About Equities

NSE started trading in the equities segment (Capital Market segment) on November 3, 1994 and within a short
span of 1 year became the largest exchange in India in terms of volumes transacted.
Trading volumes in the equity segment have grown rapidly with average daily turnover increasing from Rs.17
crores during 1994-95 to Rs.15,687 crores during FY 2009-10. During the year 2009-10, NSE reported a turnover
of Rs.3,812,032 crores in the equities segment.
View Business Growth in CM Segment
The Equities section provides you with an insight into the equities segment of NSE and also provides real-time
quotes and statistics of the equities market. In-depth information regarding listing of securities, trading
systems & processes, clearing and settlement, risk management, trading statistics etc are available here.

NSE introduced for the first time in India, fully automated screen
based trading. It uses a modern, fully computerised trading system
designed to offer investors across the length and breadth of the
country a safe and easy way to invest.
The NSE trading system called 'National Exchange for Automated
Trading' (NEAT+) is a fully automated screen based trading system,
which adopts the principle of an order driven market.
Market Timings
Trading on the equities segment takes place on all days of the week (except Saturdays and
Sundays and holidays declared by the Exchange in advance). The market timings of the
equities segment are:
A) Pre-open session
Order entry & modification Open : 09:00 hrs
Order entry & modification Close : 09:08 hrs*
*with random closure in last one minute. Pre-open order matching starts immediately after
close of pre-open order entry.
B) Regular trading session
Normal / Limited Physical Market Open : 09:15 hrs
Normal / Limited Physical Market Close : 15:30 hrs
Block Deal Session Timings:
Morning Block Deal Window: This window shall operate between 08:45 AM to 09:00 AM.
Afternoon Block Deal Window: This window shall operate between 02:05 PM to 2:20 PM.
C) The Closing Session is held between 15.40 hrs and 16.00 hrs
Note: The Exchange may however close the market on days other than the above schedule
holidays or may open the market on days originally declared as holidays. The Exchange may
also extend, advance or reduce trading hours when its deems fit and necessary.

The Exchange operates the following sub-segments in the Equities segment:

