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manpreet
Best Answer
3 years ago
Here were about 20 active stock exchanges in India with 7000 listed companies, 6500 brokers and 538 investment bankers registered with the SEBI. As per a Mint report, dated 20 May, 2014, 15 of the 20 stock exchanges in the country have opted to exit the business altogether. The 5 that will continue are the Bombay Stock Exchange (BSE), United Stock Exchange (which agreed to merge with BSE), MCX Stock Exchange Ltd (MCX-SX), National Stock Exchange (NSE) and the Calcutta Stock Exchange. Prospects for the stock broking business are bright and for those who are qualified to handle this business and have the necessary personality traits to cope with it, the job openings are many. As of November, 2014, the Bombay Stock Exchange (BSE) was rated 10th globally (market value-wise) among worlds stock exchanges, as revealed by data from the World Federation of Exchanges. Close behind is Indias National Stock Exchange (NSE), ranked 11th. It is a matter of time before we make it to the top 5 stock exchanges in the world, said Kalpana Morparia, chief executive of J.P. Morgan India, told Wall Street Journal on 28 November, 2014. If the market cap of Indian companies keeps growing at its recent pace, the BSE and NSE could soon overtake Germanys Deutsche Borse and Chinas Shenzhen Stock Exchange. In short, opportunities in this field are going to be aplenty!