As our country celebrates its Platinum Independence anniversary, here’s a throwback on the many events that brought financial markets to where they are today.
Even before India got independence in 1947, it had at least one stock exchange up and running in BSE in 1857.
The other prominent exchange, the NSE, was incorporated in 1992, and was recognised as a stock exchange by market regulator Sebi in 1993.
BSE, meanwhile, remains one of the world’s oldest stock exchanges and the 8th largest exchange in terms of market capitalisation.
One of the first few steps taken by the government post-independence was enactment of The Capital