NSE vs BSE: How the two stock exchanges fared on financial parameters in FY25 – Exchange Dominance

Although BSE, established in 1875, is Asia’s oldest stock exchange, it is NSE—founded in 1992—that has come to dominate India’s markets. NSE’s early move to fully electronic trading, superior infrastructure, and strategic focus on derivatives gave it a significant edge. Its ability to deliver faster execution, deeper liquidity, and robust risk management attracted both institutional and retail participants. In contrast, BSE fell behind on the technology front and was unable to develop a competitive derivatives platform, allowing NSE to lead decisively in terms of trading volumes and market share. (Data report PL Capital Wealth Management)