![]() 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. NSE was set up at the behest of the Government of India, based on the recommendations laid out by the Pherwani committee in 1991 and the blueprint created by Ravi Narain, RH Patil and SS Nadkarni in 1992. National Stock Exchange was incorporated in the year 1992 to bring about transparency in the Indian equity markets. Earlier, the Bimal Jalan Committee report estimated that barely 3% of India's population invested in the stock market, as compared to 27% in the United States and 10% in China. The 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. The NIFTY 50 index was launched in 1996 by NSE. 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. It is one of the largest stock exchanges in the world by market capitalization. It is the world's largest derivatives exchange by number of contracts traded and the third largest in cash equities by number of trades for the calendar year 2022. ![]() NSE is under the ownership of various financial institutions such as banks and insurance companies. National Stock Exchange of India Limited ( NSE) is one of the leading stock exchanges in India, based in Mumbai. NSE building at Bandra Kurla Complex, Mumbai
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