+ Expand All | - Collapse All
Rolling Settlement
Limited Physical Market
Institutional Segment
Qualified Foreign Investor (QFI) segment
Trade for Trade Segment
Block Trading Session
Post Close Session
The Exchange operates the following sub-segments in the Equities segment:
+ Expand All | - Collapse All
Rolling Settlement
In a rolling settlement, each trading day is considered as a trading period and trades
executed during the day are settled based on the net obligations for the day.
At NSE, trades in rolling settlement are settled on a T+2 basis i.e. on the 2nd working day.
For arriving at the settlement day all intervening holidays, which include bank holidays, NSE
holidays, Saturdays and Sundays are excluded. Typically trades taking place on Monday are
settled on Wednesday, Tuesday's trades settled on Thursday and so on.
Limited Physical Market
Pursuant to the directive of SEBI to provide an exit route for small investors holding physical
shares in securities mandated for compulsory dematerialised settlement, the Exchange has
provided a facility for such trading in physical shares not exceeding 500 shares. This market
segment is referred to as 'Limited Physical Market' (small window). The Limited Physical
Market was introduced on June 7, 1999.
Salient Features of the Limited Physical Market
 Trading is conducted in the Odd Lot market (market type 'O') with Book Type 'OL'
and series 'BT'.
 Order quantities should not exceed 500 shares.
 The base price and price bands applicable in the Limited Physical Market are same as
those applicable for the corresponding Normal Market on that day.
 Trading hours are the same as that of the normal market and order entry during the
pre-open and post-close sessions are not allowed.
 Settlement for all trades would be done on a trade-for-trade basis and delivery
obligations arise out of each trade.
  Activity Day
Trading Rolling Settlement Trading T
Clearing Custodial Confirmation T+1 working days
  Delivery Generation T+1 working days
Settlement Securities and Funds pay in T+2 working days
  Securities and Funds pay out T+2 working days 
Post Settlement Assigning of shortages for close out T+3 working days
  Reporting and pick-up of bad delivery T+4 working days
  Close out of shortages T+4 working days
  Replacement of bad delivery T+6 working days
  Reporting of re-bad and pick-up T+8 working days
  Close out of re-bad delivery T+9 working days
 Orders get matched when both the price and the quantity match in the buy and sell
order. Orders with the same price and quantity match on time priority i.e. orders
which have come into the system before will get matched first.
  All Good-till-cancelled (GTC)/Good-till-date (GTD) orders placed and remaining as
outstanding orders in this segment at the close of market hours shall remain
available for next trading day. All orders in this segment, including GTC/GTD orders,
will be purged on the last day of the settlement.
 Trading Members are required to ensure that shares are duly registered in the name
of the investor(s) before entering orders on their behalf on a trade date.
Institutional Segment
The Reserve Bank of India had vide a press release on October 21, 1999, clarified that inter-
foreign-institutional-investor (inter-FII) transactions do not require prior approval or post-
facto confirmation of the Reserve Bank of India, since such transactions do not affect the
percentage of overall FII holdings in Indian companies. (Inter FII transactions are however
not permitted in securities where the FII holdings have already crossed the overall limit due
to any reason).
To facilitate execution of such Inter-Institutional deals in companies where the cut-off limit
of FII investment has been reached, the Exchange introduced a new market segment on
December 27, 1999.
The securities where FII investors and FII holding has reached the cut-off limit as specified by
RBI (2% lower than the ceiling specified by RBI) from time to time would be available for
trading in this market type for exclusive selling by FII clients. The cut off limits for companies
with 24% ceiling is 22%, for companies with 30% ceiling, is 28% and for companies with 40%
ceiling is 38%. Similarly, the cut off limit for public sector banks (including State Bank of
India) is 18% whose ceiling is 20%. The list of securities eligible / become ineligible for
trading in this market type would be notified to members from time to time.
Salient Features of the Institutional segment
 Trading in this market segment is available for institutional investors only. In order to
ensure that the overall FII ceiling limits are not violated, trading members shall be
allowed to enter sell orders in this market segment only for their FII clients.
However, members can enter buy orders on behalf of FII/FI clients.
 Trading takes place under series type 'IL' under market type 'N'
 The minimum tradable quantity in this market is 1.
 Trading shall be done on T+2 rolling settlement basis only. Settlement of transactions
shall be on dematerialised mode only
 The base price and the price bands applicable for this segment are the same as those
applicable for the corresponding normal market on that day.
 In case of buy/sell orders, members shall be required to enter the custodial
participant code at the time of order entry. Members shall not be allowed the facility
of trade warehousing for the IL Market segment.
Note: As per circular number NSE/CMTR/37880 dated May 30, 2018 trading in IL series has
been discontinued w.e.f July 01, 2018 in Capital Market segment.
Qualified Foreign Investor (QFI) segment
SEBI vide circulars CIR/ IMD/FII&C/3/2012 dated January 13, 2012, CIR/ IMD/ FII&C/ 4/ 2012
dated January 25, 2012 provide guideline for Investment by Qualified Foreign Investors (QFI)
in Indian Equity Shares.
As per the SEBI circular, when the aggregate shareholding of all the QFIs in a company
reaches 8% of the equity paid up capital, the company’s name along with ISIN shall be
published in caution list by the depositories and no fresh purchases shall be allowed without
prior approval of the depositories. SEBI also advised Exchange to develop separate segment
for intra QFI transactions in the equity shares of companies in the caution list, if QFI wish to
buy without the prior approval of the depositories.
To facilitate QFIs to trade in companies where the caution limit of QFI investment has been
reached and QFI wish to buy without the prior approval of the depositories exchange has
introduced new market segment w.e.f. March 20, 2012.
Salient Features of the Institutional  QFI segment
 Market Parameters

Series IQ
Market Type Normal Market
Lot Size Same as Normal Market
Base Price & Price
Band Same as Normal Market
As mentioned in Caution list by
Eligible Securities Depositories

 In order to ensure that the overall QFI ceiling limits are not violated, trading
members shall be allowed to enter sell orders in this market segment only for their
QFI clients.
 All other provisions applicable to different market segment (or type) shall also be
applicable mutatis-mutandis to this market also.
 QFI transactions in IQ series executed on behalf of Qualified Foreign Investors shall
be cleared and settled on a net obligations basis within the sub-segment. Settlement
of all transactions shall compulsorily be done in dematerialised mode only. All
transactions in IQ series shall be settled under settlement type ‘N’. Settlement
Guarantee shall be provided.
 A cash market member may trade and settle the transactions done on behalf of QFIs
based on the client codes. The assessment and collection of STT on such trades (EQ
and IQ segment) will have to be at the rate applicable to delivery based transactions.
 All other provisions viz. confirmation timings, penalties, shortages etc. pertaining to
IL series shall apply mutatis mutandis to IQ series.
 
Trade for Trade Segment
The scrips in Trade for Trade segment are made available for trading under BE series. The
settlement of scrips available in this segment is done on a trade for trade basis and no
netting off is allowed. The criteria for shifting scrips to/from Trade for Trade segment are
decided jointly by the Stock Exchanges in consultation with SEBI and reviewed periodically.
The process of identifying the securities moving to Trade for Trade segment is done on a
fortnightly basis while securities moving to/from Trade to Trade is done on a quarterly basis.
This review is applicable to all securities irrespective of Price Bands.

