The National Stock Exchange of India was promoted by leading Financial institutions at the behest of the Government of India, and was incorporated in November 1992 as a tax-paying company. In April 1993, it was recognized as a stock exchange under the Securities Contracts (Regulation) Act, 1956. It started operations in the Wholesale Debt Market in June 1994. The Equities part started in November 1994, while the Derivatives segment commenced in June 2000.
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