CURRENT AFFAIRS

Detailed explanation-1: -NSE was incorporated in 1992. It was recognised as a stock exchange by SEBI in April 1993 and commenced operations in 1994 with the launch of the wholesale debt market, followed shortly after by the launch of the cash market segment.

Detailed explanation-2: -BSE, the first ever stock exchange in Asia established in 1875 and the first in the country to be granted permanent recognition under the Securities Contract Regulation Act, 1956, has had an interesting rise to prominence over the past 143 years.

Detailed explanation-3: -NSE stands for National Stock Exchange and BSE stands for Bombay Stock Exchange. NSE is the biggest stock exchanges in India, while BSE is Asia’s oldest stock exchange. The volumes traded in NSE are way more than that traded in BSE.

Detailed explanation-4: -Mumbai: R.H. Patil, who founded the National Stock Exchange (NSE) in 1992 and built it into the country’s largest bourse, died on Thursday at the age of 74 while undergoing treatment for cancer. Apart from NSE, Patil was instrumental in setting up NSDL, National Securities Clearing Corp. Ltd, Stock Holding Corp.