Fortnightly Review for shifting securities to Trade to Trade:

The detailed fortnightly review criteria for shifting of securities to Trade for Trade segment
is given below. The securities satisfying all the Criteria shall be transferred to Trade for Trade
segment.

Price Earnings Multiple (P/E)

Price Earnings Multiple (P/E) less than 0 or greater than or equal to upper limit # subject to a
minimum of 25 as on the relevant date.

(# If Nifty P/E on the relevant date is in the range of 15-20, then the upper limit will be 30. If
Nifty P/E >20 or <15 then the difference rounded off to nearest number will be added to or
subtracted from 30). AND

Price variation

Fortnightly Price Variation is greater than or equal to Sectoral Index* or Nifty 500 Index
Fortnightly Variation plus 25% subject to a minimum of 10%.

(*In case a particular Sectoral Index is available only on one exchange the other exchange
shall also use the same to compare price variation in securities of the concerned sector for
the purpose of shifting to Trade for Trade segment). AND

Market Capitalisation
Less than equal to Rs. 500 crores as on relevant date.

Exceptions:
The following securities shall be excluded from the Fortnightly review process:
Securities with Dynamic Price Bands.
Newly listed securities (IPO) and the securities which are made available for trading in Trade
for Trade segment for the first 10 trading days with applicable price band, while keeping the
price band open on the first day of trading as per SEBI circular bearing no
SEBI/Cir/ISD/1/2010 dated September 2, 2010.
Securities transferred out of Trade for Trade settlement to Rolling settlement as per
quarterly Trade for Trade Review Exercise will not be considered in immediate following
fortnightly Trade for Trade review for shifting it back to Trade for Trade.

Quarterly Review for shifting securities to / from Trade to Trade:

Securities satisfying the following criteria on the date of review shall be shifted to Trade for
Trade. The securities satisfying any of the following criteria A, B, C or D shall be transferred
to Trade for Trade segment.
Criteria A
Price Earnings Multiple (P/E) less than 0 or greater than or equal to upper limit # subject to a
minimum of 25 as on the relevant date AND

Price Variation greater than or equal to 25% plus Sectoral Index* / Nifty 500 variation in the
last 2 fortnights; subject to a minimum of 10% AND

Volatility greater than three times Nifty volatility over a period of 6 fortnights. Volatility is
computed as standard deviation of log normal close to close returns.

OR
Criteria B
Price Earnings Multiple (P/E) greater than 0 but less than the upper limit # subject to a
minimum of 25 as on the relevant date AND
Price Variation greater than or equal to 50% plus Sectoral Index / Nifty 500 variation in the
last 2 Fortnights AND
Volatility greater than three times Nifty volatility over a period of 6 Fortnights.
OR
Criteria C
Criteria C shall be applicable to securities with a market capitalization of less than 2 times of
the market capitalization** arrived at for the review
Average daily volume variation for 2 Fortnights over previous 2 Fortnights greater than
200% + Average volume variation of Nifty 500 constituents. (computed as average of
average volume variation month over month across the constituents as on relevant date,
rounded off to the nearest 5%), subject to minimum of 200% (average daily volume in the
recent 2 Fortnights being more than 1000 shares) AND
Concentration (Gross Purchase plus Gross Sales) of Top 10 Clients on the basis of PAN during
the 2 Fortnights more than 25% AND
Price Variation greater than or equal to 25% plus Sectoral Index / Nifty 500 variation in the
last 2 Fortnights, subject to a minimum of 10%.
OR
Criteria D
Number of non-promoter shareholders less than 500 as per the latest shareholding pattern
available with the Exchange.

(# If Nifty P/E on the relevant date is in the range of 15-20, then the upper limit will be 30. If
Nifty P/E>20 or <15 then the difference rounded off to nearest number will be added to or
subtracted from 30).
(*In case a particular Sectoral Index is available only on one exchange the other exchange
shall also use the same to compare price variation in securities of the concerned sector for
the purpose of shifting to Trade for Trade segment).
(**Market capitalization threshold shall be linked to the Nifty / Sensex movement between
December 01, 2003 taking base as Rs. 200 crores and present quarterly relevant date (after
rounding off to the nearest Rs. 50 crores of higher of Nifty / Sensex movement) but
restricted to an upper limit of 500 crores.)
Securities moving out of Trade for Trade segment would be placed under 5 % price band
until the next review for upward revision of Price bands.

