspect the books of accounts of financial intermediaries.
  • compel certain companies to list their shares in one or more Securities exchanges.
  • registration of Brokers and sub-brokers

SEBI Committees

  • Technical Advisory Committee
  • Committee for review of structure of infrastructure institutions
  • Advisory Committee for the SEBI Investor Protection and Education Fund
  • Takeover Regulations Advisory Committee
  • Primary Market Advisory Committee (PMAC)
  • Secondary Market Advisory Committee (SMAC)
  • Mutual Fund Advisory Committee
  • Corporate Bonds & Secularization Advisory Committee

There are two types of brokers:

  • Discount brokers
  • Merchant brokers

Eliminate malpractices in security market

 

Major Achievements

SEBI has enjoyed success as a regulator by pushing systematic reforms aggressively and successively. SEBI is credited for quick movement towards making the markets electronic and paperless by introducing T+5 rolling cycle from July 2001 and T+3 in April 2002 and further to T+2 in April 2003. The rolling cycle of T+2 means, Settlement is done in 2 days after Trade date. SEBI has been active in setting up the regulations as required under law. SEBI did away with physical certificates that were prone to postal delays, theft and forgery, apart from making the settlement process slow and cumbersome by passing Depositories Act, 1996.

SEBI has also been instrumental in taking quick and effective steps in light of the global meltdown and the Satyam fiasco.[citation needed] In October 2011, it increased the extent and quantity of disclosures to be made by Indian corporate promoters. In light of the global meltdown, it liberalized the takeover code to facilitate investments by removing regulatory structures. In one such move, SEBI has increased the application limit for retail investors to ₹ 200,000, from ₹ 100,000 at present.

 

Controversies of Securities and Exchange Board of India (SEBI)

Supreme Court of India heard a Public Interest Litigation (PIL) filed by India Rejuvenation Initiative that had challenged the procedure for key appointments adopted by Govt of India. The petition alleged that, "The constitution of the search-cum-selection committee for recommending the name of chairman and every whole-time members of SEBI for appointment has been altered, which directly impacted its balance and could compromise the role of the SEBI as a watchdog." On 21 November 2011, the court allowed petitioners to withdraw the petition and file a fresh petition pointing out constitutional issues regarding appointments of regulators and their independence. The Chief Justice of India refused the finance ministry's request to dismiss the PIL and said that the court was well aware of what was going on in SEBI. Hearing a similar petition filed by Bengaluru-based advocate Anil Kumar Agarwal, a two judge Supreme Court bench of Justice SS Nijjar and Justice HL Gokhale issued a notice to the Govt of India, SEBI chief UK Sinha and Omita Paul, Secretary to the President of India.

Further, it came into light that Dr KM Abraham (the then whole time member of SEBI Board) had written to the Prime Minister about malaise in SEBI. He said, "The regulatory institution is under duress and under severe attack from powerful corporate interests operating concertedly to undermine SEBI". He specifically said that Finance Minister's office, and especially his advisor Omita Paul, were trying to influence many cases before SEBI, including those relating to Sahara Group, Reliance, Bank of Rajasthan and MCX.

 

SEBI and Regional Securities Exchanges

SEBI in its circular dated May 30, 2012 gave exit – guidelines for Securities exchanges. This was mainly due to illiquid nature of trade on many of 20+ regional Securities exchanges. It had asked many of these exchanges to either meet the required criteria or take a graceful exit. SEBI's new norms for Securities exchanges mandates that it should have minimum net-worth of Rs. 1 billion and an annual trading of Rs. 10 billion. The Indian Securities market regulator SEBI had given the recognized Securities exchanges two years to comply or exit the business.

Process of de-recognition and exit

Following is an excerpts from the circular:

1. Exchanges may seek exit through voluntary surrender of recognition.

2. Securities where the annual trading turnover on its own platform is less than Rs 10 billion can apply to SEBI for voluntary surrender of recognition and exit, at any time before the expiry of two years from the date of issuance of this Circular.

3. If the Securities exchange is not able to achieve the prescribed turnover of Rs 10 billion on continuous basis or does not apply for voluntary surrender of recognition and exit before the expiry of two years from the date of this Circular, SEBI shall proceed with compulsory de-recognition and exit of such Securities exchanges, in terms of the conditions as may be specified by SEBI.

4. Securities Exchanges which are already de-recognized as on date, shall make an application for exit within two months from the date of this circular. Upon failure to do so, the de-recognized exchange shall be subject to compulsory exit process.

 

SEBI Departments

  • SEBI regulates Indian financial market through its 20 departments.
  • Commodity Derivatives Market Regulation Department (CDMRD)
  • Corporation Finance Department (CFD)
  • Department of Economic and Policy Analysis (DEPA)
  • Department of Debt and Hybrid Securities (DDHS)
  • Enforcement Department – 1 (EFD1)
  • Enforcement Department – 2 (EFD2)
  • Enquiries and Adjudication Department (EAD)
  • General Services Department (GSD)
  • Human Resources Department (HRDM)
  • Information Technology Department (ITD)
  • Integrated Surveillance Department (ISD)
  • Investigations Department (IVD)
  • Investment Management Department (IMD)
  • Legal Affairs Department (LAD)
  • Market Intermediaries Regulation and Supervision Department (MIRSD)
  • Market Regulation Department (MRD)
  • Office of International Affairs (OIA)
  • Office of Investor Assistance and Education (OIAE)
  • Office of the chairman (OCH)
  • Regional offices (ROs)

Stock Market Crashes in India (BSE and NSE)

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Since the founding of the Bombay stock exchange, stock markets in India, Stock market crashes in India, particularly in Mumbai (BSE and NSE) have seen a number of booms as well as crashes.

This page lists these crashes and sharp falls in the two primary Indian stock markets, namely the BSE and NSE. Financial Times terms a double-digit percentage fall in the stock markets over five minutes as a crash, while Jayadev et al. describe a stock market crash in India as a "fall in the NIFTY of more than 10% within a span of 20 days" or "difference of more than 10% between the high on a day and the low on the next trading day" or "decline in the NIFTY of more than 9% within a span of 5 days".[4] As per the latter definition, the Nifty experienced 15 crashes during the period 2000 to 2008 with a number of them having occurred in the months of January, May and June 2008.

Stock market crashes in India

 

Stock Market Crashes in India 1865

As per the Business Standard, India experienced its first stock market crash in 1865. Although the Bombay stock exchange had not yet been formed, Gujrati and Parsi traders often traded shares mutually at the junction of Rampart row and Meadows street. In the preceding years, speculation about the results of the American civil war had led to irrational increases of stocks of new Indian companies. Shares of the Back bay reclamation (face value Rs. 5,000) touched Rs. 50,000 and those of Bank of Bombay (face value Rs.500) touched Rs. 2,850. Money made from cotton was pumped into the stock market driving prices of stocks higher. Banks loaned money to speculators further fuelling the bull run and wealthy merchants like Premchand Roychand dispensed advice that led to ordinary people placing their bets on shares.

On 16 November 1864, the governor warned civil servants not to participate in the current frenzy. New companies were floated with new share issues publicized in the newspapers. Forward contracts further promoted speculative purchases. However, the market crashed in May 1865 when the civil war ended, causing cotton prices to fall. Shares of the Backbay reclamation fell by 96% to under Rs. 2,000 and a number of merchants including Behramji Hormuzjee Cama went bankrupt. The crash not only led to a dwindling of the financial fortunes of many, it also led to a decrease of the city's population by 21% due to the closing down of many enterprises. On 1 July 1865, when hundreds of "time bargains" had matured (as the future contracts were then known), buyers and sellers alike defaulted leading to the burst of the bubble. A share of Bank of Bombay which had touched Rs 2,850 at the peak of the market slumped to just Rs 87 in the aftermath of the bust.

 

Stock Market Crashes in India in 1991

After economic liberalisation in India in 1991, the stock market saw a number of cycles of booms and busts, some related to scams such as those engineered by players such as Harshad Mehta and Ketan Parekh, some due to global events and a few due to circular trading, rigging of prices and the irrational exuberance of investors leading to bubbles that finally burst.

 

Crash of 1992

On 28 April 1992, the BSE experienced a fall of 12.77% - its largest fall in history (in terms of percentage) due to the Harshad Mehta scam.

 

Crash of 2006

On 18 May 2006, the BSE Sensex fell by 826 points to 11,391.

