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NATIONAL STOCK EXCHANGE OF INDIA                  

7th March, 2022

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Context:

  • The Central Bureau of Investigation arrested Chitra Ramkrishna, former CEO of National Stock Exchange (NSE) in connection with its ongoing probe in the NSE co-location scandal.

 

About:

  • The National Stock Exchange of India Limited (NSE) is India's largest financial market and the fourth largest market in the world by trading volume.
  • National Stock Exchange was incorporated in the year 1992 to bring about transparency in the Indian equity markets.
  • National Stock Exchange of India Limited was the first exchange in India to provide modern, fully automated electronic trading.
  • Headquartered in Mumbai, the National Stock Exchange of India Limited (NSE) conducts transactions in the wholesale debt, equity, and derivative markets.
  • It allows for new listings, initial public offers (IPOs), debt issuances and Indian Depository Receipts (IDRs) by overseas companies raising capital in India.
  • S&P CNX Nifty is the benchmark index introduced by NSE.
  • Some of its other indices are CNX Nifty Junior, India VX, S&P CNX Defty, S&P CNX 500, etc.
  • The exchange offers clearing and settlement services through its wholly-owned unit, the National Securities Clearing Corporation set up in 1995.

https://economictimes.indiatimes.com/news/india/chitra-ramkrishna-arrested-by-cbi-in-nse-co-location-scandal/articleshow/90036955.cms