Dropping Criteria:
The following dropping Criteria shall be applied on the securities eligible to move to Trade
for Trade as per above Criteria:
Market Capitalisation is greater than Rs. 500 crores as on relevant date AND
Institutional Holding is more than 20% OR
Securities where company is paying dividend or issued bonus shares (and no dividend) in at
least two out of last three years.
Exceptions:
The following securities shall be excluded from the Quarterly review process:
Securities with Dynamic Price Bands.OR
Newly listed securities (IPO) and the securities which are made available for trading in Trade
for Trade segment for the first 10 trading days with applicable price band, while keeping the
price band open on the first day of trading as per SEBI circular bearing no
SEBI/Cir/ISD/1/2010 dated September 2, 2010. OR
Securities transferred to Trade for Trade segment as per immediate preceding fortnightly
Trade to Trade Review Exercise will not be considered for review for shifting it back to
Rolling Settlement.

The above criteria is already available at

https://www.nseindia.com/products/content/equities/equities/mrkt_segment.htm

 Calendar for Trade for Trade review for the year 2019
Revision in Trade for trade
Block Trading Session
The SEBI vide letter MRD/DoP/SE/Cir - 19/05 dated September 02, 2005 and
CIR/MRD/DP/118/2017 dated October 26, 2017 guidelines outlining a facility of allowing
Stock Exchanges to provide separate trading window to facilitate execution of large trades.
The Exchange has introduced new block window mechanism for the block trades from
January 01, 2018.
Following are the features of Block Trades :
 Trading will be conducted in the Odd Lot market (market type 'O') with Book Type
'OL' and series 'BL'.

 Session Timings:

a) Morning Block Deal Window: This window shall operate between 08:45 AM to
09:00 AM.
 b) Afternoon Block Deal Window: This window shall operate between 02:05 PM to
2:20 PM.

 Reference price:

a) Morning Block Deal Window: The reference price for execution of block deals in
this window shall be the previous day closing price of the stock.

b) The reference price for block deals in this window shall be the volume weighted
average price (VWAP) of the trades executed in the security in the cash segment
between 01:45 PM to 02:00 PM. In case no trades are executed in the security in the
cash segment between 01:45 PM to 02:00 PM, the reference price shall be
considered as follows-

o VWAP based on trades executed in the security between 9:00 am to 1:45 pm

shall be taken as reference price. For the computation of VWAP, the trades of
pre-open / special pre-open session as the case may be, shall also be
considered.
o In case VWAP is not available as per above, then the previous day’s adjusted
close price / base price shall be considered as reference price.
The Exchange shall calculate and disseminate/ broadcast the applicable price range for the
execution of block deal between 02:00 PM to 02:05 PM on the trading terminal.

 The minimum order size for execution of trades in the Block deal window shall be
Rs.10 Crore.
 Orders will get matched when both the price and the quantity match for the buy and
sell order. Orders with the same price and quantity will match on time priority i.e.
orders which have come into the system before will get matched first.
 Market orders are not allowed for BL series.
 The orders placed shall be within ±1% of the applicable reference price in the
respective windows as stated above.
Post Close Session
In accordance with SEBI letter SMD/Policy/9916/2003 dated May 20, 2003 notifying
scheme / guidelines outlining a facility of providing Trading Session after normal market
hours in Capital Market Segment, 'Closing Session' has been introduced by the Exchange
from June 16, 2003.
Salient features of Post Close Session are as follows:
 Closing Session is available only in Normal Market Segment.
 Timings will be 3.40 PM to 4.00 PM
 Only market price orders are allowed.
 Trading will take place at single price i.e. close price of a security.
 Special Terms, Stop Loss and DQ orders are not allowed.
 Trades will be considered as Normal Market trades.
  The post close session facility is available to all the securities which are eligible for
trading in Normal market in CM segment. However, if securities not traded in the
normal market session will not be allowed to participate in the Closing Session.

Securities Available for Trading

The Capital Market (Equities) segment of NSE facilitates trading in the following
instruments:
 Shares
1. Equity Shares
2. Preference Shares
ii. Debentures
1. Partly Convertible Debentures
2. Fully Convertible Debentures
3. Non Convertible Debentures
4. Warrants / Coupons / Secured Premium Notes/ other Hybrids
5. Bonds
ii. Units of Mutual Funds

 As per SEBI Circular CIR/MRD/DP/01/2012, In case equilibrium price is not

discovered, all orders shall be cancelled and the scrip shall continue to trade in call
auction mechanism until price is determined.
 For securities that undergo call auction in special pre-open session in case of
New/IPO Listings; Re-Listing; Corporate Action; Surveillance action etc. - % change is
calculated with respect to equilibrium price determined in the session.