 

Crashes of 2007

During the financial crisis of 2007–2008, the stock markets in India fell on several occasions in 2007 as well as 2008. In 2007, there were five sharp falls in the stock markets.

2 April 2007

The sensex fell by 617 points to 12,455 though during the course of the day, it fell further. As per the analysts at rediff, "The Sensex opened with a huge negative gap of 260 points at 12,812 following the Reserve Bank of India decision to hike the cash reserve ratio and repo rate. Unabated selling, mainly in auto and banking stocks, saw the index drift to lower levels as the day progressed. The index tumbled to a low of 12,426 before finally settling with a hefty loss of 617 points (4.7%) at 12,455".
1 August 2007: The sensex continued to fall and finally settled at 14,936 while the nifty fell by 183 points to 4,346. As per Rediff, "The Sensex opened with a negative gap of 207 points at 15,344 amid weak trends in the global market and slipped deeper into the red. Unabated selling across-the-board saw the index tumble to a low of 14,911. The Sensex finally ended with a hefty loss of 615 points at 14,936. The NSE Nifty ended at 4,346, down 183 points. This was the third biggest loss in absolute terms for the index (thus far)".

16 August 2007

The sensex continue to languish a good 500 points down for most of the trading session, finally closing at a low of 14,358, a loss of 643 points.

18 October 2007

While activity remained normal in the morning, during noon trades, the sensex tumbled down as the intensity of selling increased towards the closing bell of the BSE. The sensex tumbled all the way to a low of 17,771 - down 1,428 points from the same day's high. It finally settled on 17,998 with a loss of 717 points (3.8%). The Nifty too lost 208 points and closed at 5,351.

21 November 2007

Trying to explain the fall, rediff recounted that "Mirroring weakness in other Asian markets, the Sensex saw relentless selling." The index tumbled to a new low of 18,515 - down 766 points from the previous day's close. It finally ended with a loss of 678 points at 18,603. The Nifty also lost 220 points to close at 5,561.

17 December 2007

As per rediff, "Again, a heavy bout of selling in the late noon deals saw the BSE Sensex plunge to a low of 19,177 - down 856 points from the day's open. The Sensex finally closed at 19,261 - a fall 0f 769 points (3.8%). The NSE Nifty 50 ended at 5,777, down 271 points".

 

Stock Market Crashes in India in 2008

on 21 Jan 2008, the BSE fell by 1408 points to 17,605 leading to one of the largest erosion's in investor wealth. The BSE stopped trading for a while at 2:30 pm due to a technical snag although its circuit filter allows swings of up to 15% before stopping trading for an hour. Referred to in the media as "Black Monday", the fall was blamed by analysts at HSBC mutual fund and JP Morgan on a large variety of reasons including change in the global investment climate, fears of United States' economy going into a recession, FIIs and foreign hedge funds selling in order to reallocate their funds from risky emerging markets to stable developed markets, a cut in US interest rates, global bourses (often referred to as event related volatility), volatility in commodities markets, a combination of global and local factors ("...other emerging markets were down nearly 20% so India is playing catch-up..."), huge build-ups in derivatives positions leading to margin calls and that many IPOs had sucked out liquidity from the primary market into the secondary market. HSBC mutual funds analysts predicted further falls in the stock market, and the analysts at JP Morgan were of the opinion that market would fall a further 10-15%.

On the next day on 22 January 2008, the Sensex again fell by 875 points to 16,729.Jan 22, 2008: The Sensex saw its biggest intra-day fall on Tuesday when it hit a low of 15,332, down 2,273 points. However, it recovered losses and closed at a loss of 875 points at 16,730. The Nifty closed at 4,899 at a loss of 310 points. Trading was suspended for one hour at the Bombay Stock Exchange after the benchmark Sensex crashed to a low of 15,576.30 within minutes of opening, crossing the circuit limit of 10 per cent.

On 11 Feb 2008, the Sensex fell by a further 834 points to 16,630.

On 3 March 2008, the Sensex fell by 900 points to settle at 16,677.

On 17 March 2008, the BSE Sensex fell further to 14,809 - a fall of 951 points.

On 24 October 2008, the BSE Sensex fell to 8701, a fall of 1070 points in a single day.

On 26 November 2008, the Sensex continue to fall, in the bargain (as per the financial newspaper Livemint) "...dashing middle class dreams".

Analysts at Livemint and Ajmera associates, Anagram capital and Ace financial services ascribed a number of reasons for this, ranging from large sales by foreign institutional investors (FII), withdrawal of money by the insurance sector. They all felt that the Sensex could rise by at the most 20-30% in 2009, from its them level of 9000 points.

 

Stock Market Crashes in India in 2009

On 6 July 2009, the Sensex fell by 869 points to 14,043.

 

Stock Market Crashes in India in 2015

On 6 Jan 2015, the Sensex fell by 854 points to 26,987.

On 24 August 2015, the BSE Sensex crashed by 1,624 points and the NSE fell by 490 points. Finally the indices closed at 25,741 points and the Nifty to 7,809 points. The reason given for this crash was given as a ripple effect due to fears over a slowdown in China, as the Yuan had been devalued two weeks ago leading to a fall in the currency rates of other currencies and the rapid selling of stocks in China and India. The Shanghai stock exchange too fell by 8.5%. A variety of other reasons too were given for this fall by analysts including disappointing earnings in the first quarter for many Indian companies, somber commentaries by their management leading to doubts regarding their recovery and a below average monsoon for that year.

 

Crashes of 2016

The stock markets in India continued to fall in 2016. By 16 February 2016, the BSE had seen a fall of 26% over the past eleven months, losing 1607 points in four consecutive days of February. The reasons given for this included NPAs of Indian banks, "global weaknesses" and "global factors". In the four months from November 2015 to February 2016, FIIs were reported to have sold equities worth Rs 17,318 crore as, in the opinion of analysts, concerns grew over growth in China and as crude oil prices tumbled below $30 per barrel.

On 9 November 2016, crashed by 1689 points, believed by analysts to be due to the crack down on black money by the Indian government, resulting in franctic selling. The sensex nosedived by 6% to 26,902 and the Nifty dropped by 541 points to 8002. These were said to be due to the demonetization drive by the Modi government. The Hindu was of the opinion that the weakening rupee and the US presidential election too had some bearing on the behavior of investors. The fall was concurrent with falls in other Asian stock markets including the Hang Seng, Nikkei and the Shanghai Composite. The S&P had also fallen by 4.45%.

 

Stock Market Crashes in India in 2018

Although not classified as a crash, the BSE and NSE fell sharply on 2 and 5 February 2018, sparked by the comments of the Finance minister's proposal in the budget speech to introduce a 10% long term capital gains tax (LTCG) on equity shares sold after 12 months. The BSE Sensex fell by 600 points in two days, and the Nifty 50 fell by about 400 points to 10,676 on 5th. Earlier, the BSE Sensex had fallen by 570 points to 35,328 on 2 February and the NSE Nifty by 190 points to a low of 10,826.

 

Stock Market Crashes in India in 2020

On 1 February 2020, as the FY 2020-21 Union budget was presented in the lower house of the Indian parliament, Nifty fell by over 3% (373.95 points) while Sensex fell by more than 2% (987.96 points). The fall was also weighed by the global breakdown amid coronavirus pandemic centered in China.

On 28 February 2020, Sensex lost 1448 points and Nifty fell by 432 points due to growing global tension caused by coronavirus, which W.H.O said has a pandemic potential. Both BSE and NSE fell for the entire five days of the week ending with the worst weekly fall since 2009.

On March 4 and 6, markets fell by around 1000 points and several crores of wealth was wiped out. On 6 March 2020, Yes Bank was taken over by RBI under its management for reconstruction and will be merged with SBI. This was done to ensure smooth functioning of the bank as it was struggling for couple of years to cope up with heavy pressure due to cleaning of bad loans.

On 9 March 2020, the Sensex fell by 1,941.67 points, while Nifty-50 broke down by 538 points. The fear of COVID-19 outbreak has created havoc all over the globe and India is no exception. Further, the recent Yes Bank crisis also made the markets fell. The markets ended in red with Sensex closing on 35,634.95 and Nifty-50 on 10,451.45.

