Dude this is so informative! Looking forward to more posts from you. A question - Why are there two stock exchanges? I can simply google this but I will get more insights from your answer I feel.
So technically, there are more than 2 exchanges. BSE and NSE are the largest. Think of it as a market to buy and sell goods. Now, if there was only one market, it would have a monopoly over prices, rules and regulations. BSE had a monopoly till the early 1990s, after which the government wanted to have a fair play, so they asked banks to form another exchange. That's how NSE was born.
Dude this is so informative! Looking forward to more posts from you. A question - Why are there two stock exchanges? I can simply google this but I will get more insights from your answer I feel.
Thanks, Aniket!
So technically, there are more than 2 exchanges. BSE and NSE are the largest. Think of it as a market to buy and sell goods. Now, if there was only one market, it would have a monopoly over prices, rules and regulations. BSE had a monopoly till the early 1990s, after which the government wanted to have a fair play, so they asked banks to form another exchange. That's how NSE was born.