Transformation of Indian Capital Market-Role of National Stock Exchange

Abstract

Indian capital market was regarded as one of the most inefficient. As per the risk indices, India's condition was worst in 1990s. Today, India has outperformed many developed countries' capital market and is regarded as one of the best and safest place.  The National Stock Exchange played an important role in its transformation. This paper highlights the developments in Indian Capital Market. It explains how NSE acted as a catalyst in the transformation of Indian Capital Market by bringing sophisticated technology in trading and settlements.