On 12 March 2020, the Sensex fell by 2919.26 points (-8.18% ), the worst continuation of the week in the history while Nifty-50 broke down by 868.25 points (-8.30% ) amid World Health Organisation (WHO) declaring Coronavirus outbreak as "pandemic". Sensex ended to 33-month low of 32778.14.

On 16 March 2020, Sensex plunged by 2,713.41 points (around 8%), the second worst fall in its history. On the other hand, Nifty ended below 9200–mark at 9,197.40 due to global economic recession.

However, the Sensex continued to fall straight for 4–continuous days till 19 March 2020, losing 5815 points during the period.

On 23 March 2020, Sensex lost 3,934.72 points (13.15%) and Nifty plunges 1,135 points (12.98%) at 7610.25[39] as coronavirus-led lockdowns across the world triggered fears of a recession. These are now the lowest levels since 2016. It's witnessing the biggest weekly loss since October 2008, as the increasing number of coronavirus cases in India as well as globally.

 

 

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Bombay Stock Exchange (BSE): Stock Exchange in India

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The BSE, formerly known as the Bombay Stock Exchange Ltd. (Marathi: मुंबई रोखे बाजार), is an Indian stock exchange located at Dalal Street, Mumbai.

Established in 1875, it is Asia's oldest stock exchange. The BSE is the world's 10th largest stock exchange with an overall market capitalization of more than $2.2 trillion on as of April 2018.

Bombay Stock Exchange (BSE)

 

Key Description:

Type: Stock exchange

Location: Mumbai, India

Founded: 9 July 1875

Key People:

  • Just. Vikramajit Sen
    (Chairman)
  • Ashishkumar Chauhan (MD & CEO)

Currency: Indian rupee (₹)

No. of listings: 5,439

Market cap: ₹151,970.87 billion (US$2.1 trillion) (March 2019)

Indices:

  • BSE SENSEX
  • S&P BSE SmallCap
  • S&P BSE MidCap
  • S&P BSE LargeCap
  • BSE 500

Website: www.bseindia.com

 

Bombay Stock Exchange History

While BSE Ltd is now synonymous with Dalal Street, it was not always so. In 1850s, five stock brokers gathered together under Banyan tree in front of Mumbai Town Hall, where Horniman Circle is now situated. A decade later, the brokers moved their location to another leafy setting, this time under banyan trees at the junction of Meadows Street and what was then called Esplanade Road, now Mahatma Gandhi Road. With a rapid increase in the number of brokers, they had to shift places repeatedly. At last, in 1874, the brokers found a permanent location, the one that they could call their own. The new place was, aptly, called Dalal Street (Brokers' Street). The brokers group became an official organization known as "The Native Share & Stock Brokers Association" in 1875.

On August 31, 1957, the BSE became the first stock exchange to be recognized by the Indian Government under the Securities Contracts Regulation Act. In 1980, the exchange moved to the Phiroze Jeejeebhoy Towers at Dalal Street, Fort area. In 1986, it developed the S&P BSE SENSEX index, giving the BSE a means to measure the overall performance of the exchange. In 2000, the BSE used this index to open its derivatives market, trading S&P BSE SENSEX futures contracts. The development of S&P BSE SENSEX options along with equity derivatives followed in 2001 and 2002, expanding the BSE's trading platform.

Historically an open outcry floor trading exchange, the Bombay Stock Exchange switched to an electronic trading system developed by CMC Ltd. in 1995. It took the exchange only 50 days to make this transition. This automated, screen-based trading platform called BSE On-Line Trading (BOLT) had a capacity of 8 million orders per day. Now BSE has raised capital by issuing shares and as on 3 May 2017 the BSE share which is traded in NSE only closed with Rs.999.

The BSE is also a Partner Exchange of the United Nations Sustainable Stock Exchange initiative, joining in September 2012.

BSE established India INX on 30 December 2016. India INX is the first international exchange of India.

BSE launches commodity derivatives contract in gold, silver.

National Stock Exchange of India: Indian Stock Market

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National Stock Exchange of India Limited (NSE) is the leading stock exchange of India, located in Mumbai, Maharashtra. NSE was established in 1992 as the first dematerialized electronic exchange in the country. NSE was the first exchange in the country to provide a modern, fully automated screen-based electronic trading system which offered easy trading facilities to investors spread across the length and breadth of the country. Vikram Limaye is Managing Director & Chief Executive Officer of NSE.

National Stock Exchange has a total market capitalization of more than US$2.27 trillion, making it the world's 11th-largest stock exchange as of April 2018. NSE's flagship index, the NIFTY 50, a 50 stock index is used extensively by investors in India and around the world as a barometer of the Indian capital market. The NIFTY 50 index was launched in 1996 by NSE. However, Vaidyanathan (2016) estimates that only about 4% of the Indian economy / GDP is actually derived from the stock exchanges in India.

Unlike countries like the United States where nearly 70% of the country's GDP is derived from large companies in the corporate sector, the corporate sector in India accounts for only 12-14% of the national GDP (as of October 2016). Of these only 7,800 companies are listed of which only 4000 trade on the stock exchanges at BSE and NSE. Hence the stocks trading at the BSE and NSE account for only around 4% of the Indian economy, which derives most of its income-related activity from the so-called unorganized sector and household spending.

Economic Times estimates that as of April 2018, 6 crore (60 million) retail investors had invested their savings in stocks in India, either through direct purchases of equities or through mutual funds. Earlier, the Bimal Jalan Committee report estimated that barely 1.3% of India's population invested in the stock market, as compared to 27% in the United States and 10% in China.

National Stock Exchange of India

 

Key Description:

Type: Stock exchange

Location: Mumbai, India

Founded: 1992

Owner: National Stock Exchange of India Limited

Key People:

  • Girish Chandra Chaturvedi (Chairman)
  • Vikram Limaye (MD & CEO)

Currency: Indian rupee (₹)

No. of listings: 1,952

Market Cap: US$2.27 trillion (April 2018)

Volume: ₹28,692 billion (US$400 billion) (June 2014)

Indices: NIFTY 50

NIFTY: Next 50

NIFTY: 500

Website: www.nseindia.com

Social Network: Facebook, Twitter, YouTube, LinkedIn

 

History of National Stock Exchange in India

National Stock Exchange was incorporated in the year 1992 to bring about transparency in the Indian equity markets. Instead of trading memberships being confined to a group of brokers, NSE ensured that anyone who was qualified, experienced and met the minimum financial requirements was allowed to trade. In this context, NSE was ahead of its time when it separated ownership and management of the exchange under SEBI's supervision. Stock price information which could earlier be accessed only by a handful of people could now be seen by a client in a remote location with the same ease. The paper-based settlement was replaced by electronic depository-based accounts and settlement of trades was always done on time. One of the most critical changes involved a robust risk management system that was set in place, to ensure that settlement guarantees would protect investors against broker defaults.

NSE was set up by a group of leading Indian financial institutions at the behest of the Government of India to bring transparency to the Indian capital market. Based on the recommendations laid out by the Pherwani committee, NSE was established with a diversified shareholding comprising domestic and global investors. The key domestic investors include Life Insurance Corporation, State Bank of India, IFCI Limited , IDFC Limited and Stock Holding Corporation of India Limited. Key global investors include Gagil FDI Limited, GS Strategic Investments Limited, SAIF II SE Investments Mauritius Limited, Aranda Investments (Mauritius) Pte Limited and PI Opportunities Fund.

The exchange was incorporated in 1992 as a tax-paying company and was recognized as a stock exchange in 1993 under the Securities Contracts (Regulation) Act, 1956, when P. V. Narasimha Rao was the Prime Minister of India and Manmohan Singh was the Finance Minister. NSE commenced operations in the Wholesale Debt Market (WDM) segment in June 1994. The capital market (equities) segment of the NSE commenced operations in November 1994, while operations in the derivatives segment commenced in June 2000. NSE offers trading, clearing and settlement services in equity, equity derivative, debt, commodity derivatives, and currency derivatives segments. It was the first exchange in India to introduce an electronic trading facility thus connecting the investor base of the entire country. NSE has 2500 VSATs and 3000 leased lines spread over more than 2000 cities across India.

NSE was also instrumental in creating the National Securities Depository Limited (NSDL) which allows investors to securely hold and transfer their shares and bonds electronically. It also allows investors to hold and trade in as few as one share or bond. This not only made holding financial instruments convenient but more importantly, eliminated the need for paper certificates and greatly reduced incidents involving forged or fake certificates and fraudulent transactions that had plagued the Indian stock market. The NSDL's security, combined with the transparency, lower transaction prices and efficiency that NSE offered, greatly increased the attractiveness of the Indian stock market to domestic and international investors.

