A Comparative Study Of Indian Stock Exchanges With The International Stock Exchanges

Abstract

Indian Stock Market at Global Stage holds a predominant place in world’s economy. Bombay Stock Exchange and National Stock Exchange are two stock exchanges with advance technologies. Globally India’s stock Exchange holds a great significance when it comes to comparison of all stock exchanges. In this research paper we will compare major world’s stock exchange in terms of both qualitative and quantitative terms. The stock market is witnessing heightened activities and is increasingly gaining importance. In the current context of globalization and the subsequent integration of the global markets this paper captures the trends, similarities and patterns in the activities and movements of the Indian Stock Market in comparison to its international counterparts. This study covers New York Stock Exchange (NYSE), Hong Kong Stock exchange (HSE), Tokyo Stock exchange (TSE), from various socio politico-economic backgrounds. Both the Bombay Stock exchange (BSE) and the National Stock Exchange of Indian Limited (NSE) have been used in the study as a part of Indian Stock Market. The time period has been divided into various eras to test the correlation between the various exchanges to prove that the Indian markets have become more integrated with its global counterparts and its reaction are in tandem with that are seen globally.