Circuit Breakers
The Exchange has implemented index-based market-wide circuit breakers with effect from
July 02, 2001 based on SEBI Circular No. SMDRPD/Policy/Cir-37/2001 dated June 28, 2001.
SEBI vide its Circular no. CIR/MRD/DP/ 25 /2013 dated September 03, 2013 has partially
modified the earlier circular. The revised guidelines are as below.
The index-based market-wide circuit breaker system applies at 3 stages of the index
movement, either way viz. at 10%, 15% and 20%. These circuit breakers when triggered
bring about a coordinated trading halt in all equity and equity derivative markets
nationwide. The market-wide circuit breakers are triggered by movement of either the BSE
Sensex or the Nifty 50, whichever is breached earlier. In this regard the Exchange has issued
a circular no 85/2013 (Download No-24709) dated October 11, 2013.
The market shall re-open, after index based market-wide circuit filter breach, with a pre-
open call auction session. The extent of duration of the market halt and pre-open session is
as given below:
Trigger Market halt Pre-open call auction session post
limit Trigger time duration market halt
Before 1:00 pm. 45 Minutes 15 Minutes
At or after 1:00 pm upto
2.30 pm 15 Minutes 15 Minutes
10% At or after 2.30 pm  No halt Not applicable
 Before 1 pm 1 hour 45 minutes 15 Minutes
At or after 1:00 pm before
2:00 pm 45 Minutes 15 Minutes
Remainder of the
15% On or after 2:00 pm day Not applicable
Any time during market Remainder of the
20% hours day Not applicable
Exchange shall compute the Index circuit breaker limits for 10%, 15% and 20% levels on a
daily basis based on the previous day's closing level of the index rounded off to the nearest
tick size.
Daily Market Wide Circuit Filter
NIFTY 50 Closing As on 20-May-2021 14906.05
Index Circuit Filter Trigger Limit Equivalent Point (+/-) for 21-May-2021
10% 1490.60
15% 2235.90
20% 2981.20

Price Bands
Daily price bands are applicable on securities as below:
 Daily price bands of 2% (either way)
 Daily price bands of 5% (either way)
 Daily price bands of 10% (either way)
 No price bands are applicable on scrips on which derivative products are available *
 Price bands of 20% (either way) on all remaining scrips (including debentures,
preference shares etc).
 Scrips on which no derivatives products are available but which are part of Index
Derivatives, are also subjected to price bands.
Daily Price Bands
The price bands for the securities in the Limited Physical Market are the same as those
applicable for the securities in the Normal Market.
For Auction market the price bands of 20% are applicable.
* In order to prevent members from entering orders at non-genuine prices in such
securities, the Exchange has fixed operating range of 10%.

Computer to Computer Link (CTCL) facility

NSE offers a facility to its trading members by which members can use their own trading
front-end software in order to trade on the NSE trading system. This facility called
Computer-to-Computer Link (CTCL) facility is available only to trading members of NSE.
About the CTCL facility
Trading Members can use their own software running on any suitable hardware/software
platform of their choice. This software would be a replacement of the NEAT+ front-end
software that is currently used by members to trade on the NSE trading system. Members
can use software customised to meet their specialised needs like provision of on-line trade
analysis, risk management tools, integration of back-office operations etc. The dealers of the
member may trade using the software remotely through the member's own private
network, subject to approvals from Department of Telecommunication etc. as may be
required in this regard.
CTCL software
Members can procure the CTCL software either from software vendors who are empanelled
with NSE or they may develop the software through their own in-house development team
or may procure the software from other non-empanelled vendors.
The Exchange has issued circular no.NSE/MSD/41332 dated June 17,2019 regarding
operational guidelines and procedures to be complied with by members desirous of using
the CTCL facility.
Vendors desirous of being empanelled with the Exchange for providing CTCL solutions to the
trading members of the Exchange can refer to circular no.NSE/CMO/0029/2000 dated
December 19, 2000 (Download No.NSE/CMT/2174) detailing the requirements and
procedures to be complied with by vendors for empanelment.

The Securities & Exchange Board of India (SEBI) approved the report on Internet Trading
brought out by the SEBI Committee on Internet Based Trading and Services In January 2000.
Internet trading can take place through order routing systems, which will route client orders
to exchange trading systems for execution. Thus a client sitting in any part of the country
would be able to trade using the Internet as a medium through brokers' Internet trading
systems.
SEBI-registered brokers can introduce Internet based trading after obtaining permission
from respective Stock Exchanges. SEBI has stipulated the minimum conditions to be fulfilled
by trading members to start Internet based trading and services, vide their circular
no.SMDRP/POLICY/CIR-06/2000 dated January 31, 2000.