 

NSE Emerge of National Stock Exchange in India

NSE EMERGE is NSE's new initiative for Small and medium-sized enterprises (SME) & Startup companies in India. These companies can get listed on NSE without an Initial public offering (IPO). This platform will help SME's & Startups connect with investors and help them with the raising of funds. In August 2019, the 200th company listed on NSE's SME platform.

Markets of National Stock Exchange in India

NSE offers trading and investment in the following segments

Equity

  • Equity
  • Indices
  • Mutual fund
  • Exchange-traded funds
  • Initial public offerings
  • Security Lending and Borrowing etc.

Derivatives

  • Equity Derivatives (including Global Indices like S&P 500, Dow Jones and FTSE)
  • Currency derivatives
  • Commodity Derivatives
  • Interest rate futures

Debt

The National Stock Exchange of India Limited (NSE) commenced trading in derivatives with the launch of index futures on 12 June 2000. The futures and options segment of NSE has made a global mark. In the Futures and Options segment, trading in NIFTY 50 Index, NIFTY IT index, NIFTY Bank Index, NIFTY Next 50 index and single stock futures are available. Trading in Mini Nifty Futures & Options and Long term Options on NIFTY 50 are also available. The average daily turnover in the F&O Segment of the Exchange during the financial year April 2013 to March 2014 stood at ₹1.52236 trillion (US$21 billion).

On 29 August 2011, National Stock Exchange launched derivative contracts on the world's most-followed equity indices, the S&P 500 and the Dow Jones Industrial Average. NSE is the first Indian exchange to launch global indices. This is also the first time in the world that futures contracts on the S&P 500 index were introduced and listed on an exchange outside of their home country, USA. The new contracts include futures on both the DJIA and the S&P 500 and options on the S&P 500.

On 3 May 2012, the National Stock exchange launched derivative contracts (futures and options) on FTSE 100, the widely tracked index of the UK equity stock market. This was the first of its kind of an index of the UK equity stock market launched in India. FTSE 100 includes 100 largest UK listed blue chip companies and has given returns of 17.8 per cent on investment over three years. The index constitutes 85.6 per cent of UK's equity market cap.

On 10 January 2013, the National Stock Exchange signed a letter of intent with the Japan Exchange Group, Inc. (JPX) on preparing for the launch of NIFTY 50 Index futures, a representative stock price index of India, on the Osaka Securities Exchange Co., Ltd. (OSE), a subsidiary of JPX.

Moving forward, both parties will make preparations for the listing of yen-denominated NIFTY 50 Index futures by March 2014, the integration date of the derivatives markets of OSE and Tokyo Stock Exchange, Inc. (TSE), a subsidiary of JPX. This is the first time that retail and institutional investors in Japan will be able to take a view on the Indian markets, in addition to current ETFs, in their own currency and in their own time zone. Investors will therefore not face any currency risk, because they will not have to invest in dollar denominated or rupee denominated contracts.

In August 2008, currency derivatives were introduced in India with the launch of Currency Futures in USD–INR by NSE. It also added currency futures in Euros, Pounds, and Yen. The average daily turnover in the F&O Segment of the Exchange on 20 June 2013 stood at ₹419.2616 billion (US$5.9 billion) in futures and ₹273.977 billion (US$3.8 billion) in options, respectively.

Interest Rate Futures

In December 2013, exchanges in India received approval from market regulator SEBI for launching interest rate futures (IRFs) on a single GOI bond or a basket of bonds that will be cash settled. Market participants have been in favour of the product being cash settled and being available on a single bond. NSE will launch the NSE Bond Futures on 21 January on highly liquid 7.16 percent and 8.83 percent 10-year GOI bonds. Interest Rate Futures were introduced for the first time in India by NSE on 31 August 2009, exactly one year after the launch of Currency Futures. NSE became the first stock exchange to get an approval for interest-rate futures, as recommended by the SEBI-RBI committee.

Debt Market

On 13 May 2013, NSE launched India's first dedicated debt platform to provide a liquid and transparent trading platform for debt related products.

The Debt segment provides an opportunity for retail investors to invest in corporate bonds on a liquid and transparent exchange platform. It also helps institutions who are holders of corporate bonds. It is an ideal platform to buy and sell at optimum prices and help Corporates to get adequate demand when they are issuing the bonds.

Trading schedule

Trading on the equities segment takes place on all days of the week (except Saturdays and Sundays and holidays declared by the Exchange in advance). The market timings of the equities segment are:

(1) Pre-open session:

  • Order entry & modification Open: 09:00 hrs
  • Order entry & modification Close: 09:08 hrs*

*with random closure in last one minute. Pre-open order matching starts immediately after the close of pre-open order entry.

(2) Regular trading session

  • Normal/Retail Debt/Limited Physical Market Open: 09.15 hrs
  • Normal/Retail Debt/Limited Physical Market Close: 15:30 hrs.
  • After market hours: 16:00 - 09:00 hrs

 

Exchange Traded Funds and Derivatives on National Stock Exchange

The following products are trading on NIFTY 50 Index in the Indian and international Market:

  • 7 Asset Management Companies have launched exchange-traded funds on NIFTY 50 Index which are listed on NSE
  • 15 index funds have been launched on NIFTY 50 Index
  • Unit linked products have been launched on NIFTY 50 Index by several insurance companies in India
  • World Indices

Derivatives Trading on NIFTY 50 Index:

  • Futures and Options trading on NIFTY 50 Index
  • Trading in NIFTY 50 Index Futures on Singapore Stock Exchange(SGX)
  • Trading in NIFTY 50 Index Futures on Chicago Mercantile Exchange(CME)

 

Technology of National Stock Exchange in India

NSE's trading systems is a state-of-the-art application. It has an uptime record of 99.99% and processes more than a billion messages every day with the sub-millisecond response time.

NSE has taken huge strides in technology in these 20 years. In 1994, when trading started, NSE technology was handling 2 orders a second. This increased to 60 orders a second in 2001. Today NSE can handle 1,60,000 orders/messages per second, with infinite ability to scale up at short notice on demand, NSE has continuously worked towards ensuring that the settlement cycle comes down. Settlements have always been handled smoothly. The settlement cycle has been reduced from T+3 to T+2/T+1.

 

Financial Literacy

NSE has collaborated with several universities like Gokhale Institute of Politics & Economics (GIPE), Pune, Bharati Vidyapeeth Deemed University (BVDU), Pune, Guru Gobind Singh Indraprastha University, Delhi, the Ravenshaw University of Cuttack and Punjabi University, Patiala, among others to offer MBA and BBA courses. NSE has also provided mock market simulation software called NSE Learn to Trade (NLT) to develop investment, trading and portfolio management skills among the students. The simulation software is very similar to the software currently being used by the market professionals and helps students to learn how to trade in the markets.

NSE also conducts online examination and awards certification, under its Certification in Financial Markets (NCFM) programmes. At present, certifications are available in 46 modules, covering different sectors of financial and capital markets, both at the beginner and advanced levels. The list of various modules can be found at the official site of NSE India. In addition, since August 2009, it offered a short-term course called NSE Certified Capital Market Professional (NCCMP). The NCCMP or NSE Certified Capital Market Professional is a 100-hour program for over 3–4 months, conducted at the colleges, and covers theoretical and practical training in subjects related to the capital markets. NCCMP covers subjects like equity markets, debt markets, derivatives, macroeconomics, technical analysis, and fundamental analysis. Successful candidates are awarded joint certification from NSE and the concerned.

 

NSE co-location case

On 8 July 2015, Sucheta Dalal wrote an article on Moneylife alleging that some NSE employees were leaking sensitive data related to high-frequency trading or co-location servers to a select set of market participants so that they could trade faster than their competitors. NSE alleged defamation in the article by Moneycontrol. On 22 July 2015, NSE filed a ₹1 billion (US$14 million) suit against Moneycontrol. However, on 9 September 2015, the Bombay High Court dismissed the case and fined NSE ₹5 million (US$70,000) in this defamation case against Moneycontrol (www.moneylife.in). The High Court asked NSE to pay ₹150,000 (US$2,100) to each journalist Debashis Basu and Sucheta Dalal and the remaining ₹4.7 million (US$66,000) to two hospitals.

