The National Stock Exchange of India Limited was recognized as a stock exchange under the Securities Contracts (Regulation) Act, 1956 in April 1993. The operations of the NSE started in the Wholesale Debt Market segment in June, 1994. The Capital or Equities Market segment commenced its operations in November 1994 while the Derivatives segment commenced in June 2000.
The following years saw rapid development of the Indian Capital Market due to the introduction of Exchange trade funds, Internet trading, stock derivatives and the first volatility index - IndiaVIX in April 2008, by NSE. In August 2008, it saw the introduction of currency derivatives in India. It came with the launch of Currency Futures in USD INR by NSE. The Interest rate futures were launched for the first time by the NSE in India on August 31st, 2009 which happened to be exactly one year after the launch of Currency Futures.
The National Stock Exchange of India was recommended a promotion by financial institutions to provide an equal footing to investors that are all across the country. Upon the behest of the Government of India the NSE was incorporated in November 1992 as a tax-paying company unlike other stock exchanges in the country. Now both retail and institutional investors can actively participate in equities, equity derivatives, currency and interest rate derivatives, which give them a wide range of products to take care of their ever changing needs. The NSE allows members to provide internet trading facility to their clients through the use of NOW, known as NSE on web, a shared web infrastructure.