v256.0 · stock markets · IN · verified 2026-04
India stock markets + capital markets
Stock markets in India — main exchanges, total market cap, major indices, listing requirements, trading hours, foreign-investor access, IPO market, dividend + capital-gains tax, regulator, custody + clearing.
Main exchanges
BSE (Bombay Stock Exchange) — Asia's oldest 1875, 5,300+ companies, USD 5.7T market cap · NSE (National Stock Exchange) — world's largest by trading volume (derivatives), USD 5.5T · MSEI (Metropolitan Stock Exchange) small · IFSC GIFT City exchanges (India INX + NSE IX)
Market cap + indices
| Total market cap | USD 5.7T+ Nov 2024 (overtook France, UK to become world's 4th-5th largest) · India fastest-growing major equity market 2020-24 · F&O volume world's largest |
| Major indices | Sensex (BSE 30 largest) · Nifty 50 (NSE 50 largest) · Nifty Bank · Nifty IT · Nifty Midcap 100 · Nifty Smallcap 100 · Nifty Next 50 · India VIX · Sensex breached 80,000+ Jul 2024 |
Listing + trading mechanics
| Listing requirements | Main Board: INR 10 crore (USD 1.2M) post-issue paid-up · 25% minimum public shareholding · 3-yr track record · SME platform separate with lower bars · IPO via DRHP (Draft Red Herring Prospectus) → SEBI approval → marketing → bidding · Some FPOs + OFS |
| Trading hours | 9:15 AM - 3:30 PM IST (Indian Standard Time) · Pre-open call auction 9:00 AM - 9:08 AM · Post-close 3:40 PM - 4:00 PM · No lunch break · Open Mon-Fri · Holidays per NSE/BSE calendar |
Foreign investor access
FPI (Foreign Portfolio Investor) registration via SEBI · Cat I (sovereign + foreign central banks) · Cat II (banks + funds) · NRIs limited route via NRE/NRO accounts · Stock Connect equivalent via FPIs · 10%/20% LTCG/STCG (treaty-relief for some) · 4.16% dividend tax · IFSC GIFT City offers significant tax breaks
IPO market (2024)
INR 1.4 lakh crore (USD 17B) raised 2024 IPOs — world's 2nd-largest IPO market 2024 (after US) · Major 2024 IPOs: Hyundai Motor India (Oct USD 3.3B largest ever in India), Bajaj Housing Finance (Sep), Swiggy (Nov USD 1.3B), Ola Electric (Aug), NTPC Green (Nov), Jio Hotstar pending 2025
Dividend + capital-gains tax
Indian residents: Dividend at slab rates · STCG (held <12 months): 20% (raised from 15% Budget 2024) · LTCG (held >12 months): 12.5% (raised from 10% Budget 2024) + INR 1.25 lakh exemption · Securities Transaction Tax (STT) on listed equity sale 0.1%
Regulator + custody/clearing
| Regulator | SEBI (Securities and Exchange Board of India) primary regulator · RBI for currency + interest-rate derivatives · IFSCA for IFSC GIFT City · MCA (Ministry of Corporate Affairs) for company law · Insurance + AMFI for mutual funds |
| Custody + clearing | NSDL + CDSL (depositories — 99%+ all equity dematerialized) · Indian Clearing Corp (NSE), ICCL (BSE) · T+1 settlement Jan 2023 (all stocks) · T+0 piloting for some · Custody banks: SBI, HDFC, ICICI, HSBC India, Citi India · DPs (Depository Participants) for individuals |
Recent changes (2023-2026)
2024-25: Hyundai Motor India IPO Oct 2024 largest in India's history (USD 3.3B) · Indian equity market crossed USD 5T market cap · STCG raised 15→20%, LTCG raised 10→12.5% (Budget Jul 2024) · STT on F&O raised · GIFT City IFSC continuing growth · NSE IPO pipeline (postponed from 2024)
Source: official India securities regulator · Last verified 2026-04
See also: India country profile · stock markets atlas