Internet Trading at NSE

NSE became the first exchange to grant approval to its members for providing Internet
based trading services. In line with SEBI directives, NSE has issued circulars detailing the
operational guidelines and procedures to be complied with by members desirous of
providing Internet based trading and services in circular no. NSE/MSD/41332 dated June 17,
2019.
Members can procure the Internet trading software from software vendors who are
empanelled with NSE or they may develop the software through their own in-house
development team or may procure the software from other non-empanelled vendors.
Members can also avail of services provided by Application Service Providers (which may
inter-alia include providing / maintaining software / hardware / other infrastructure etc.) for
providing Internet based trading services subject to the Application Service Provider (ASP)
being empanelled with the Exchange for providing such services. The Exchange has issued
circular no. NSE/CMO/0028/2000 dated December 18, 2000 (Download No.NSE/CMT/2169)
detailing the formalities / requirements for ASPs desirous of being empanelled with the
Exchange for providing such services to trading members of NSE and circular no.
NSE/MSD/41332 dated June 17, 2019 detailing the operational guidelines and procedures
for members desirous of using ASPs for providing Internet based trading services.
Vendors & ASPs empanelled with NSE
Vendors desirous of being empanelled with the Exchange for providing Internet trading
solutions to the trading members of the Exchange can refer to circular
no.NSE/CMO/0029/2000 dated December 19, 2000 (Download No.NSE/CMT/2174) and
circular no.NSE/CMO/0039/2001 dated December 14, 2001 (Download No.NSE/CMTR/3054)
detailing the requirements and procedures to be complied with by vendors for
empanelment.
Download List of vendors empanelled with NSE (zip)
Download List of ASP empanelled with NSE (zip)
WAP Trading
The SEBI Committee on Internet Based Trading and Services in its meeting held on August 2,
2000 approved the minimum requirements for brokers offering securities trading through
wireless medium on Wireless Application Protocol (WAP) platform.
SEBI-registered brokers who have been granted permission to provide Internet based
trading services can introduce WAP trading after obtaining permission from respective stock
exchanges. SEBI has stipulated the minimum conditions to be fulfilled by trading members
to start Internet based trading and services, vide their circular no.SMDRP/POLICY/CIR-
48/2000 dated October 11, 2000.
WAP trading at NSE
NSE became the first exchange to grant permission to its members for providing WAP
trading services. NSE has granted permission to one of its trading members M/s.Gogia
Capital Services Ltd. to provide securities trading through WAP. This is the first WAP enabled
online stock trading facility in the country.
The WAP technology has been harnessed jointly by NSE.IT and Bharti Telesoft using Bharti
Telesoft's WAP interface and NSE.IT's E-broking products NeatXS/ iXS, leading to
convenience of live stock trading for people on the move.
Members desirous of providing trading services using WAP may please refer to circular no.
NSE/CMO/0024/2000 dated November 24, 2000 (Download No.NSE/CMTR/2112).

OTHER EQUITY PRODUCTS

Indices
A stock market index is a measure of the relative value of a group of stocks in numerical
terms. As the stocks within an index change value, the index value changes. An index is
important to measure the performance of investments against a relevant market index.
Current Market Reports :

Daily Reports
 NIFTY 50 Top 10 Holdings(csv)
 Daily Snapshot(csv)

View all Today Reports 

Monthly Reports
At the end of every month we publish a set of reports, including:
 Index Dashboard - Equity (pdf)
Historical Data :

Historical Index Data

Index wise open, high, low and closing values with Shares traded and
Turnover.
Search
Archives of Daily /Monthly Reports
Find the daily and monthly archived index reports like outstanding shares &
weightages, impact cost and more.
Search
P/E,P/B & Div
Daily and historical values of Price/Earnings, Price/book Value and Dividend
Yields for Indices.
Search

Market consultation
About Indices
    For more information, visit NIFTY Indices Website  

