The National Stock Exchange (NSE) has a lot going for it. It is after all the country’s largest stock exchange with state-of-the-art infrastructure and a clearing mechanism that is super-efficient. The exchange, which was mandated to develop technology to move trading from open-outcry to electronic, untested in India till that time, has played a critical role in spreading the equity investment culture.
When it was conceived in the early nineties, few gave it much of a chance. After all, NSE which then worked out of a tiny, leased office in Mumbai, was pitted against a Goliath, the Bombay Stock
Disclaimer: These are personal views of the writer. They do not necessarily reflect the opinion of www.business-standard.com or the Business Standard newspaper