The Bombay High Court has stayed the order on costs for a period of two weeks, pending the hearing of the appeal filed by NSE.

In May 2019 SEBI has debarred NSE from accessing the markets for a period of 6 months. While NSE confirmed this will not impact their functioning, they won't be able to list their IPO or introduce any new trading products for that period. Additionally, the watchdog also ordered NSE to disgorge Rs 624.9 crores (along with accrued interest for the period), an amount equivalent to the profits it made from the unfair trade practice of co-location servers they provided during the period from 2010–11 to 2013–14.

The board also passed orders against 16 individuals including former managing directors and CEOs Ravi Narain and Chitra Ramakrishna ordering them to disgorge 25% of their salaries during that period along with interest. All money is to be paid into the Investor protection and education fund. These individuals have also been debarred from the markets or holding any position in a listed company for a period of five years.

Angel Broking Stock Trading App: Product, History, Awards

Posted by On Filed under Trade

Angel Broking is an Indian stockbroker firm established in 1987. The company is a member of the Bombay Stock Exchange (BSE), National Stock Exchange of India (NSE), National Commodity & Derivatives Exchange Limited (NCDEX) and Multi Commodity Exchange of India Limited (MCX). It is a depository participant with Central Depository Services Limited (CDSL). The company has 8500+ sub-brokers and franchisee outlets in more than 900 cities across India.

The company financial services Their services include online stock broking, depository services, commodity trading and investment advisory services. Wealth management solutions such as personal loans and insurance are also delivered by this company. In 2006, the company started its Portfolio Management Services (PMS), IPOs business and Mutual Funds Distribution (MFD) arm. The company publishes research reports on areas related to investment broking.

Angel Broking

 

Key Description:

Type: Public company

Industry: Financial services

Founded: 1765 Edit this on Wikidata

Headquarters: Mumbai, India

Key People: Dinesh Thakkar(Chairman & Managing Director)

Services:

  • Stockbroker
  • Equity trading
  • Commodities
  • Portfolio Management Services
  • Mutual funds
  • Life insurance
  • Health insurance
  • IPO
  • Depository Services
  • Investment Advisory

Subsidiaries:

  • Angel Commodities Broking Pvt. Ltd.
  • Angel Fincap Pvt. Ltd.
  • Angel Financial Advisors Pvt. Ltd.
  • Angel Securities Ltd.

Website: www.angelbroking.com

Social Network: Facebook, Twitter, Instagram

 

Products of Angel Broking

Angel Broking offers products such as Angel Eye, Angel BEE mutual fund app, Angel SpeedPro, Angel Trade and Angel Swift for online trading. Angel Eye is a browser trading application; SpeedPro is a trading platform application; Angel Trade offers an online trading platform for share investors, while Swift consists of a trading app for small devices.

Angel broking app has been incorporated with a machine learning technology called ARQ, that keys in up to a billion data points and uses advanced nature-based algorithms, quantitative analysis and the Nobel-prize winning Modern Portfolio Theory to enable personalized investment advice to help users get better returns on their investments. ARQ is based on a model whose performance has been optimized to provide recommendations with high out-performance and strike rates. The model has been tested using scientific back-testing and has also been validated based on its track record.

 

Angel Broking History

Entrepreneur Dinesh Thakkar started his business in 1987 with a capital of Five Lakhs Indian Rupees and lost half of the money within eight months. In 1989, he started off again as a sub-broker. Later, Angel Broking was incorporated as a wealth management, retail and corporate broking firm in December, 1997. In November 1998, Angel Capital and Debt Market Ltd. gained membership of National Stock Exchange as a legal entity. The company opened its commodity broking Division in April, 2004. In November 2007, Birla Sun Life Insurance joined hands with Angel Broking for distribution of its insurance products. In 2007 the World Bank arm International Finance Corporation bought 18% stake in Angel Broking. In January 2013, a probe found the company and two other entities involved in fraudulent and unfair trade practices in transactions of shares of Sun Infoways during Feb-May 2001. As a result, SEBI restrained from taking new clients for a period of two weeks. Angel filed an appeal against the SEBI order which was dismissed by the Securities appellate tribunal. Recently Angel Broking has filed for an IPO with SEBI for an amount of Rs 600 crore. This offer includes issuance of new shares worth Rs 300 crore and stake sale by promoters and IFC selling Rs 120 crore worth of stake.

 

Awards of Angel Broking

  • 2009 - 'Broking House with Largest Distribution Network' Award and 'Best Retail Broking House' Award at BSE IPF-D&B Equity Broking Awards
  • 2012 - BSE IPF-D&B Equity Broking Award for ‘Best Retail Broking House’
  • 2012-13 - Among BSE Top 10 Performers in Equity Segment (Retail Trading) FY 2012-13
  • 2013 - BSE-IPF D&B Equity Broking Award for ‘Broking House with Largest Distribution Network’
  • 2013 - BSE-IPF D&B Equity Broking Award for 'Best Retail Equity Broking House'
  • 2013-14 - Awarded ‘Top Three Clients Traded Members in Equity’ by the BSE
  • 2014 - BSE-IPF D&B Equity Broking Award for ‘Broking House with Largest Distribution Network’
  • 2014 - Global Marketing Excellence Award for 'Best Mobile trading application'
  • 2017 - MCX Commodity broker of the year award

 

Recommended Post: Zerodha, Upstox, Sharekhan Stock Trading Mobile App.

Indian Stock Trading App: Best Stock Trading App 2020

Posted by On Filed under Trade

If you are serious about trading, then you need to know that the stock market is changing continuously and this is why you need to keep the update of the market. Check here top 10 best Indian stock trading app 2020.

Indian Stock Trading App

If you are willing to keep the update of the market, then the best thing you can do is to download the best mobile trading app.

But, how you will decide which one is the best mobile trading app? All of the broking houses are providing a mobile trading app for their clients.

Well, in order to mitigate your confusion, here in this article we will discuss the Top 10 mobile trading app and in order to provide a clear idea we will focus on five main features such as

  • Speed
  • Performance
  • Ratings and reviews
  • Features
  • Usability

Mobile trading apps or application is one of the most important things in the stockbroking industry. With the help of this mobile trading app, traders or investors don’t need to wait for the newspaper or the television update.

They can check the status with the help of this mobile trading app from anywhere at any time. There is no doubt that the mobile trading app can make trading easy and simple.

Most of the stockbroking houses have now launched the mobile trading app which is available in the play store and you need to download this in order to get the features of this mobile trading app.

 

List of Top 10 Indian Stock Trading App

Here is the list of Top 10 Trading Apps in India

Rank Trading App
1 Angel Broking App
2 Motilal Oswal MO Investor App
3 Zerodha Kite App
4 Sharekhan App
5 Kotak Stock Trader App
6 IIFL Markets App
7 ICICI Direct App
8 Upstox Pro App
9 Indiabulls Shubh App
10 HDFC Securities App

This ranking is entirely based on 5 parameters that we are going to discuss below & see which App is better in which parameter.

 

Indian Stock Trading App with Superfast Speed

When you are choosing the best mobile trading app, then you need to make sure that you will choose a mobile trading app that will provide you the fast service.

If you don’t get the speed properly, then you will not get all the news at the proper time and this is why you need to make sure that you will choose an app that will provide you a high-speed performance so that you can get all the updates at right time.

Angel Broking App & Zerodha Kite App are leading in speed criteria and this will help their customers to get a better opportunity in the stock market.

Another 2 Apps which are very decent in terms of Speed are Sharekhan App & ICICI Direct App.

 

Indian Stock Trading App with Great Performance

When it comes to the best performance, the Angel Broking App gets the topmost position. The broking house is providing trust with years of experience in the field of the stock market.

The Angel Broking mobile app will provide better user experience in terms of navigation and a lesser number of click and overall usability.

Apart from this, the app will also offer a wide range of features and it will give the facility to analyze the performance of the users. This is why the Angel Broking App is the best trading app based on performance.

Few more apps which provide decent Performance are Sharekhan App, Motilal Oswal MO Investor App & Zerodha Kite App.

 

Indian Stock Trading App with Superb Ratings & Review

Among the best mobile trading apps, the Motilal Oswal MO Investor App gets the first position in user reviews and ratings.

