Stock Market News: The stock market is a platform that consists of financial exchanges where shares of companies and their financial securities are sold and bought. This is a place where investors can safely convert their investments into cash. The BSE is the Bombay Stock Exchange and NSE is the National Stock Exchange. Let us know how to sell on these two Stock exchange platforms.Â
What is NSE?
The National Stock Exchange (NSE) is one of the leading stock exchange platforms in India, established in 1992. It is located in Mumbai. It provides trades on various financial products such as equities, derivatives, currency futures, etc.Â
It plays a crucial role in the Indian financial market by providing investors with a platform to buy and sell their securities in an efficient and reliable way. NSE is one of the largest and most technologically advanced financial platforms, impacting the Indian economy and investment landscape on a very large scale.
What is BSE?
The BSE stands for Bombay Stock Exchange, is one of the oldest stock exchange platforms in India. It was founded in 1875. It is located in Mumbai, India. It is also known as BSE Limited. The BSE Limited plays a very significant role in the Indian capital market. It is considered an important platform for investors to deal with their securities such as equities, debt securities and currency futures.Â
Stock Market News: What is Stock Exchange?
Stock Exchange is a marketplace where financial securities such as bonds, derivatives, stocks, etc are bought and sold by investors to make a profit. It provides a place for the investors to come together to make transactions. They ensure liquidity in investment and ensure fair trade practices are followed. The stock exchange has some major functions, such as price margins, liquidity, list of securities, market indices, surveillance, etc.
Also Read: Top 15 Stock Brokers in India
Stock Market News: Why Are BSE and NSE Required for Investment?
Both these platforms are trusted investment exchanges that allow stock trading. It offers multiple trading options, such as bonds, mutual funds, ETFs, commodities, derivatives, etc. Some of the major benefits of having BSE and NSE for buying and selling securities are mentioned below.
- They offer multiple trading options and are regulated by Securities and Exchange Board of India (SEBI). They ensure that no malpractice is carried out in the trade and investors’ money is safe.
- They also provide many other capital market trading services such as risk management, settlement, clearing, investors education, etc.
- They provide high liquidity investments, which ensures that investors get best value for their securities.
- These platforms provide transparent pricing mechanisms, which help investors make informed decisions about buying and selling their securities.Â
- They help investors by providing a lot of opportunities by providing various companies across various sectors as per the need of investors.
Stock Market News: Which one to choose among BSE and NSE?
Both of these exchanges provide an easy and reliable platform to carry on with our investment. Let us check some points to decide which one is better to choose for our securities investment.
- As per the ranking, NSE ranks 8th among the largest stock exchanges in the world. BSE ranks 10th among the largest stock exchanges in the world.
- NSE provides more trading volume than BSE.
- NSE has higher liquidity as they trade more volume than BSE.
- The community network of the NSE (National Stock Exchange) is also larger than that of the BSE. NSE provides its services in over 1500 cities, while BSE only covers 450 cities.
- While both of these platforms help investors purchase and sell. You can choose any of them to get financial services and products.
Stock Market News: How to Buy and Sell on NSE and BSE?
Check an overview to learn about the process of buying and selling on NSE and BSE.
- Get a Demat and Trading Account: After clearing your basics start a trading account on BSE or NSE. The demand account will keep all your securities in digital form to allow you to buy and sell orders.Â
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- Choose a Stockbroker: Get a stockbroker if you need one to handle your securities on your behalf. There are many stockbrokers in India that offer services on the BSE and NSE. They can help you navigate the stock market to buy and sell stocks. They also provide right information about the investment options available in the stock market.
- KYC Verification: Register yourself as an investor before you begin investing. To start with your investment you first need to complete your KYC requirements. You need to submit your personal details such as address proof, identity proof, income proof, along with other details.Â
- Fill your funds: Now transfer your funds in your account after verification. You can easily make transfers using any of the methods such as UPI, net banking, debit card, etc.Â
- Start your investments: Search for a stock you want to start investing in and monitor your investments.Â
However, make investments only after complete planning and analysis of the risk factors.
Also Read: Top 20 Best Stock Market Movies in India 2023
Stock Market News: KYC DocumentsÂ
Check some of the common KYC documents required to open a investment account.
- You will need identity proof such as a PAN card, Adhar card, driving licence, or any other photo identity proof.
- Address proof such as a voter ID, Ration Card, Driving License, Bank Passbook, Electricity bill, or any other proof issued by the recognized authority.
- Latest Passport-size photograph
After submitting the documents, your investment account will be opened in your name.Â
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Stock Market News FAQs
Can I purchase on NSE and sell on BSE?
No, you can not buy a stock on the BSE and sell it on the NSE. You can sell your stocks purchased from BSE on the same platform.
Which is better, NSE or BSE?
When compared on basis of trading volume and liquidity, NSE offers more trading volume than BSE. Also, networks in NSE are more than BSE all over the country.
Who governs BSE and NSE in India?
BSE and NSE are governed by Securities and Exchange Board of India (SEBI)