About Indices
 
A stock market index is created by selecting a group of stocks that are representative of the
whole market or a specified sector or segment of the market. An Index is calculated with
reference to a base period and a base index value. An Index is used to give information
about the price movements of products in the financial, commodities or any other markets.
Financial indexes are constructed to measure price movements of stocks, bonds, T-bills and
other forms of investments. Stock market indexes are meant to capture the overall
behaviour of equity markets. More about indices >
Broad Market Indices
These indices are broad-market indices, consisting of the large, liquid stocks listed on the
Exchange. They serve as a benchmark for measuring the performance of the stocks or
portfolios such as mutual fund investments.
More about Broad Market Indices
 Nifty 50 Index
 Nifty Next 50 Index
 Nifty 100 Index
 Nifty 200 Index
 Nifty 500 Index
 Nifty Midcap150 Index
 Nifty Midcap 50 Index
 Nifty Midcap 100 Index
 Nifty Smallcap 250 Index
 Nifty Smallcap 50 Index
 Nifty Smallcap 100 Index
 NIFTY LargeMidcap 250 Index
 Nifty MidSmallcap 400 Index
 India Vix Index
Sectoral Indices
Sector-based index are designed to provide a single value for the aggregate performance of
a number of companies representing a group of related industries or within a sector of the
economy.
More about Sectoral Indices
Thematic Indices
Thematic indices are designed to provide a single value for the aggregate performance of a
number of companies representing a theme.
More about Thematic Indices
Strategy Indices
Strategy indices are designed on the basis of quantitative models / investment strategies to
provide a single value for the aggregate performance of a number of companies.
More about Strategy Indices
Fixed Income Indices
Fixed income index is used to measure performance of the bond market. The fixed income
indices are useful tool for investors to measure and compare performance of bond portfolio.
Fixed income indices also used for introduction of Exchange Traded Funds.
More
Hybrid Indices
NIFTY Hybrid Index series seeks to track the performance of a hybrid portfolio having pre-
defined exposure to equity and fixed income assets.
More
Index Concepts
Indices and index-linked investment products provide considerable benefits. Important
concepts and terminologies are associated with Index construction. These concepts are
important for investors to learn from the information that indices contain about investment
opportunities.
More about Index Concepts
 Impact Cost
 Beta
 Total Returns Index
 Investible Weight Factors (IWFs)
Index Funds
An Index Fund is a type of mutual fund with a portfolio constructed to match the
constituents of the market index, such as Nifty 50. An index fund provides broad market
exposure and lower operating expenses for investors.
More about Index Funds

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Certification in Option Strategies

PROGRAMME OBJECTIVE

Certification in Option Strategies will enable the students to understand the technical
terminologies associated with the options market, build their own options strategies with
sophisticated approaches to preserve and build capital, develop the requisite skills to
identify , assess and execute trading opportunities in options in order to make consistent
profits from options trading and create, manage and evolve various options strategies in
order to make money regardless of the direction of the stock market capital.
WHO WILL BENEFIT FROM THIS COURSE?

Certification in Option Strategies course greatly benefits aspiring traders, teachers,

students coming from both commerce and non-commerce background, investors and also
anyone who is interested in derivatives market.
 Register Now

COURSE OUTLINE

 Introduction to Derivatives-Practical understanding using various websites, e-

books, supplementary study materials , web & mobile applications
 Understanding Future-Definition, Margin, Lot Size, Settlement
 Introduction to Options - Pay Off Discussion with chart explanation
 Open Interest , Liquidity and Put Call Ratio using MyFnO
 Introduction to Option strategies - Bull & Bear Spreads, Butterfly & Condor Spreads
- Iron , Vanilla & Broken Wing, Straddle & Strangle, Ratio Spread Strategies and
Calendar Spread Strategies
 Volatility - Definition ,Implied Vs Historical, Smile & Skew and Implied Volatility
Rank & Implied volatility percentile
 Introduction to Option Greeks -Delta Vega Theta Rho and Gamma
 Greeks Behaviour-Understanding with the help of Option Calculator, Combining
Greeks and Volatility to understand strategies
 Introduction to currency and commodities options
 Options Writing Vs Option Buying
 Money & Risk Management Techniques
COURSE OFFERING

 24 Hours of Live Sessions

 10 supplementary study material
 Full length test
 NCFM examination mapped

Practical hands-on knowledge on

 Elearnoptions
 Myfno
CERTIFICATION

After successfully completing the course, the student will receive a Joint Certificate of
Completion by NSE Academy and Kredent Academy, having a life time validity at their
postal address.
 Register Now
You can also call 9748222555 or email us at info@elearnmarkets.com

Certification in Equity Research Analysis

PROGRAMME OBJECTIVE

Certification in Equity Research Analysis course would cover basic investment topics as
well as advanced fundamental concepts in a manner which is easy to understand for
someone without a background in accounting. It includes discussions via case studies,
understanding broader investment topics, outlines on how to analyse a company,
evaluation of companies, comprehend the annual report, capital allocation decision,
portfolio construction and rebalancing and creating a correct psychological framework
that will help one traverse various cycles of markets..
WHO WILL BENEFIT FROM THIS COURSE?