The main reason for the popularity of this mobile trading app is that MO Investor App is providing high-class technology and unique trading tools.

With the help of unique trading tools, users and traders can get opportunities in the stock market. This trading app is one of the best because it can satisfy both casual and active investors.

Apart from this app, Sharekhan App, Kotak Stock Trader App & IIFL Markets App are also providing the best service and this is why this trading app also gets good review and ratings.

 

Indian Stock Trading App with World Class Features

It is mentioned that almost every broking house has launched its mobile trading app in order to provide the best service for their clients. Every broking house is providing unique features in order to make your trading interesting.

Zerodha Kite App is available for android, ios and windows, and java operating system. The official customers and non-customers can use the free version of this app.

This trading app will give you the opportunity to check the market status and price every time and you can minimize the chances to miss any kind of opportunity.

People will download the app which will provide the best trading features. The Zerodha Kite App is giving you a better feature than the other mobile trading app.

By using this app, you can track your portfolio and you can access the changes in real-time. Along with this, with the help of this app, you can also get a margin checking feature and fund transfer features.

Along with this, Angel Broking App, Sharekhan App & Motilal Oswal MO Investor App are known for their high end features which caters to all kinds of clients.

 

Indian Stock Trading App India with Easy & Seamless Usability

In this parameter, the Angel Broking App is a platform that can be used to get better trading experience and sensibilities.

They are introducing groundbreaking features with excellent usability and with the help of this, investing in the stock market has become simple and easy.

You cannot deny the fact that the features will help to maximize the outcome of yours. With the help of carefully designed UI, you can buy, sell and manage your portfolio and the most important part is that you can do this with just a click.

You can manage all of these things from anywhere at any time. Apart from this, you can also keep track of the stocks. Additionally, you can get to see about the quotes, order alerts and more and this is why most people prefer kite app more than the other mobile app for trading stocks.

With the help of this mobile trading app, Angel Broking App you can able to trade in equity, currency derivatives, and commodity.

Apart from this app, there are others aswell who are extremely competitive in this criteria of Usability, some of them are Zerodha Kite App, IIFL Markets App & Upstox Pro App. All these app has extremely easy to access features & brilliant UI & UX.

 

Recommended Post: Zerodha The Indian Trading App

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Best Stock Trading App 2020: Top Stock Trading Software

Posted by On Filed under Trade

We have prepared a list of some best stock trading apps in 2020. Some investors are happy putting their money into a boring fund and letting it simmer for the long term. Others are more interested in taking a hands-on approach to managing their money with active stock trading. Whether you buy and sell once in a while or want to enter a trade or more every day, there’s definitely a stock trading app for you.

The best stock app for your unique needs depends on your experience and trading goals. After reviewing fees, tradable assets, and more across several brokerages, we rounded up the best stock trading apps for both beginner and advanced investors to consider.

Best Stock Trading Apps 2020

 

Best Stock Trading Apps of 2020

TD Ameritrade: Best Overall

Fidelity: Best for Beginners

Webull: Best Free App

SoFi: Best for Learning About Trading

tastyworks: Best for Options Trading

Ally: Best With Banking Products

 

TD Ameritrade Mobile: Best Stock Trading Apps

TD Ameritrade gets the top spot because it offers something for everyone and excellent pricing. The basic TD Ameritrade Mobile app is great for beginners and casual stock traders who want to manage their investments on the go. Advanced and expert traders can use the upgraded thinkorswim mobile app for a professional-style experience.

You get access to both apps with a TD Ameritrade brokerage account, which has no minimum balance requirements and no fees to trade stocks and ETFs. The fully-featured apps combine important account management features and trading features regardless of which one you choose. thinkorswim also includes a live CNBC feed inside the app.

In November 2019, Charles Schwab announced that it is acquiring TD Ameritrade. The acquisition is expected to close by the end of 2020. Once closed, it’s likely that TD Ameritrade trading platforms and Charles Schwab trading platforms will be combined into one.

 

Key Features

App names: TD Ameritrade Mobile and thinkorswim

Account minimum: No minimum deposit required

Fees: $0 commission for online stock, ETF, and options trades, but there is a 65 cent flat fee per options contract; $25 for broker-assisted trades; $49.99 for no-load mutual funds; additional fees may apply

Tradable assets: Wide range, including stocks, options, ETFs, mutual funds, bonds, and more

Account types: Supports standard, retirement, education, and other types of accounts

What We Like

  • Low-cost accounts
  • Beginner and advanced mobile apps
  • Support for a wide range of assets and account types
  • Extensive research resources

What We Don't Like

  • Uncertainty of future after Schwab acquisition
  • Fidelity: Best for Beginners

 

Fidelity: Best for Beginners - Best Stock Trading Apps

Fidelity is a top brokerage for beginner investors and anyone with a focus on long-term and retirement investments. It’s full-service, with a wide range of account and investment types supported. With $0 stock and ETF trades, you get a lot of services at a low cost.

Fidelity Investments is the app for Android, iOS, and Amazon devices. It includes anything you need to manage your Fidelity investment accounts and enter trades. It doesn’t have as many advanced charting features as some competing mobile apps, but that’s just fine for beginners who may not want or need advanced features.

Key Features

App name: Fidelity Investments

Account minimum: No minimum deposit required

Fees: $0 commission fees on stock, ETF, and options trades, but there is a 65 cent flat fee per options contract; $32.95 for broker-assisted trades; $49.95 for transaction-fee bearing mutual funds; no recurring fees for most accounts; additional fees may apply

Tradable assets: Stocks, ETFs, mutual funds, fractional share investing, and more

Account types: Supports brokerage, retirement, education accounts, and more

Other important details: Intuitive screens to enter trades and track performance, and social media style feed of custom-tailored account and investment information

What We Like

  • Investment and trading features meet the needs of most traders
  • Support for a wide range of account types
  • Extensive research and education resources

What We Don't Like

  • Few advanced charting options

 

Webull: Best Free App - Best Stock Trading Apps

Webull is a technology-centric trading app that’s best for stock traders with at least some experience. Webull isn’t heavy on educational resources, but it’s filled with tons of useful features. Active and expert traders will enjoy advanced charting and optional add ons for advanced quote data.

With all of these advanced features, you may expect an advanced price tag. However, Webull is almost completely free to use. There are no commissions for any trades on the app, including stocks and ETFs. However, that’s all there is to trade in the app. Cryptocurrencies are new to the platform, but you won’t find bonds, mutual funds, or other assets. While Webull is a newer app than most others on this list, it doesn’t lack in features for active stock traders.

Key Features

App name: Webull: Stocks, Options & ETFs

Account minimum: No minimum deposit required

Fees: $0 commission or contract fees for online stock, ETF, or options trades; $8 to $45 for wire transfers; additional fees may apply

Tradable assets: Stocks, ETFs, options, and cryptocurrencies

Account types: Supports brokerage and IRA accounts

Other important details: Generous free stock promotions for new users and for customers who refer others, advanced charting features, and global markets and news

What We Like

  • No commissions platform-wide
  • Community area for interacting with other users
  • Paper trading available (virtual currency trading)

What We Don't Like

  • Limited assets available
  • Limited customer service options

SoFi: Best for Learning About Trading

SoFi, short for Social Finance, offers loans, banking, and investments through a convenient mobile app. It’s ideal for investors looking to learn about stock trading. This brokerage offers commission-free trades and fractional shares (it calls them “Stock Bits”) in an account with a low $1 minimum balance requirement.

Learning section articles are a part of the SoFi Invest tab in the app. You can also browse collections of stocks and funds to help you decide what to buy. The individual pages for each stock don’t include too many details, but that makes it easier for beginners to manage their accounts without getting overwhelmed.

Key Features

App name: SoFi Invest Money & Buy Crypto

Account minimum: $1 minimum deposit required

Fees: No fees for online stock or ETF trades; 1.25% markup on crypto transactions; expense ratios vary on SoFi-branded ETFs; additional fees may apply

Tradable assets: Stocks, ETFs, and cryptocurrencies, fractional shares

Account types: Supports self-directed and managed portfolios, plus retirement and cryptocurrency accounts

Other important details: SoFi also offers loan products and cash management accounts; clean, uncluttered, and easy-to-use app; and integrated learning resources great for beginner investors

What We Like

  • Low fees
  • Easily trade full or fractional shares
  • Member events

What We Don't Like

  • Limited tradable assets
  • Few types of accounts

 

tastyworks: Best for Options Trading

tastyworks isn’t a household name like some of the biggest brokerage firms, but that doesn’t mean it isn’t the best at what it does. Its app is ultra focused on options trading. While those are not exactly shares of stock, many options trade based on stock price movements, so tastyworks earns a mention on this list.

