BSE (Bombay Stock Exchange) and NSE (National Stock Exchange) is the top leading stock exchanges in India.
BSE (incorporated in July 1875) is older than NSE (incorporated in Nov 1992).
According to the World Federation of Exchanges (WFE), in the top exchange ranking by market capitalization, BSE stands at 10th and NSE at 11th position as of 30th Nov 2018.
Electronic exchange system and BOLT electronic system are the online trading platforms belong to the NSE and BSE, respectively. They are online software to manage market positions with the help of financial intermediaries.
The NIFTY benchmark index is for NSE and Sensex for BSE.
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KYC is one time exercise while dealing in securities markets – once KYC is done through a SEBI registered intermediary (broker, DP, Mutual Fund etc.), you need not undergo the same process again when you approach another intermediary.