This course is skillfully designed for anyone who wants to improve his/her understanding
of the capital markets, those who want to become Equity Research Analyst and who
wants to focus on long term investments and take a non-speculative path to create
wealth, professionals and individuals who would want to learn how to invest, construct &
manage individual portfolios and become self-sufficient in managing their own money.
 Register Now

COURSE OUTLINE

 Introduction to Equity Analysis & Investing

 Evaluating Business Model & Learning Industry Analysis
 Porter's five forces & Moat Application
 Evaluating Management & Learning
 Corporate Governance
 Quantitative Analysis
 Valuation
 Behavioral Finance & its application and importance
 Analysis beyond numbers
COURSE OFFERING
  28 hrs of Live SessionsOver 140 hours of videos
 8 Supplementary study material 132 hours of live classes
 Full Length Tests
 NCFM examination mapped

Practical hands-on knowledge on

 Screener.in
CERTIFICATION

After successfully completing the course, the student will receive a Joint Certificate of
Completion by NSE Academy and Kredent Academy, having a life time validity at their
postal address.
 Register Now
You can also call 9748222555 or email us at info@elearnmarkets.com

Certification in Financial Planning & Wealth Management

PROGRAMME OBJECTIVE

Certification in Financial Planning & Wealth Management Course intends to help the
participants acquire knowledge, skills, attitudes and values required to operate ethically
and responsibly in the highly regulated financial services environment. This programme
will also help the participants to respond to the challenges posed by the changing nature
of the Financial Services Industry. Incumbents here will be exposed to the important
terms, and theories related to wealth and investment management.
WHO WILL BENEFIT FROM THIS COURSE?

Certification in Financial Planning & Wealth Management Course will benefit Graduates/
Post Graduates, Working Professionals looking for specialization in Financial Services
functional domains as well as candidates wanting to build a career in Distribution Houses,
Asset Management Companies, PMS, Wealth Advisory, Banks and Stock broking.
 Register Now

COURSE OUTLINE

 Financial Planning
 Wealth Management
 Investment & Risk Management : Equity
  Investment & Risk Management : Debt
 Investment & Risk Management : Alternate Assets
 Investment Products & Services
 Investment Evaluation Framework
 Risk Profiting & Asset Allocation
 Risk Management through Insurance
 Elements of Taxation
 Taxation of Investment products
 Estate Planning
COURSE OFFERING

 24 hours of live classes

 14 Supplementary study material
 Full length test
CERTIFICATION

After successfully completing the course, the student will receive a Joint Certificate of
Completion by NSE Academy and Kredent Academy having a life time validity at their
postal address.
 Register Now
You can also call 9903222555 or email us at info@elearnmarkets.com

Certification in Currency and Commodities

PROGRAMME OBJECTIVE

The core objective of Certification in Currency and Commodities course is to provide the
participants with a practical exposure and knowledge on both currency and commodity
markets, and the inter-relationship between them. This programme will also enable the
participants to understand the fundamental analytical framework to analyze various
commodities, as well as the impact of MEIs on commodity prices. The learners will get a
clear idea of the trading clearing and settlement mechanisms of Currency Derivatives,
various data analysis techniques in commodity markets as well as the scope of MEIs in
programmed trading
WHO WILL BENEFIT FROM THIS COURSE?

This course is skillfully designed for anyone who wants to improve his/her understanding
of the currency and commodity markets, It greatly benefits aspiring traders, teachers,
students coming from both commerce and non-commerce background, investors and also
anyone who is interested in these market.
 Register Now
COURSE OUTLINE

Currency and Currency Markets:

 An Introduction to Derivatives
 Exchange Traded Currency Futures
 Currency Futures Strategies
 Currency Option
 Currency Option Strategies
 Clearing, Settlement & Risk Management
 Key Rules & Regulations

Fundamental Analysis of Commodities:

 Classification of Commodities
 Introduction to Fundamental Analysis
 Basics of Economics Theory
 Practical Aspects of Economic Theory
 Incorporating Demand
 Types of FA Method
 Data Analysis-Some Key Points
 Seasonality Analysis
 Market Response
 Market Expectations
 Inflation
 Government
 Building a Model
 FA and Trading
 Pitfalls

Macroeconomic Data Analysis of Commodities:

 Basic Flow
 Basic Flow and MEIs
 Types and Classifications
 Indian MEIs
 Global MEIs
 US MEIs
 Impacting Eco Policy
 Impact of MEIs on Currency and Commodity Prices
 Statistical Relationships
 Notable Cases

COURSE OFFERING
  46 Recorded Videos
 14 hours of Live Classes
 60+ Hours of content
 3 Supplementary Study Materials
 Chapter-Wise and full length tests
 NCFM examination mapped
CERTIFICATION

After successfully completing the course, the student will receive a Joint Certificate of
Completion by NSE Academy and Kredent Academy, having a life time validity at their
postal address
 Register Now
You can also call 9674322333 or email us at info@elearnmarkets.com