Stock and ETF trades are fee-free. Options on stocks and ETFs cost $1 per contract with a $10 maximum per leg. The mobile app is best for traders with some options experience, as there are many features that can distract and overwhelm newer traders. tastyworks has essential features for options traders that make trades fast without giving up many desktop trading features.

Key Features

App name: tastyworks

Account minimum: No minimum deposit required

Fees: No fees for stock or ETF trades; $1 per option on stocks or ETFs, with $10 maximum; $2.50 per option on futures; $1.25 per futures contract; $0.85 per futures e-micros contract; additional fees may apply

Tradable assets: Options for stocks, ETFs, and futures

Account types: Individual and joint margin or cash accounts, and retirement, corporate, trust, and international accounts

What We Like

  • Capped fees for options trades
  • Advanced options trading features
  • Follow community members for trade ideas
  • Many account types supported

What We Don't Like

  • Not the cheapest per-contract fee
  • Limited education resources compared to major brokers

 

Ally: Best With Banking Products

Ally is best stock trading app its features high-quality checking, savings, and investment accounts all in one mobile app. While you can definitely get bank accounts from some other brokers on this list, Ally Bank is one of the very best for online checking and savings regardless of investment needs. Once you factor in the low-cost, easy-to-use brokerage accounts, you get a winning bank/investment combo.

Ally charges no commissions for stock or ETF trades. Charts and data are fairly basic, but offer anything a beginner investor may want. It’s not the best for advanced features, but it covers most common needs with excellent pricing.

Key Features

App name: Ally

Account minimum: No minimum deposit required

Fees: $0 commission fees for online stock, ETF, or options trades, but there is a 50 cent flat fee per options contract; $20, plus regular commission fee, for broker-assisted trades; $9.95 for no-load mutual funds; additional fees may apply

Tradable assets: Stocks, ETFs, options, bonds, mutual funds, and more

Account types: Supports self-directed and managed portfolios

Other important details: Full-service, online-only bank and brokerage with no physical locations

What We Like

  • Pair bank accounts with your investments in one app
  • User-friendly stock trades
  • Simple and easy to use and manage

What We Don't Like

  • Mobile app research somewhat limited
  • Some advanced traders may find trading tools limited

 

Recommended Post: Zerodha The Indian Trading App

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Zerodha vs Upstox: Which is Best, Comparison Analysis

Posted by On Filed under Trade

Zerodha Vs Upstox
Zerodha Vs Upstox Comparison

Zerodha

Zerodha is India's largest and most popular stock broker. It offers online flat fee discount brokerage services to invest and trade in Equity, Currency, Commodity, IPO and Direct Mutual Funds. Zerodha charges ₹0 brokerage for equity delivery trades. For intraday and F&O, it charges flat ₹20 or 0.03% (whichever is lower) per executed order. With Zerodha, the maximum brokerage you pay for any transaction is ₹20 for an order (of any size and in any segment).

 

Upstox

Upstox is a tech-first low cost broking firm in India providing trading opportunities at unbeatable prices. Company provide trading on different segments such as equities, commodities, currency, futures, options which are available on its Upstox Pro Web and Upstox Pro Mobile trading platforms. Upstox is backed by a group of investors including Kalaari Capital, Ratan Tata and GVK Davix. Upstox trading platform offers trading, analysis, charting and many more rich trading features.

 

Zerodha Vs Upstox

Incorporated in 2010, Zerodha is a Discount Broker. It offers trading at NSE, BSE, MCX and NCDEX. It has 22 branches across India. Incorporated in 2012, Upstox is a Discount Broker. It offers trading at BSE, NSE, MCX. It has 4 branches across India.

  Zerodha Upstox
Type of Broker Discount Broker Discount Broker
Supported Exchnages NSE, BSE, MCX and NCDEX BSE, NSE, MCX
Account Type Flat Brokerage Plan Upstox Basic
Year of Incorporation 2010 2012
Number of Branches 22 4

Zerodha Vs Upstox Charges & AMC

Zerodha trading account opening charges is ₹200 while Upstox account opening changes is ₹249. Zerodha Demat Account AMC Charges is ₹300 and Upstox Demat Account AMC Charges is ₹300.

  Zerodha Upstox
Trading Account Opening Charges ₹200 ₹249
Trading Account AMC Charges ₹0 (Free) ₹0 (Free)
Demat Account Opening Charges ₹0 ₹0 (Free)
Demat Account AMC Charges ₹300 ₹300

Zerodha Vs Upstox Brokerage Charges & Plans

Zerodha Vs Upstox Brokerage

Zerodha brokerage charges for equity is ₹0 (Free) and intraday is ₹20 per executed order or .03% whichever is lower whereas Upstox brokerage charges for equity is ₹0 (Free) and intraday is ₹20 per executed order or 0.05% whichever is lower.

  Zerodha Upstox
Account Type Flat Brokerage Plan Upstox Basic
Fixed Charges
Equity Delivery Brokerage ₹0 (Free) ₹0 (Free)
Equity Intraday Brokerage ₹20 per executed order or .03% whichever is lower ₹20 per executed order or 0.05% whichever is lower
Equity Futures Brokerage ₹20 per executed order or .03% whichever is lower ₹20 per executed order or 0.05% whichever is lower
Equity Options Brokerage ₹20 per executed order ₹20 per executed order
Currency Futures Trading Brokerage ₹20 per executed order or .03% whichever is lower ₹20 per executed order or 0.05% whichever is lower
Currency Options Trading Brokerage ₹20 per executed order or .03% whichever is lower ₹20 per executed order
Commodity Futures Trading Brokerage ₹20 per executed order or .03% whichever is lower ₹20 per executed order or 0.05% whichever is lower
Commodity Options Trading Brokerage ₹20 per executed order or .03% whichever is lower ₹20 per executed order

Zerodha Vs Upstox Brokerage Plan 2

  Zerodha Upstox
Account Type Flat Brokerage Plan Upstox Priority (Higher Margin)
Fixed Charges NA
Equity Delivery Brokerage ₹0 (Free) ₹0
Equity Intraday Brokerage ₹20 per executed order or .03% whichever is lower ₹30 per executed order or 0.10% whichever is lower
Equity Futures Brokerage ₹20 per executed order or .03% whichever is lower ₹30 per executed order or 0.10% whichever is lower
Equity Options Brokerage ₹20 per executed order ₹30 per executed order
Currency Futures Trading Brokerage ₹20 per executed order or .03% whichever is lower ₹30 per executed order or 0.10% whichever is lower
Currency Options Trading Brokerage ₹20 per executed order or .03% whichever is lower ₹30 per executed order
Commodity Futures Trading Brokerage ₹20 per executed order or .03% whichever is lower ₹30 per executed order or 0.10% whichever is lower
Commodity Options Trading Brokerage ₹20 per executed order or .03% whichever is lower ₹30 per executed order
Enquire Zerodha Enquire Upstox

Zerodha Charges Vs Upstox

Minimum Brokerage Charges 0.03% in Intraday and F&O 0.05%
Other Brokerage Charges Physical contact notes: ₹20, Trade SMS Alerts: ₹1 per SMS
Call & Trade Charges ₹50 per executed order ₹20 per trade

Zerodha Vs Upstox Transaction Charges

Zerodha transaction charges for options is NSE ₹5000 per Cr (0.05%) (on premium) while Upstox exchange transaction charges for options is NSE ₹5500 per Cr (0.055%) (on premium).

  Zerodha Upstox
Equity Delivery NSE ₹325 per Cr (0.00325%) | BSE ₹300 per Cr (0.003%) (each side) NSE ₹325 per Cr (0.00325%) (each side)
Equity Intraday NSE ₹325 per Cr (0.00325%) | BSE ₹300 per Cr (0.003%) (each side) NSE ₹325 per Cr (0.00325%) (each side)
Equity Futures NSE ₹190 per Cr (0.0019%) NSE ₹210 per Cr (0.0021%)
Equity Options NSE ₹5000 per Cr (0.05%) (on premium) NSE ₹5500 per Cr (0.055%) (on premium)
Currency Futures NSE ₹90 per Cr (0.0009%) | BSE ₹22 per Cr (0.00022%) NSE ₹130 per Cr (0.0013%) | BSE ₹26 per Cr (0.00026%)
Currency Options NSE ₹3500 per Cr (0.035%) | BSE ₹100 per Cr (0.001%) (on premium) NSE ₹2900 per Cr (0.029%) | BSE ₹2600 per Cr (0.026%) (on premium)
Commodity Group A - ₹260 per Cr (0.0026%) Group A - ₹290 per Cr (0.0029%)
Enquire Zerodha Enquire Upstox

Zerodha Vs Upstox Leverage (Margin)

Zerodha provides the margin of Up to 20x (based on the stock) for intraday trades whereas the Upstox margin for intraday cash is Basic: 15x | Priority: 20x | Basic CO: 20x | Priority CO: 27x.

  Zerodha Upstox
Equity Delivery 1x (no margin) 1x (no margin)
Equity Intraday Up to 20x (based on the stock) Basic: 15x | Priority: 20x | Basic CO: 20x | Priority CO: 27x
Equity Futures Intraday - 40%(2.5x), Carry forward - 100%(1x) of Total margin (Span+ Exposure) Basic: 3x | Priority: 3x | Basic CO: 5x | Priority CO: 6x
Equity Options Intraday - 40%(2.5x), Carry forward - 100%(1x) of Total margin (Span+ Exposure) Basic: 3x | Priority: 3x | Basic CO: 3x | Priority CO: 3x
Currency Futures Intraday - 40%(2.5x), Carry forward - 100%(1x) of Total margin (Span+ Exposure) Basic:4x | Priority:4x | Basic CO:4x | Priority CO:5x
Currency Options Intraday - 40%(2.5x), Carry forward - 100%(1x) of Total margin (Span+ Exposure) Basic: 4x | Priority: 4x | Basic CO: 4x | Priority CO: 5x
Commodity Futures Intraday - 40%(2.5x), Carry forward - 100%(1x) of Span Basic: 2.5x | Priority: 3x | Basic CO: 3x | Priority CO: 4x

Compare Zerodha and Upstox Features

The trading platforms offered Zerodha include Kite Web, Kite Mobile for Android/iOS and Coin. Upstox offers Upstox Pro Web, Dartstock, NEST Trader, Fox Trader, iOS and Android Algola trading software.

  Zerodha Upstox
3 in 1 Account No No
Charting Yes Yes
Automated Trading Yes No
SMS Alerts No No
Online Demo Yes Yes
Online Portfolio No No
Margin Trading Funding Available No No
Margin Against Shares (Equity Cash) Yes Yes
Margin Against Shares (Equity F&O) Yes Yes
Trading Platform Kite Web, Kite Mobile for Android/iOS and Coin Upstox Pro Web, Dartstock, NEST Trader, Fox Trader, iOS and Android Algola
Intraday Square-off Time 3:10 PM 3:15 PM
Other Features Direct Mutual Funds, APIs for Algo Trading Option strategy builder
Referral Program
Enquire Zerodha Enquire Upstox

Zerodha Vs Upstox - Pros and Cons

  Zerodha Upstox
Pros
  • Free equity delivery trades. No brokerage charges for Cash-N-Carry orders.
  • Excellent trading platforms (Kite) available for free.
  • Simple flat fee brokerage services across segments and exchanges (BSE, NSE, MCX).
  • Brokerage is 0.03% or ₹20 per executed order, whichever is lower for Intraday, F&O and Currency Derivatives. No hidden charges.
  • Direct Mutual Fund Investment is available.
  • Over 10 lakha+ active customers and 10% of daily volume at BSE, NSE and MCX.
  • Zerodha Referral Program offers 10% broekrage share to clients you refer.
  • Good Till Triggered (GTT) order are available. These are simillar to GTC orders.
  1. Upstox basic plan offers brokerage free trading in Equity Delivery segment.
  2. No brokerage for equity delivery trades.
  3. Free trading software including mobile and web trading app.
  4. Advance orders including AMO, CO and BO are available.
  5. Margin Against Share and Trailing-Stop/Stop-Loss (SL) are available to all.
  6. AmiBroker connector available for Algo Trading.
  7. Mutual Funds are available for investment.
  8. Higher leverage is available under different brokerage plan.
  9. Online IPO, FPO, Bonds and NCD's are available.
Cons
  • Doesn't provide stock tips, research reports or recommendations.
  • Call & Trade is charged at extra ₹50 order.
  • Auto Square off is charged at extra ₹50 order.
  • Doesn't offer 3-in-1 account.
  • Doesn't offer unlimited trading plans.
  • Doesn't offer AMC Free Demat account.
  • No margin funding.
  • No equity 'good till cancelled' orders.
  • Unlimited monthly plans not available.
  • Additional fee for call & trader.
  • Additional fee for square off done by the broker.
  • Higher demat debit transaction charges.
  • No stock tips or recommendations.
  • Upstox doesn't offer NRI Trading and Demat Account.
Promo / Offers

Free Equity Delivery Trading

Get free equity delivery trading (truly no brokerage) and pay flat ₹20 brokerage for Intraday and F&O trades. To open an account with Zerodha, simply leave your contact information with us and Zerodha representatives will call you.

FREE Equity Delivery Trading

Open Upstox Trading Account and get brokerage FREE Equity Delivery Trades (₹0 brokerage). Trade in Intra-day and F&O Trades at flat ₹20 per order.

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Upstox: Online Share/Stock Trading, Stock Trading App

Posted by On Filed under Trade

RKSV, known by the brand name Upstox, is one of India’s fastest-growing retail broking firms. The company allows retail investors in India to invest in stocks, futures, options, currencies and commodities at lower rates compared to traditional full-service brokers. It is headquartered in Mumbai, India and holds memberships with the NSE, BSE, MCX, and MCX-SX.

Upstox’s suite of products includes a mobile trading app, mutual funds investment platform, desktop trading platforms, strategy builders and brokerage and margin calculators. Upstox offers a paperless demat account opening and trading platform. Traders can trade in intraday/commodities/F&O/currencies on the Upstox platforms.

Upstox Online Trading App

 

Key Description:

Type: Private

Industry: Online Stock Broker

Founder: Raghu Kumar, Ravi Kumar, Shrinivas Viswanath

Headquarters: 30th Floor, Sunshine Tower, Senapati Bapat Marg, Dadar (W), Mumbai, Maharashtra 400013, Mumbai, Maharashtra, India
Products Stocks, Options, Futures, Commodities, Currencies, Mutual Funds

Number of employees: 300 (June 2019)

Website: website Link

Social Network: Facebook, Twitter

 

History

Brothers Ravi Kumar and Raghu Kumar first took up trading as a hobby during their teenage years. Later, Ravi joined broking firm Thinkorswim in 2004 where he learned the ropes of professional trading. In 2006, Ravi, along with Raghu, started their own firm, which gave them a turnover of US$ 20 million in the next two years. In 2008, the brothers moved to India & together with their friend Shrinivas Vishwanath, Raghu and Ravi set up RKSV Securities in 2009 solely for proprietary trading purposes.

In 2011, RKSV opened up to the general public by entering retail brokering with a trading plan that allowed retail traders to cut down considerably on their brokerage costs.

RKSV Securities changed the brand name of its trading platform to Upstox in 2016. Upstox has raised Series A funding from many investors such as Kalaari Capital and Ratan Tata.

Upstox raised $25 million in its second round of institutional funding from Tiger Global Management in 2019.

 

Upstox

Upstox is a trading platform from RKSV. Upstox’s entire onboarding process and trading is online based on a low-cost brokerage model. Although Upstox has a robust Call-and-Trade service, nearly 98.5% of trade orders are received through its web and mobile platforms. In 2016, the company launched the e-Aadhar account opening service, making the process of trading faster, entirely paperless, and efficient.

In 2018, Upstox launched its mobile app that enabled traders to trade in the regional language, Hindi. The company stated that the launch of the mobile app in Hindi would enable more inclusive growth, particularly in India’s vast Hindi-speaking belt. More than 70% of trading orders come in through Upstox Pro mobile with higher participation in stock markets from Tier III cities on mobile platforms.

Also Read: Zerodha Online Trading App